OFOTO TO PROVIDE ONLINE PHOTOGRAPHY SERVICES FOR NBCI PHOTO CENTER SAN FRANCISCO AND EMERYVILLE, Calif. - March 6, 2001 - NBC Internet Inc. (Nasdaq: NBCi), a leading Internet portal company that brokers information, commercial and entertainment transactions, today announced it has chosen Ofoto, Inc. (http://www.ofoto.com) to provide the online photography services for NBCi's Photo Center. Visitors to the co-branded NBCi Photo Center (http://nbci.ofoto.com) can now upload and store their digital images to private online albums at Ofoto, get creative with custom editing and enhancing tools, share their pictures with family and friends and order quality prints, enlargements, photo cards and other merchandise with the click of a mouse.
"Sales of digital cameras are exploding and we are excited about giving our members the ability to store, share and get prints from their digital camera at our site," said Josh Mailman, VP, NBCi Direct Response and Commerce Group. "This easy-to-use service from Ofoto provides our members with high-quality prints and merchandise."
The digital service launches today, and gives users access to unlimited secure storage of their digital images and an easy to use application for uploading images from a digital camera. NBCi members will receive up to 125 free prints for joining and will be able to create online photo albums to share with friends and family. Special features that allow users to create enlargements and wallet-size prints, make custom borders and do one-click cropping can be accessed from the site. In addition, users can purchase photo-related products such as frames, calendars and custom-printed photo cards. The two companies plan to offer online film service to customers within the next two months.
"We're excited to spread the word to NBCi's millions of users about all the great things people can do once their photos are online," said Dave Geary, VP, Business Development, Ofoto, Inc. "NBCi is the premier brand for entertainment and there's nothing more fun than getting creative with your pictures, particularly when it's so easy to share that creativity with the important people in your life."
About Ofoto, Inc. Ofoto, Inc. (www.ofoto.com) is an online photography service offering digital and film processing, top quality prints, private online image storing and sharing, editing tools and framing and other services. Founded in July 1999, Ofoto runs its own state-of-the-art digital-photo lab and offers 24-hour customer support. Ofoto services are also available through partner sites such as Amazon.com, Corbis, Excite@Home, Getty Images, HP, Intel, PhotosToGo and Sony's ImageStation. Based in Emeryville, California, Ofoto is run by an experienced team of owner-managers and is a privately held company with funding from Apple Computer, The Barksdale Group, Benchmark Capital Partners, HP, Index Ventures and the Rosewood Venture Group.
About NBC Internet, Inc. NBC Internet, Inc. (NBCi) is a leading Internet company that helps consumers access Internet resources, leveraging user data to broker information, commercial, and entertainment transactions between consumers and marketing partners. NBCi's flagship consumer Internet portal, NBCi.com, provides Internet search and directory, information, community, personal file storage, e-commerce, and entertainment services for both narrowband and broadband users.
NBCi was launched in November 1999 through the combination of NBC and CNET's Snap.com, Xoom.com, NBC.com, NBC Interactive Neighborhood, VideoSeeker, and a 10 percent equity stake in CNBC.com. NBC Internet publicly trades under the ticker NBCI on The Nasdaq Stock Market(R). NBC, a subsidiary of General Electric Company (GE), holds a 38.6 percent ownership stake in NBCi. NBCi is headquartered in San Francisco and has offices in New York City, Los Angeles, and Chicago.
This press release contains statements that are forward-looking, including statements related to its operating costs and revenues. These statements are based on NBCi's expectations of its future results as of the date of this press release. Actual results may differ materially from those projected because of a number of risks and uncertainties, including those listed from time to time in NBC Internet Inc.'s SEC reports, including but not limited to NBCi's Quarterly Reports on Form 10-Q for the periods ended March 31, 2000, June 30, 2000, and September 30, 2000 and the Registration Statements on Form S-4 and Form S-1 filed by NBC Internet, Inc., as amended. Important factors that could cause the results to differ materially from those in any such forward looking statements include: NBCi's limited operating history; unpredictability of its quarter-to-quarter results; its unproven business model and dependence on members; risks associated with its international operations; its reliance on a network infrastructure; its dependence on vendors and suppliers; management of its growth and expansion; risks associated with brand development; its reliance on advertising revenue; intense competition with other Web communities and businesses; the risks of infringement of intellectual property rights; risks associated with acquisitions; and reliance on strategic relationships.
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