PhotoChannel Networks, Inc. has a simple idea – to provide technology and utilize telecommunications infrastructure to bridge consumer ordered content with retailers that have on demand manufacturing capabilities for the production of merchandise in real time. Technology brings them all together to create an incredible gateway for on-demand consumer transactions. A “One-Stop-Shop” approach to the planning, developing, executing and measuring their online transactions. Customers include marketing services, prepaid card programs and creative and design services.
PhotoChannel posted some highlights of the 4th qtr numbers, which will be fully filed on December 15, 2008. Total orders handled during the quarter increased 184 percent over fourth quarter 2007 and increased 59 percent over third quarter 2008. The addition of some new business partners has expanded PhotoChannel’s reach into the market. Those partners include Costco USA, SAM’s Club USA, Loblaw Companies, Kodak China, Hallmark U.K, Myer Pty Ltd. among others.
“We are very pleased with the progress that the Company has made over this past fiscal year,” says Kyle Hall, Chief Executive Officer of PhotoChannel. “Although the economy has slowed and consumer confidence is being reported to have reached record lows, we are continuing to see strong growth in our sector. We are confident this will result in significant revenue growth and transaction volumes during fiscal 2009.”
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