Eastman Kodak Co.'s Competitors Will Be ``Sick With Envy'' Forewarns Photo Industry Expert.IRVINE, Calif.--(BUSINESS WIRE)--July 12, 1999-- "Time is up. We have a winner. It's Kodak," reports Mitchell Goldstone gold·stone n. An aventurine with gold-colored inclusions. Noun 1. goldstone - aventurine spangled densely with fine gold-colored particles , president of Irvine-based 30 Minute Photos Etc. "Coupling traditional film with electronic imaging technologies is energizing energizing, adj giving energy to; revitalizing; rejuvenating. the photographic industry. The Eastman Kodak Co. (NYSE NYSE See: New York Stock Exchange :EK) and its digitization dig·i·tize tr.v. dig·i·tized, dig·i·tiz·ing, dig·i·tiz·es To put (data, for example) into digital form. dig strategy is ushering the industry and getting raves from customers and picture-takers alike. By dedicating themselves to returning the photo industry pioneer to its former champion status, even Kodak's employees are winners and will cheer this encouraging news," said Goldstone. Based on the results encountered at 30 Minute Photos Etc., the California photo retail center expects loud celebrations throughout Kodak and at its headquarters in Rochester, N.Y. "Did you know that 97 percent of all snapshots go from the film box to the shoe box?" questioned Goldstone. Only 3 percent are converted to additional sales. Goldstone is seeing exponential 1. (mathematics) exponential - A function which raises some given constant (the "base") to the power of its argument. I.e. f x = b^x If no base is specified, e, the base of natural logarthims, is assumed. 2. change and vast new revenue centers ever since his photo business went online linking Kodak's PictureMarker to the Internet. His customers instantly do magic with their prints and enlargements without negatives and then upload it to their private account on the Internet via Kodak's PhotoNet Online. Then people can download the images anywhere to make high quality prints and order all other types of related merchandise. The other new Kodak products enable film to instantly be converted and saved on Kodak's Picture Disc (floppies), Kodak's Picture CD (compact discs) and uploaded to Kodak's PhotoNet Internet site to share images around the world. Just as fast as "second-set-of-prints" are ordered, customers are adding these products to their purchases and receiving it within 30 minutes. Beyond reprints, they are ordering a variety of additional new products which are creating a financial success and happy customers. "We are seeing vast incremental Additional or increased growth, bulk, quantity, number, or value; enlarged. Incremental cost is additional or increased cost of an item or service apart from its actual cost. sales improvements since acquiring the on-site system," noted Goldstone. Suggestive sug·ges·tive adj. 1. a. Tending to suggest; evocative: artifacts suggestive of an ancient society. b. selling and customer awareness are delighting picture-takers with new products unimaginable just months ago. They are adding to their purchases by also ordering their photographs and digital prints on floppies, compact discs and uploading it to the Internet with on-site, 30 minute service. Sharing photos from a vacation or the birth of a child is fast, easy and fun. Nearly three-quarters of Goldstone's customers' orders (74 percent) include some type of added purchase, a result foreign to an otherwise lackluster lack·lus·ter adj. Lacking brightness, luster, or vitality; dull. See Synonyms at dull. Adj. 1. lackluster - lacking brilliance or vitality; "a dull lackluster life"; "a lusterless performance" industry. "While some marginal photographic businesses are encroaching on flimsy business models, Kodak is charmed with a truehearted success story. Other manufacturers and processors have veered to embark on commodity-based or even entirely free pricing strategies There are many ways in which the price of a product can be determined. The following are the foremost strategies that businesses are likely to use. Competition-based pricing Setting the price based upon prices of the similar competitor products. to growing their market share. But everyone loses, especially consumers. They can get inferior products and are drawn in by fictitious Based upon a fabrication or pretense. A fictitious name is an assumed name that differs from an individual's actual name. A fictitious action is a lawsuit brought not for the adjudication of an actual controversy between the parties but merely for the purpose of loss-leader strategies from companies that eventually will have to show sales, profits and offer quality products," cautioned Goldstone. The advent of amateur photography began with the slogan: "You push the button, Kodak does the rest." But, Kodak founder George Eastman never expected that consumers would press a button to send their compressed photos via a computer. If you have a computer and you like to take photos, you'll love these new Kodak products that are available at 30 Minute Photos Etc., and other locations around the county. Kodak, PictureMaker, PictureCD and PictureDisc are registered trademarks of The Eastman Kodak Co. (NYSE:EK); PhotoNet is a trademark of PictureVision Inc. 30 Minute Photos Etc. is a trademark of Photos Etc. Corp. More info: 30minphotos@home.com. Visit the Web site at: http://members.home.net/30minphotos Note to editors: Refer to related 30 Minute Photos Etc. BW release from June 16, 1999; for more info. and faxed copy call: 949/474-0120, or e-mail: 30minphotos@home.com. On-site demonstration and free samples are available for accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. media. |
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