Club Photo Receives $2 Million in First Round Venture Financing From Indosuez Ventures.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--June 8, 1999-- Industry's Only Comprehensive Online Photo Sharing Photo sharing is the publishing or transfer of a user's digital photos online, thus enabling the user to share them with others (whether publicly or privately). This functionality is provided through both websites and applications that facilitate the upload and display of images. and Finishing Community Expected to Continue Tremendous Growth Club Photo Inc. today announced that it has closed its first round of strategic financing with Indosuez Ventures. The investment endorses Club Photo's online strategy to redefine Verb 1. redefine - give a new or different definition to; "She redefined his duties" define, delimit, delimitate, delineate, specify - determine the essential quality of 2. how people share and reprint reprint An individually bound copy of an article in a journal or science communication their pictures. The site, at www.clubphoto.com, launched in December of 1998 and has already become a leader in redefining the photo sharing and finishing models of the 21st century. Alexis Gerard, executive editor of The Future Image Report, a leading digital imaging industry newsletter based in San Mateo San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , Calif., stated, "With the rapid growth of digital cameras, scanners and film-to-digital processing, online photo sharing is emerging as a tremendous market opportunity and is expected to become a major part of the digital lifestyle. Club Photo is delivering the ability to unite friends and family over the Internet, lowering the geographic barriers that have traditionally hindered the sharing of memorable photos and symbolic events." "Indosuez Ventures recognizes the overall potential for online photo sharing and we chose Club Photo because it offers a true photo sharing and finishing experience," said Dr. David E. Gold, founding manager and general partner of the Indosuez Ventures. "Club Photo's comprehensive, and easy to use, approach is solving a problem that the industry has been faced with since the advent of photography -- how do we share entire events quickly and easily with friends and family around the world? We expect Club Photo to cultivate and lead this new paradigm New Paradigm In the investing world, a totally new way of doing things that has a huge effect on business. Notes: The word "paradigm" is defined as a pattern or model, and it has been used in science to refer to a theoretical framework. ." "As an avid family photographer, I searched for alternative ways to easily share my pictures with friends and family. Unless I had extra time to reprint my pictures and mail them individually, or the bandwidth and patience to e-mail attachments A file that rides along with an e-mail message. The attached file can be of any type. E-mail programs make it easy to attach a file. For example, in Eudora, all you do is select Attach from the Message menu, browse through the folder hierarchy to find the file you want and then double , or the technical savvy to design and build Web pages, I would manually build photo albums and store them until I had visitors," said Andrew Wei, president of Club Photo Inc. "This is a real problem that exists globally and the partnership between Indosuez and Club Photo is enabling us to rapidly redefine and simplify the future platform for how people develop, share, and print their pictures." Through its innovative software and Internet-based model, Club Photo offers users the ability to organize their images in a drag-and-drop environment, annotate annotate - annotation their pictures with text, voice and/or video. Then, with a couple clicks of the mouse, the system automatically performs the sharing tasks and uploads the albums to a private photo Web site. The software and photo Web sites are complimentary to members, creating a global community for everyday people and professional photographers to share, view and order prints and photo-related goods at "one" site. About Indosuez Ventures Indosuez Ventures is a private venture capital firm which manages three funds, the Suez Technology Fund, STF STF Supremo Tribunal Federal STF Summary Tape File (US Census) STF Special Task Force STF Svenska Turistföreningen STF Saskatchewan Teachers Federation STF Save the Tiger Fund STF Sony Talk Forum II and STF III, comprising in excess of $100 million in committed capital. The company is an affiliate of Suez Industrie, which is traded on the Paris Stock Exchange with a market cap in excess of $10 billion. About Club Photo Inc. Club Photo Inc. delivers award-winning digital photo organizing, sharing and personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. finishing solutions with its Living Album software and Club Photo Network. It provides intuitive, easy and powerful tools to make it possible for casual and professional photographers to create, organize, archive, or share memorable images. Personalized finished products or gift offerings can be purchased online, on demand. Club Photo is located at 650 Saratoga Avenue, San Jose, Calif. and can be reached at 408/557-6845 or www.clubphoto.com. |
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