FilmLoop Secures $7 Million Investment; ComVentures Leads Investment To Support FilmLoop's Continued Growth.

PALO ALTO, Calif. -- FilmLoop, Inc., a provider of free software that enables people and businesses to broadcast, find, and share digital images, today announced that it has secured $7 million in series B funding. As part of this agreement, ComVentures partner Roland Van de Meer will join FilmLoop's Board of Directors.

FilmLoop, a company that has grown to over 400,000 users since its launch in November 2005, will use the funding to further develop its cutting edge photocasting technology and self-publishing tools, and grow its network through partnerships with global brands looking to deliver content through Direct-to-Desktop (D2D) marketing channels.

"This round of funding validates the FilmLoop Player as the standard in photocasting technology as well as our leading position in the growing market for Direct-to-Desktop self-publishing tools," said Kyle Mashima, CEO of FilmLoop. "We're thrilled by the prospect of leading the way in this new space and look forward to continuing to provide individuals and global brands with a unique way to deliver personal content directly to the desktop."

In the first four months since FilmLoop went live in November 2005, the company has established itself as the standard in photocasting technology. FilmLoop players have already uploaded more than 18 million images and more than 760 thousand Loops have been created.

"We're constantly looking to invest in companies that are defining the new era of communications," said Roland Van de Meer, Partner of ComVentures. "With its leading photocasting technology and industry partnerships, FilmLoop is strategically placed to harness the tremendous commercial value in self-publishing by offering a Direct-to-Desktop application."

A primary driver of FilmLoop's growth has been its content partnerships. FilmLoop is building a network of interesting and entertaining content delivered right to the desktop with key industry leaders such as eBay, HP, Purina/Nestle, TBS (Turner Broadcasting System), Atlantic Records, MovieWeb, iStockPhoto, the Photo Marketing Association International, Toyota, the World Picture Network, and Photobucket, the largest online image hosting and publishing site. To see the full breadth of FilmLoop content, please visit http://network.filmloop.com.

About FilmLoop Inc.

FilmLoop is a Direct-to-Desktop (D2D) photo broadcasting ("photocasting") network. It's free software that lets users broadcast, find, and share digital images directly from the desktop. For businesses, FilmLoop is a direct, real-time channel to millions of consumers' desktops. For consumers, FilmLoop offers a personalized media experience, a simple way to self-publicize, and an instant way to share photos with an entire social network, and have everyone get involved. With a one-click drag and drop interface, consumers can share their digital photos without needing to log in to a Website and upload images. Plus, when consumers invite others into their Loop, everyone can add their photos to the same Loop, making the product a unique tool for collaborative events.

Privately held, FilmLoop was founded in 2004 by Silicon Valley veterans Kyle Mashima and Prescott Lee. As Vice President of Strategic Development at Adobe (Nasdaq:ADBE), Mr. Mashima was responsible for directing corporate strategy, mergers and acquisitions and alliances. Mr. Lee is the former CEO and co-founder of eCircles.com, a pioneering community website that grew to 3 million users before being sold. FilmLoop's seasoned management team covers experience in industries ranging from software development and wireless communications to digital media, e-commerce, advertising and investment banking.

More information about FilmLoop can be obtained at http://www.filmloop.com.

About ComVentures

ComVentures (www.comventures.com) is a venture capital firm strategically investing in the companies that are defining the new era of communications-from Internet and mobile applications down through the underlying infrastructure. With $1.5 billion under management, ComVentures' partners have invested in more than 100 companies. Current investments include: Firefly Mobile, Fabrik, MarketTools, Zantaz, Azul, Caymas Systems, FyreStorm, OpSource, Vyatta and FilmLoop. Prior investments include SiteSmith (acquired by MFN), Broadcom (NASDAQ:BRCM), Arbinet (NASDAQ:ARBX), Chromatis (acquired by Lucent Technologies), P-Cube (acquired by Cisco Systems), Intruvert Networks (acquired by McAfee), Kagoor Networks (acquired by Juniper Networks) and Monterey (acquired by Cisco Systems).