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PhotoChannel Customers Driving Usage of Online Photo Services to Record Levels VANCOUVER, BC – February 7, 2005 – PhotoChannel Networks Inc. (TSX-V: PNI and OTCBB: PHCHF) (“PhotoChannel” or “Company”), the global leader in digital imaging network technology, with over 8,000 photo retail locations worldwide, today reports the following: Network Usage In-Store Deployment I am extremely pleased with the progress that the Company has made since my arrival in September, 2004 stated Bart Copeland, President and CEO of PhotoChannel. Network Usage continued to be very strong during January, during a month that is typically very slow in the photofinishing industry. Customer Highlights Warrants Exercised The Company also reports that its has received $200,000 from the exercise of 2 million common share purchase warrants, which had an expiry date of January 22, 2005.Investor Information: (866) 345-0115 WARNING: The TSX Venture Exchange has neither approved nor disapproved the information contained in this release. The Company relies upon litigation protection for "forward-looking" statements. |
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