News Releases
Cinemage Fills In Alpha Install Base
Vancouver, BC (25 October 04) - Edgar Froese, President and CEO of Cinemage Corporation is pleased to announce that the Company is rapidly filling in its targeted Alpha Install Base of Print-Stations for its Prints-On-Demand service.
"We set out to install six to ten of our Print-Stations to verify and refine our business model", said Froese "and to establish a distributed base from which we could evolve our network of Dealers. With four installed and the Company in advanced discussions with four others, we are well on our way!"
The company has launched a five-year plan to put its newly developed Prints-On-Demand workstations into hundreds of framing shops, poster shops, fine art galleries, and museum gift shops across North America. The workstations will make it possible for people to walk into a shop, browse through Cinemage's growing online offerings of fine and decorative art, and instantly print the pictures on whatever stock they want -- glossy, matt, heavy textured art paper, or canvas. Then they can take the print right home or leave it for a day or two to be matted, mounted and framed by the Dealer.
Customers can also walk in with their own family pictures or vacation photos and have them turned into frameable wall-sized prints or decorative portraits.
"Our sale to Tim Thurston of Fast Frames (Calgary) Ltd. got our program off to a rapid start", said Froese. "Since then installations at Emile's Custom Framing in Kelowna, Picture Perfect in Grande Prairie, and Framing and Art Centre in Medicine Hat have given us a strong regional presence in Western Canada. With negotiations in Vancouver, Vernon, Prince George and Edmonton expected to close shortly, we will be well positioned for our next stage of development."
The Company plans to roll out its Retail Display Stations next, creating a Beta Install Base of order entry systems that refer the actual printing to an established Print Centre operating a Cinemage Print-Station. Based on a powerful Internet attached computer in a very compact case, with only a high resolution LCD display and keyboard attached, the system has a small footprint that can fit onto retail counters and into small display areas in high traffic locations where rental cost are prohibitive for larger Print-Stations.
"We discovered there was a natural two-tiered model to the market", said Froese. "Framing shops that have the crafts skills needed to operate our Print-Stations are often located outside of high retail traffic areas because of the larger floor space requirement for matting and framing operations. On the other hand, high traffic retailers often don't want to give up the floor space needed for a Print-Station because of high space rental costs in their area, so we developed a Retail Order Station from which a customer can browse our FineArtPrints service, make a selection and place an order for remote printing and shipping."
Located at www.fineartprints.ca, the Company's Fine Art reproduction service makes locating that perfect picture as easy as a computer search of an Internet digital gallery. Once located the selected image can be directly printed on print-stations located in framing shops and galleries on fine art papers or canvas, for immediate mounting, matting and framing.
Cinemage trades on the TSX Venture Exchange under the symbol "CIG". The company's Cinemage software system is currently used by numerous stock photographers and agencies to exhibit their collections to an international market, and is also being used to manage the collections of a number of archives in Western Canada.
THE TSX VENTURE EXCHANGE INC. HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This News Release contains certain "Forward-Looking Statements". All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially
from those anticipated in such statements.
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© 2004 The ACT Cinemage Group
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