myPhotopipe.com, Inc. Reports Record Fourth Quarter Revenues
Revenues Increase 18.8% in December and 8.5% in Fourth Quarter
ATLANTA, Feb. 3 /PRNewswire-FirstCall/ -- myPhotopipe.com, Inc. (Pink Sheets: MPPC), a web-based online provider of digital photo processing, photo finishing, photo-sharing, and related services, today announced preliminary results for the quarter ended December 31, 2009.
Revenues increased 8.5% to $512,466 in the fourth quarter of 2009, compared with $472,415 in the three months ended December 31, 2008. December revenues rose to $216,109, versus $181,855 in the prior-year month, for a gain of 18.8%.
This represents the fourth consecutive month of record revenues and the sixth consecutive month of year-over-year revenue improvement since the Company overhauled its management team, marketing initiatives, and product mix. The Company believes these are noteworthy accomplishments, particularly in a down economy.
The number of packages shipped, a key Company metric, increased 33% in December versus the same month a year ago. "We believe we're beginning to realize significant benefits from of all of the changes we instituted last summer, along with a terrific customer response to our emphasis on providing a superior online experience, superior product quality, and innovative, artistic new methods of self-expression," stated Pete Casabonne, President of myPhotopipe.com, Inc. "Our new, state-of-the-art, online order tracking system, which includes thumbnails for ease of order review, has been very well received by our customers."
myPhotopipe.com launched its powerful, state-of-the-art XPRESS browser-based online ordering system in October and rolled out a version 2.0 update just after Christmas. XPRESS sharply reduces the time it takes to organize, edit, and upload digital images, while offering a suite of fail-safe triggers that warn customers if an image is not suited to a particular size print, or if it crops in an awkward manner.
"XPRESS is simply the best, most intuitive and fastest web-based photo ordering system on the market today," observed Robert Quick, Chief Executive Officer of the Company. "It is as fast as a Ferrari and hauls like a Freightliner! We invite investors and others who read this news release to go to our web site at www.myphotopipe.com and give XPRESS a try. It smokes anything else in the business! We are confident that it will play a vitally important role in the strong growth we anticipate in 2010."
About myPhotopipe.com, Inc.
myPhotopipe.com, Inc. is a web-based online provider of digital photo processing, photo finishing, photo-sharing, and related services. The Company's unique blend of 1000 print options, combined with manual print inspections and professional color management, have positioned myPhotopipe.com as one of the fastest-growing providers of digital photography services for professionals and serious amateurs.
The Company is headquartered in Atlanta, Georgia, and its common stock is listed on the OTC Pink Sheets under the symbol "MPPC". Additional information is available on the Internet at www.myPhotopipe.com.
"Safe Harbor" Statement
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934, and is subject to the safe harbor created by those sections. The forward-looking information is based upon current information and expectations regarding myPhotopipe.com, Inc. These estimates and statements speak only as of the date on which they are made, are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results could materially differ from what is expressed, implied or forecasted in such forward-looking statements.
myPhotopipe.com, Inc. assumes no obligation to update the information contained in this press release. myPhotopipe.com, Inc.'s forward-looking statements in this press release and future results may be materially impacted by any number of factors, any or all of which could have a negative impact on sales, operating results, financial and budgetary constraints. The statements made herein are independent statements of myPhotopipe.com, Inc. The inclusion, if any, of any third parties does not represent an endorsement of any myPhotopipe.com, Inc. products or services by any such third party.
For further information contact Robert E. Quick, Jr. at [email protected] or 480-614-2221, or visit the Company's Web site at www.myphotopipe.com.
SOURCE myPhotopipe.com, Inc.
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