myPhotopipe.com Reports Record September Revenues, Record Third Quarter Revenues
myPhotopipe.com Reports Record September Revenues, Record Third Quarter Revenues
ATLANTA, Oct. 8 /PRNewswire-FirstCall/ -- myPhotopipe.com, Inc. (Pink Sheets: MPPC) today announced record revenues for the month of September and the third quarter of 2009.
For the three months ended September 30, 2009, revenues totaled $411,499, which represented an increase of 2.7% when compared with sales of $400,484 in the third quarter of the previous year. Revenues for the month of September 2009 increased 17.6% to $136,638, compared with $116,096 in September 2008.
myPhotopipe.com attributes much of its recent growth to initiatives that were set into motion approximately 80 days ago, including the Company's launch of an all-new online ordering platform with enhanced digital technologies, its entry into photo gifts through a previously announced partnership with IYP, and a sharp increase in the Company's marketing cycle. The Company now maintains a flow of product information, special promotions, and news regarding educational workshops to its customers on a weekly basis versus a monthly basis in the past, reflecting the pace of the Internet and the rapidly evolving nature of online digital photo media.
"This is exactly where we hoped to be," observed myPhotopipe.com's Chief Financial Officer, Bill LeRoy. "We came in three months ago to supercharge this company. We wanted to quicken the marketing pace, broaden the product line, and roll-out technologies that made the online experience faster and easier. We had our first indication that we were moving the needle in the right direction when our August sales set record levels. An even stronger September allowed us to record a successful third quarter and let us know that we're on to something here. We think the digital photo space -- particularly the professional segment -- is entering a growth phase similar to what online music enjoyed several years ago, and our recent revenue growth suggests that we are well-positioned to be a major player in this space."
The Company expects to report its full operating results for the third quarter and first nine months of 2009 within the next several weeks.
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
First Call Analyst:
FCMN Contact:
Source: myPhotopipe.com, Inc.
CONTACT: Robert E. Quick, Jr., CEO of myPhotopipe.com, Inc.,
+1-480-607-5750, Ext. 10, BQuick@myphotopipe.com; or RJ Falkner & Company,
Inc., Investor Relations Counsel, +1-830-693-4400, info@rjfalkner.com, for
myPhotopipe.com, Inc.
Web Site: http://www.myphotopipe.com/
Profile: International Entertainment
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