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Wednesday, April 09, 2008

myPhotopipe.com Expands Online Offering of Photo Greeting Cards

myPhotopipe.com Expands Online Offering of Photo Greeting Cards

Company targets $7.5 billion greeting card space with more than 300 new products

ATLANTA, April 9, 2008 /PRNewswire-FirstCall/ -- myPhotopipe.com, Inc. (Pink Sheets: MPPC.PK), a web-based online provider of digital photo processing and related services, today unveiled a new initiative to significantly expand its product offerings and presence in the photo greeting card segment of the $7.5 billion greeting card market. The Company expects to more than double the number of products offered via its online web portal, http://www.myphotopipe.com/.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080325/CLTU023)

During 2006, according to data from industry association PMA, over 9 million households used digital cameras to make photo greeting cards, spending more than $550 million. As in years past, owners of high-end digital cameras (8 megapixels or more) were almost twice as likely to make photo greeting cards as owners of lower resolution cameras. What prompted myPhotopipe.com's newly announced initiative was the sharp increase in sales of high-end cameras.

According to PMA data, demand for 8 or greater megapixel cameras grew at a rate of 977% in the fourth quarter of 2007, versus the same period in 2006. This translates into approximately 25 million new high-end cameras entering the US market in 2007. According to the PMA, better cameras correlate to better images. This, in turn, encourages the purchase of more photo cards, which have also benefited from an increasing demand among consumers for self-expression and the personalization of social sentiments.

myPhotopipe.com offered consumers 629 photo greeting card styles at the end of 2007. The Company is adding 256 cards under its newly created Designer Collection category and 60 cards under a new General Purpose category, and it will also expand all of its existing categories with a new line of primary colors.

"This is the single most important initiative we have undertaken since the launch of FolioPrints," noted Eric Casolo, Director of Digital Photo Tools for the Company. "In large measure it came about because of the convergence in data and trends. First there was the jump in sales of high-resolution cameras. Second, the whole social expressions segment of the greeting card market has doubled during the past two years. And of course, owners of high-end cameras are almost twice as likely to make photo cards as the ordinary digital camera owner. When we saw the sharp increase in demand for cameras with resolutions of 8 megapixels and higher, we felt compelled to act, so we accelerated our timetables and will continue on an accelerated pace for the next two months."

According to the PMA, photo greeting cards grew from 270 million units in 2005 to 550 million in 2006. Year-end data for 2007 is not yet available.

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 http://www.myphotopipe.com/.

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 that are 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 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 forecast in such forward-looking statements.

myPhotopipe.com, Inc. assumes no obligation to update the information contained in this release. Any forward-looking statements in this press release 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 by myPhotopipe.com, Inc. The inclusion or mention, if any, of third parties in this press release does not represent an endorsement of any myPhotopipe.com, Inc. products or services by any such third party.

                                  Contact:          L. Douglas Keeney, CEO, at (502) 419-5837 or via email at                           dougk@myphotopipe.com                                      or  

R. Jerry Falkner, CFA, RJ Falkner & Company, Inc., Investor Relations Counsel

at (830) 693-4400 or via email at info@rjfalkner.com

First Call Analyst:
FCMN Contact:

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080325/CLTU023
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com

Source: myPhotopipe.com, Inc.

CONTACT: L. Douglas Keeney, CEO of myPhotopipe.com, Inc.,
+1-502-419-5837, dougk@myphotopipe.com; or Investor Relations Counsel,
R. Jerry Falkner, CFA of RJ Falkner & Company, Inc., +1-830-693-4400,
info@rjfalkner.com, for myPhotopipe.com, Inc.

Web site: http://www.myphotopipe.com/


Profile: International Entertainment

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