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myPhotopipe.com, Inc. Partners With Proven Direct to Offer High-End Folded Greeting Cards and Photo Books
New lines expand Company's presence in multi-billion dollar greeting card industry
ATLANTA, Sept. 29 /PRNewswire-FirstCall/ -- myPhotopipe.com, Inc. (Pink Sheets: MPPC) today announced today announced a new partnership with Proven Direct, Inc., a back-end provider of high quality press-printed products, including folded photo greeting cards and photography books. myPhotopipe.com, Inc. will integrate Proven Direct's offerings through its existing Remote Order Entry System, thereby seamlessly offering a full portfolio of folded cards.
"Expanding our product line with this relationship will be invaluable to our fourth quarter operating results in 2009 and in future years," stated Robert E. Quick Jr., CEO of myPhotopipe.com, Inc. "We have always done well with our flat photo greeting cards, but the growth is now in the folded photo greeting cards segment. We believe our customers will love this line, allowing revenues from holiday cards to more than double 2008 levels. Proven Direct allows us to access its enormous production capacity while maintaining the level of profit margins we seek at price points that consumers demand."
The overall trend towards self-expression and personalization has turned photo greeting cards into one of the hottest segments in the multi-billion dollar greeting cards industry. Consumers may add their own photos and write their own greetings using templates provided by myPhotopipe.com. One-sided cards will flow though the Company's national lab in Atlanta, while folded and two-sided cards will flow through the Proven Direct plant. "The most amazing aspect of this relationship is that we are now able to offer new products without the slightest effect on internal production," observed Darren Schiff, COO of myPhotopipe.com, Inc. "We were able to structure this relationship so that our profit margins are right where they should be, without the time or cost of launching production in-house. I can't imagine a better scenario."
The new line of products will include folded greeting cards, personalized calendars, photo books and other press-printed products.
About myPhotopipe.com, Inc.
myPhotopipe.com, Inc. is a web-based online provider of digital photo processing, photo finishing, photo sharing, and related services. The Company's unique blend of 1000 print options, combined with manual print inspections and professional color management, have positioned myPhotopipe.com as one of the fastest-growing providers of digital photography services for professionals and serious amateurs.
The Company is headquartered in Atlanta, Georgia, and its common stock is listed on the OTC Pink Sheets under the symbol "MPPC". Additional information is available on the Internet at www.myPhotopipe.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934, and is subject to the safe harbor created by those sections. Such forward-looking statements are based upon current information and expectations regarding myPhotopipe.com, Inc. These estimates and statements speak only as of the date on which they are made, are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results could materially differ from what is expressed, implied or forecasted in such forward-looking statements.
myPhotopipe.com, Inc. assumes no obligation to update the information contained in this press release. myPhotopipe.com, Inc.'s forward-looking statements in this press release and future results may be materially impacted by any number of factors, any or all of which could have a negative impact on sales, operating results, financial and budgetary constraints. The statements made herein are independent statements of myPhotopipe.com, Inc. The inclusion, if any, of any third parties does not represent an endorsement of any myPhotopipe.com, Inc. products or services by any such third party.
For further information, please contact:
Robert E. Quick, Jr., CEO, at BQuick@myphotopipe.com or 480-607-5750
Ext. 10, or visit the Company's Web site at www.myphotopipe.com.
or
RJ Falkner & Company, Inc., Investor Relations Counsel at (830) 693-4400
or via email at info@rjfalkner.com
SOURCE myPhotopipe.com, Inc.
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