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Old June 2nd, 2004, 08:21 PM
Tim L. Walker's Avatar
Tim L. Walker Tim L. Walker is offline
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PhotoWorks Announces Acquisition of PhotoAccess

Article: PhotoWorks Announces Agreement to Acquire PhotoAccess Technologies, Online Photography Technology Leader

Summary: PhotoWorks ( www.photoworks.com ) Inc., a leading provider of digital and film photography services, announced that it had agreed in principle to acquire substantially all of the assets of PhotoAccess Technologies Corp. in exchange for 1.2 million shares of PhotoWorks common stock and the assumption of approximately $150,000 in liabilities. The transaction will broaden PhotoWorks' revenue and customer base, while providing superior digital technology and a talented team of engineers with unrivaled expertise in software development and photo color management. Headquartered in Seattle, privately-funded PhotoAccess provides online digital camera photofinishing solutions for approximately 20,000 consumers and 200 business customers including retailers, professional photographers and newspapers.

Question: Has anyone used Photoworks in the past? I'm sure this merger/buy-out will help their market positioning, but can they now compete with some of the industry leaders? Are they now considered one of the industry leaders?
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