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The following is an unedited press release, shown as received from the company represented. We've elected to present selected releases without editorial comment, as a way to provide our readers more information without further overtaxing our limited editorial resources. To avoid any possible confusion or conflict of interest, the Imaging Resource will always clearly distinguish between company-provided press releases and our own editorial views and content.

Snapfish's logo. Click here to visit the Snapfish website! PRESS RELEASE: Snapfish by HP Acquires Video Platform Technology from Motionbox, Inc.


PALO ALTO, Calif., July 12, 2010 – Snapfish by HP today announced an agreement to acquire the video technology platform from Motionbox, Inc., the video sharing site with over 2.8 million members worldwide. This acquisition will enable Snapfish to expand its online video offering.

"Video is a critical component of digital memory sharing today, and Motionbox's technology will enable our Snapfish customers to create great personal video memories," said Helen Vaid, General Manager of Snapfish. "With today's announcement, we are very excited to start integrating the video platform Motionbox has developed into our popular Snapfish Home Video product."

Motionbox customers will now be able to experience a seamless photo and video sharing experience as their digital assets will be in one place when they set up their Snapfish account.

"We think Snapfish's integration of the technology acquired from Motionbox will be a great way to take personal video sharing to the next level", said Josh Grotstein, CEO of Motionbox and an early backer of the Company. "Our vision has always been to make sharing personal videos as easy and affordable as sharing digital photos. No other photo sharing company is nearly as well positioned to bring our platform to a wide, global market."

Snapfish by HP is the No. 1 online personal publishing service in the world, with more than more than 85 million registered users in 22 countries and more than 10 billion unique photos stored online. The current Motionbox.com site will continue operating until August 10, 2010.

About HP
HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The world's largest technology company, HP brings together a portfolio that spans printing, personal computing, software, services and IT infrastructure to solve customer problems. More information about HP (NYSE: HPQ) is available at http://www.hp.com.

This news release contains forward‐looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward‐looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward‐looking statements, including but not limited to statements of the plans, strategies and objectives of management for future operations; any statements concerning expected development, performance or market share relating to products and services; any statements regarding anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include macroeconomic and geopolitical trends and events; the execution and performance of contracts by HP and its customers, suppliers and partners; the achievement of expected operational and financial results; and other risks that are described in HP's Quarterly Report on Form 10‐Q for the fiscal quarter ended January 31, 2010 and HP's other filings with the Securities and Exchange Commission, including but not limited to HP's Annual Report on Form 10‐K for the fiscal year ended October 31, 2009. HP assumes no obligation and does not intend to update these forward‐looking statements.

© 2010 Hewlett‐Packard Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein.


(First posted on Monday, July 12, 2010 at 20:01 EDT)

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