|OFOTO TO PROVIDE ONLINE PHOTOGRAPHY SERVICES FOR NBCI PHOTO CENTER|
SAN FRANCISCO AND EMERYVILLE, Calif. - March 6, 2001 - NBC Internet Inc.
(Nasdaq: NBCi), a leading Internet portal company that brokers information,
commercial and entertainment transactions, today announced it has chosen
Ofoto, Inc. (http://www.ofoto.com) to provide the online photography
services for NBCi's Photo Center. Visitors to the co-branded NBCi Photo
Center (http://nbci.ofoto.com) can now upload and store their digital images
to private online albums at Ofoto, get creative with custom editing and
enhancing tools, share their pictures with family and friends and order
quality prints, enlargements, photo cards and other merchandise with the
click of a mouse.
"Sales of digital cameras are exploding and we are excited about giving our
members the ability to store, share and get prints from their digital camera
at our site," said Josh Mailman, VP, NBCi Direct Response and Commerce
Group. "This easy-to-use service from Ofoto provides our members with
high-quality prints and merchandise."
The digital service launches today, and gives users access to unlimited
secure storage of their digital images and an easy to use application for
uploading images from a digital camera. NBCi members will receive up to 125
free prints for joining and will be able to create online photo albums to
share with friends and family. Special features that allow users to create
enlargements and wallet-size prints, make custom borders and do one-click
cropping can be accessed from the site. In addition, users can purchase
photo-related products such as frames, calendars and custom-printed photo
cards. The two companies plan to offer online film service to customers
within the next two months.
"We're excited to spread the word to NBCi's millions of users about all the
great things people can do once their photos are online," said Dave Geary,
VP, Business Development, Ofoto, Inc. "NBCi is the premier brand for
entertainment and there's nothing more fun than getting creative with your
pictures, particularly when it's so easy to share that creativity with the
important people in your life."
About Ofoto, Inc.
Ofoto, Inc. (www.ofoto.com) is an online photography service offering
digital and film processing, top quality prints, private online image
storing and sharing, editing tools and framing and other services. Founded
in July 1999, Ofoto runs its own state-of-the-art digital-photo lab and
offers 24-hour customer support. Ofoto services are also available through
partner sites such as Amazon.com, Corbis, [email protected], Getty Images, HP,
Intel, PhotosToGo and Sony's ImageStation. Based in Emeryville, California,
Ofoto is run by an experienced team of owner-managers and is a privately
held company with funding from Apple Computer, The Barksdale Group,
Benchmark Capital Partners, HP, Index Ventures and the Rosewood Venture
About NBC Internet, Inc.
NBC Internet, Inc. (NBCi) is a leading Internet company that helps consumers
access Internet resources, leveraging user data to broker information,
commercial, and entertainment transactions between consumers and marketing
partners. NBCi's flagship consumer Internet portal, NBCi.com, provides
Internet search and directory, information, community, personal file
storage, e-commerce, and entertainment services for both narrowband and
NBCi was launched in November 1999 through the combination of NBC and CNET's
Snap.com, Xoom.com, NBC.com, NBC Interactive Neighborhood, VideoSeeker, and
a 10 percent equity stake in CNBC.com. NBC Internet publicly trades under
the ticker NBCI on The Nasdaq Stock Market(R). NBC, a subsidiary of General
Electric Company (GE), holds a 38.6 percent ownership stake in NBCi. NBCi
is headquartered in San Francisco and has offices in New York City, Los
Angeles, and Chicago.
This press release contains statements that are forward-looking, including
statements related to its operating costs and revenues. These statements
are based on NBCi's expectations of its future results as of the date of
this press release. Actual results may differ materially from those
projected because of a number of risks and uncertainties, including those
listed from time to time in NBC Internet Inc.'s SEC reports, including but
not limited to NBCi's Quarterly Reports on Form 10-Q for the periods ended
March 31, 2000, June 30, 2000, and September 30, 2000 and the Registration
Statements on Form S-4 and Form S-1 filed by NBC Internet, Inc., as amended.
Important factors that could cause the results to differ materially from
those in any such forward looking statements include: NBCi's limited
operating history; unpredictability of its quarter-to-quarter results; its
unproven business model and dependence on members; risks associated with its
international operations; its reliance on a network infrastructure; its
dependence on vendors and suppliers; management of its growth and expansion;
risks associated with brand development; its reliance on advertising
revenue; intense competition with other Web communities and businesses; the
risks of infringement of intellectual property rights; risks associated with
acquisitions; and reliance on strategic relationships.