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VANCOUVER, BC - October 7, 2005 - PhotoChannel Networks Inc. (TSX-V: PNI and OTCBB: PHCHF) ("PhotoChannel") reports that a director and a friendly shareholder of PNI have arranged a sale of 5,000,000 shares of PNI at a price of $0.10 per share through the facilities of the TSX Venture Exchange. The proceeds from this sale will be used to fund a private placement of up to 10,000,000 units of PNI at a price of $0.10 per unit, each such unit being comprised of one common share of PNI and one half of one non-transferable share purchase warrant, each full warrant entitling the purchase of an additional common share of PNI for a period of one year, from the date of close, at a price of $0.15. Proceeds from the private placement will be used to fund the rollout of new customers and for general working capital. The private placement is expected to close imminently, subject to regulatory approval. About PhotoChannel Investor Information: (866) 345-0115 WARNING: The TSX Venture
Exchange has neither
approved nor disapproved
the information contained
in this release. The
Company relies upon
litigation protection
for "forward-looking" statements.
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Copyright © 2006 PhotoChannel
Networks, Inc. All Rights
Reserved. 
