|PANTELLIC SOFTWARE ANNOUNCES ACQUISITION OF PHOTOPOINT.COM WEB SITE|
Top Photo Sharing Website Continues Under New Ownership
Halifax, Nova Scotia – July 17, 2001 - Pantellic Software Inc., the original creator of PhotoPoint.com, the most popular photo sharing website in the world, has acquired the PhotoPoint.com web site from Sherwood Partners, Inc. (www.shrwood.com), the Assignee for PhotoPoint Corp (USA). The PhotoPoint.com site will continue under the new management, ensuring that members will have ongoing access to their personal photo albums.
“It’s very exciting for us to have the rights to PhotoPoint.com, but it’s pretty much business as usual since we’ve been operating the site on contract all along,” says Dale Gass, CEO of Pantellic. “Making PhotoPoint.com the best place in the world to store and share your photos continues to be our number one goal.”
PhotoPoint Corp. (USA) acquired the PhotoPoint.com web site in 1999. Since that time, Pantellic has performed the development and hosting of PhotoPoint.com, while PhotoPoint Corp was responsible for business development, sales and marketing. These functions will now be handled exclusively by Pantellic, who will be retaining the services of some of the former PhotoPoint Corp employees and maintaining many of its partners.
“Our plan is to build on the strong relationships that PhotoPoint Corp has established with companies like Sun MicroSystems and Epson America, while forging new partnerships and allegiances to continue the ongoing success of PhotoPoint.com,” says Gass.
Gass says the management team at Pantellic plans many new features and services that members have been requesting. “Pantellic is very member-oriented; our greatest asset is our members. We’ll be working diligently to make sure they’re happy in the months and years ahead.”
PhotoPoint.com is the leading photo site in the world. Its 1.6 million members have stored over 40 million photos, adding 100,000 more each day. The site provides secure online albums where members can store, arrange and enhance their photos, and easily share them with friends and family. PhotoPoint.com members can send their photos as online postcards, invite friends to view their albums online, or order prints, cards and other items in the secure MarketPlace. The site contains a fully searchable photo gallery, the PhotoPoint Magazine of photography tips and tricks, and public forums where members can share ideas on photography, digital imaging and photo sharing.
About Pantellic Software
Pantellic Software Inc. builds online photo services for businesses and also owns and operates PhotoPoint.com, the world's most popular photo site for consumers, according to PC Data, Media Metrix and Nielsen//NetRatings. A privately held company based in Halifax, Nova Scotia, Pantellic has a state of the art internet hosting facility and over 50 highly skilled employees.