LifePics announced the addition of Rick Patch as the new President and CEO and Ken McDonald as Vice President of Marketing and Operations. Founder and previous President Vahe Christianian will continue to serve on LifePics' board of directors and as Vice President of Sales and Business Development.
"Rick and Ken exemplify the mission of LifePics and add an amazing depth to our management team," expressed Vahe. "Our dealers will benefit most from this change - we plan to leverage the team's experience to drive increasing amounts of business through our dealer network."
"The Photo Marketing Association is predicting that 58 million digital cameras
will be sold worldwide in 2004 and that local labs will become the dominant place
where consumers print their digital photos. We are positioning LifePics to be the
premier online digital photo service that works with local labs," said Rick
Patch. "We plan to grow our dealer network and continue to significantly increase
the number of orders flowing through our network."
Rick Patch is a pioneering software executive and entrepreneur with 25 years experience in information technology and in building early-stage companies. Rick was a founding member and former President of Micro Decisionware Inc., a successful VC-backed company that was ultimately sold to Sybase Inc. Rick was also a founding partner at Sequel Venture Partners, a venture capital firm with over $400 million in assets. As part of Sequel, Rick invested in and built numerous successful Internet companies including MatchLogic (acquired by Excite), Dante (acquired by WebMethods), Service Magic (acquired by IAC), and Bid4Vacations (acquired by I.C.E.).
Ken McDonald has worked in the software industry since the mid 1980s in a variety of capacities. He spent 5 years in marketing positions at Oracle and helped drive Oracle's e-commerce initiatives. He also spent 3 years at Sequel Venture Partners, a venture capital firm, making investments in software companies. He has been on the starting team of two software companies, Topica and Open Horizon, and spent 3 years doing IT consulting at Booz Allen and Hamilton.LifePics offers consumers the ability to print and preserve their pictures from the Internet using trusted local retail outlets. We provide co-branded online digital imaging Internet sites to independent camera stores, photofinishing storefronts and mass channel photofinishers. LifePics' network of local retailers extends across the United States and Canada. For more information, visit LifePics at www.lifepics.com.
