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PhotoChannel Releases 2nd Quarter FinancialsRecord Revenue for the 6 months ending March 31, 2007VANCOUVER, BC – May 30, 2007, PhotoChannel Networks Inc. (TSX – V: PN; OTCBB: PNWIF) (“PhotoChannel” or the “Company”), the leading innovator in online media solutions for retailers, reports its financial results for the six month period ending March 31, 2007. The following discussion is qualified in its entirety by reference to the company’s financial statements and accompanying management discussion and analysis for the six months ended March 31, 2006, which are accessible on SEDAR at www.sedar.com. During the first six months, the Company saw continued year over year growth from its retail partners’ online photofinishing offerings. The Company believes this will continue throughout 2007, as retailers attempt to maintain and increase their market share in this new consumer offering. The marketplace, where PhotoChannel provides one of the dominant online solutions for photofinishers, continues to accelerate rapidly. The unique features of the new PNI Digital Media Platform, such as the up-sell to higher margin items, is providing retailers with opportunities to expand their service capabilities to their consumers. “PhotoChannel is pleased to report the strongest six months in its history, as we continue to experience triple digit transaction revenue growth year over year” states Peter Fitzgerald, Chairman and CEO of PhotoChannel. “During the first six months the Company invested, both time and money, on the development of the new PNI Digital Media platform, which now can offer both a best in class photo and music site experience for our retailers and their customers. With this new platform we continue to be fully committed to our photo offering and customer base, as we recognize that we can now compete with anyone in the world. We hope with the launch of our new music offering that we will further differentiate ourselves from our competition with the ease and ability to offer other forms of digital content. We are looking forward to the continued growth of revenues from both existing and new retailers.” Fiscal Highlights For Q2 – FY07 PhotoChannel reports:
Subsequent Events
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.photochannel.com. WARNING: The TSX Venture Exchange has neither approved nor disapproved the information contained in this release. PhotoChannel relies upon litigation protection for "forward-looking" statements. Caveat The statements that are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties. PhotoChannel’s actual results could differ materially for those expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, changes in technology, employee retention, inability to deliver on contracts, failure of customers to continue marketing the online solution, competition, general economic conditions, foreign exchange and other risks detailed in the Company’s annual report and other filings. Additional information related to the Company can be found on SEDAR at www.sedar.com.
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Copyright © 2006 PhotoChannel
Networks, Inc. All Rights
Reserved. 
