MyPhotoAlbum Inc.
FortuneCity.com Inc. Launches Online Photo Album and Content Website
Corporate-news announcement processed and sent by DGAP.
The sender is solely responsible for the contents of this announcement.
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FortuneCity.com Inc. Launches Online Photo Album and Content Website
New York, NY, July 7, 2004 – FortuneCity.com Inc. announced today that it has
launched “MyPhotoAlbum” http://www.MyPhotoAlbum.com , an exciting online service
that targets the 120 million US digital photography enthusiasts. MyPhotoAlbum is
a premium online photo gallery community that allows users to easily upload,
share and promote their photographs privately to their friends and family, or
publicly to the world.
Earlier this year, FortuneCity created and launched an informative guide to
personal digital technologies, http://www.OnlineReviewGuide.com . The website
provides a wide range of information on buying and using the latest digital
technologies, with an emphasis on the digital camera market. The guide removes
the mystery of technologies by addressing in simple “How-To” language the
questions that many users of new technologies are confronted with. The website
already generates approximately 10,000 unique viewers each day and has attracted
premier advertising partners.
MyPhotoAlbum will leverage FortuneCity’s existing base of 2,000,000 free and
subscription users and share common infrastructure with the Company’s existing
hosting services. The Company currently registers thousands of users to its
various hosting, email and domain services each month, and anticipates that a
significant number of these customers will become MyPhotoAlbum customers. Users
will be offered paid upgrades for additional storage space and bandwidth
allocations, as well as options to purchase value added services including
professional printing, custom gift printing, private domain registration, slide-
show CD ROMs and hard bound photo albums.
According to Photo Marketing Association International, by the end of 2004,
digital camera penetration in the United States will surpass 42 percent of
households, an increase of 11% frorn 2003. Research shows that new digital
camera users take more photographs than film camera users, but process fewer
printed pictures. MyPhotoAlbum solves the dilemma posed by the majority of new
digital camera users, “Now that I have digital pictures, how do I store, share
and print them?”
Peter Macnee, President and CEO of FortuneCity commented, “The intense growth
rate of the digital photography industry combined with our leadership position
in the web hosting sector since 1997, provides a tremendous opportunity for our
business. We will leverage our technology platform and operating efficiencies
that host over 2 million websites, to offer the best solution for consumers to
store, share and print digital photographs.”
end of message, (c)DGAP 08.07.2004
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WKN: 919383; ISIN: US34969P1021; Index:
Listed: Geregelter Markt in Frankfurt (General Standard); Freiverkehr in
Düsseldorf, Hannover und Stuttgart
080800 Jul 04
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