PRESS RELEASE: myPhotopipe.com Reports Record Start to 2010
Year-to-Date Sales Rise 3.7%, With February Revenues Up 14.1%
ATLANTA, GA--(Marketwire - March 8, 2010) - myPhotopipe.com, Inc. (PINKSHEETS: MPPC), a web-based online provider of digital photo processing, photo finishing, photo-sharing, and related services, today announced preliminary sales results for the first two months of 2010.
Revenues increased 3.7% to $214,450 through February 28, 2010, compared with $206,737 in the corresponding period of the previous year. February revenues rose 14.1% to $101,284, versus $88,776 in the prior-year month.
This represents the sixth consecutive month of record revenues and an important confirmation that the trends going into the first quarter of the year are continuing.
"Our wholesale business and online orders have remained strong, despite the impact of a stubborn recession upon the U.S. economy," stated Pete Casabonne, President of myPhotopipe.com, Inc. "While we get the sense that some discretionary photo processing may be impacted by the soft economy, on the other hand kids are still playing on baseball teams and ordering team photos, couples are still getting married, and maybe even more so now, people are decorating their homes and offices with prints of their own designs."
myPhotopipe.com serves the professional and prosumer markets for digital photographic processing, which span more than a dozen industries. Commercial customers include landscape design studios, architects, interior decorators, professional football and baseball teams, high school sports organizations, portrait photographers, entertainment venues, celebrities, modeling agencies, magazines, weddings, gallery photography, wall art, and many more. "I think it is a real plus for myPhotopipe.com to operate in so many commercial segments. We view the approximately 20,000 professional photographers who are our customers as 20,000 myPhotopipe.com salespeople," added Casabonne.
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.
"Safe Harbor" Statement
This press release contains forward-looking information 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. The forward-looking information is 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.
(First posted on Tuesday, March 9, 2010 at 14:45 EST)