PhotoChannel Networks Inc. and PassAlong Networks to Launch Digital Music Service Featuring Convenient One Hour In-Store Pick Up.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Popular Online Photo Solution Diversifies with a New Tune: On-Demand, Interoperable Music Service PhotoChannel Networks Inc. ("PNI PNI Psychoneuroimmunology PNI Pacific Neuropsychiatric Institute (Seattle, Washington) PNI Pharmaceutical News Index PNI Producción Nacional Independiente (Venezuela) PNI Palestinian National Initiative " or "PhotoChannel") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :PHCHF) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE: PNI), the leading innovator in online digital media solutions for retailers, introduced in conjunction with PassAlong Networks a Digital Media Platform that provides customers with the ability to purchase digital music online and then pick up a CD of their selection(s) within one hour at a nearby retail store, as is now offered for digital photos. The new service has been requested by PNI's larger retailers and will launch later this year, providing the following features: --An enhanced, cross-media e-commerce destination --A fully-featured digital download --Ability to purchase music online, select in-store production, and pick up a customized CD within one hour at any compatible retail location --The option to download music straight to a consumer's PC --Tracking of digital rights from within a customer's online account --Customized jewel cases complete with track listings and screened CD's for orders fulfilled in-store "Only 5% of today's music sales result from digital downloads," says Dave Jaworski, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of PassAlong Networks. "If we are to grow the market, we have to make the process easier, more convenient and completely interoperable across all platforms and devices. The PhotoChannel-PassAlong Platform accomplishes this objective and will drive the digital revolution to the next tier of users." PhotoChannel's PNI Digital Media Platform currently powers the online photo solutions for many top retailers and their thousands of locations across North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , including Wal-Mart Canada Wal-Mart Canada is the Canadian unit of Wal-Mart and was founded in 1994 in Mississauga, Ontario with the purchase of the Canadian Woolco stores. Wal-Mart typically competes with Zellers, Canadian Tire, Co-Op, Giant Tiger, and Real Canadian Superstore, Costco, and increasingly , CVS/pharmacy, Eckerd Drugs and Costco Canada. The inclusion of PassAlong's technology into PNI's platform provides retailers with the opportunity to earn revenue from sales generated by a catalog of more than 1.6 million songs from artists worldwide, including exclusive live concert material powered by PassAlong's Concert-of-the-Future(TM) initiative. "We are pleased to be in a position to provide such a cutting-edge service," says Aaron Rallo, CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. of PNI. "It is a testament to our partner, PassAlong Networks, and our platform that we are in a position to bring this to market. The unique features we are delivering for our customers gives them several points of differentiation. We offer the consumer a great service and additional reasons to walk into the store." About PhotoChannel Founded in 1995, PhotoChannel operates PNI Digital Media to provide services for major retailers, wireless carriers and content providers. The PNI Digital Media Platform connects consumer-ordered digital content with retailers that have on-demand manufacturing capabilities for the production of merchandise. Currently PNI Digital Media generates transactions for retailers and their thousands of locations across North America, including Wal-Mart Canada, CVS/pharmacy, Eckerd Drugs and Costco Canada. For more information please visit www.pnidigitalmedia.com About PassAlong PassAlong Networks provides solutions that revolutionize the way people experience digital entertainment. Its B2B2C B2B2C Business to Business to Consumer technology platform - p2pREVOLUTION(TM) - includes a suite of private-label applications that enable clients to offer their customers a unique digital media experience. PassAlong-powered digital music stores provide the end-consumer with over 1.6 million licensed songs and the industry standard Passing-and-Points(TM) program. p2pREVOLUTION offers interoperability through FREEDOM(TM), which provides cross-platform, multi-format security, rights protection, and media empowerment for both content creators and content users. PassAlong's Concert-of-the-Future(TM) initiative extends the live experience beyond traditional limits, empowering fans with detailed, accurate and relevant concert notifications through OnTour(TM) and empowering venues and artists to offer exclusive, wirelessly-delivered content before, during and after an event. Founded in 2002, PassAlong Networks is privately held and based in Franklin, Tenn. For more information visit http://www.passalongnetworks.com. WARNING: The Company relies upon litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. protection for "forward-looking" statements. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has neither approved nor disapproved the information contained in this release. |
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