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PhotoChannel Networks Inc. Financing Over-SubscribedVANCOUVER, BC – September 19, 2005 – PhotoChannel Networks Inc. (TSX-V:
PNI and OTCBB:
PHCHF) (“PhotoChannel” or the “Company”), one of North America’s leading digital imaging technology providers, today announced it has filed its previously announced financing of June 27, 2005 with the TSX Venture Exchange (the “TSX-V”) for acceptance. The private placement was over-subscribed and now will close at $1,995,000 with the issuance of 24,937,500 units, subject to TSX-V approval. About PhotoChannel Founded in 1995, PhotoChannel has created and manages the open standard PhotoChannel Network environment. The PhotoChannel Network is currently utilized by major photofinishing retailers and wireless carriers to provide their consumers with online image printing and picture messaging services. There are more than 8,000 retail locations worldwide accepting print orders from the PhotoChannel Network. For more information on the Company visit www.photochannel.com. |
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Copyright © 2006 PhotoChannel
Networks, Inc. All Rights
Reserved. 
