News / Finance
QualityStocks.net News – PhotoChannel Networks Inc. (PNWIF.OB) to Provide and Operate Imaging Network for Kodak in China
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We would like to highlight PhotoChannel Networks Inc. (OTCBB: PNWIF). The company operates PNI Digital Media to provide services for major retailers, wireless carriers and content providers. The PNI Digital Media Platform connects consumer ordered digital content with retailers that have on-demand manufacturing capabilities for the production of merchandise. PNI Digital Media generates millions of transactions for major retailers around the world.
In the Company’s recent news,
PhotoChannel Networks announced that they have signed an agreement with Kodak (China) Investment Company Limited to provide and operate Kodak’s imaging network in China. Kodak China Investment Company Limited is a part of the world’s foremost imaging innovator Eastman Kodak (NYSE:EK).
Under the agreement, Kodak Express stores in China will use PhotoChannel’s PNI Digital Media Platform to transmit digital versions of personalized photo products created in the store to a Kodak production facility. The physical product will then be created and shipped back to the store.
Since 1995, PhotoChannel has been using the PNI Digital Media platform to connect consumers ordering digital content with retailers that have on-demand manufacturing capabilities for the production of merchandise. The company considers themselves the leader in online digital imaging solutions for retailers, manufacturers, media companies and mobility. Using the PNI Digital Media, the company generates millions of transactions for major retailers around the world, and hopes to have 800 Kodak Express stores connected to this platform in 2008.
The chairman and CEO of PhotoChannel commented: “With this agreement, PhotoChannel is now truly the worldwide leader in delivering image processing transactions. We are now operational in five continents with dominant positions in all. The versatility of our platform is showcased here as Kodak’s software solution is the front end of this system and PNI is delivering the back end transaction clearing and image transport capabilities, all under our enterprise class monitoring, tracking and financial reporting systems. We are very pleased to partner with Kodak in offering this new and unique solution for the Chinese marketplace.”
Also speaking on behalf of Kodak, Terence Chiu, Retail Printing Director - Asia Pacific, stated, “PhotoChannel’s software has complemented our solution and helped us deliver a unique, state-of-the-art solution with the capabilities we need to capitalize on an emerging and immense opportunity in China. The PNI platform will allow the Kodak Express stores in China to sell new revenue generating products by providing the operational and transactional workflow for our business. We look forward to realizing this significant opportunity with our partner PhotoChannel.”
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QualityStocks.net, based in Scottsdale, Arizona is a free service that collects data from hundreds Small-Cap and Micro-Cap online Investment Newsletters into one Free Daily Newsletter Report. QualityStocks.net is dedicated to assisting emerging public companies with their advertising efforts and now has over 500,000+ subscribers that receive The Daily Stock Newsletters.
To sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
Please see disclaimer on QualityStocks.net website: http://Disclaimer.QualityStocks.net
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This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
