PhotoChannel Networks (OTC BB: PHCHF; MSE: PNI) News :: PhotoChannel Networks, Inc. (PNWIF)

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September 19, 2000

Volume III, Issue 78

Email : info@otcjournal.com
URL : http://www.otcjournal.com

To OTC Journal Members:

We have two important pieces of information to share with you today- An exciting news release from PhotoChannel (OTC BB: PHCHF) and the announcement of a Trading Alert.

Trading Alert Tomorrow After The Close

Despite the fact that market conditions continue to test our patience there are individual situations that continually come up where a short term trading opportunity exists.

Tomorrow after the close we will issue a trading alert on a stock we believe is poised to trade up over the next one to three days. Here are the parameters we have established for a trading alert:

We will issue a Trading Alert when we feel a small or microcap stock is poised for a surge in both price and volume over the next one to three days, and we will give you the reason we believe it will surge.
We will provide a two or three paragraph overview of the company's business.
We will not provide any follow up coverage on the company unless there are substantive news releases to share.
If you cannot pick up the stock fairly close to the previous day's close caution should be used. Never purchase a stock if it gaps up significantly from the previous day's close.
Always set a stop loss on these situations in the event that we are wrong, and we will be wrong occassionally. Where you set the stop loss is your choice. Many investors like to use 6% or 10%. Determine the amount of capital you are prepared to risk on the trade and sell the stock if it drops to that level. Your risk tolerance is a personal decision, and it is different for every investor.
Don't be afraid to take profits. Short term tops are signalled when the stock continues to trade high volume with no further price appreciation. This can be a good time to lock in profits. Many investors like to sell part of their position when a stock surges, holding the rest in the event the stock goes higher. You can also raise your stop loss as the stock appreciates.

If you decide to hold the stock for the longer term you are on your own. We will not continue coverage or provide updates as we do with our profiled companies.

Our membership has grown to over 400,000. It takes about 9 hours to deliver the newsletter to the entire membership. Our Trading Alert will be out by 2:00 Pacific Time tomorrow. If you don't wish to wait for it to arrive in your Inbox you can access the newsletter at this Web Address as soon as it begins going out: http://listserv.otcjournal.com/

PhotoChannel Networks (OTC BB: PHCHF; MSE: PNI) News

Today's news release from PhotoChannel Networks helps explain the recent meteoric rise in the stock price and volume.

PhotoChannel announced today that it has retained Salomon Smith Barney as its financial and strategic advisor. As we pointed out in the weekend edition this stock has been red hot recently.

Coming off a bottom of about $.50 in the US Market, the stock has risen to nearly $1.50 US over the last 10 days. It has traded millions of shares in the US, but five to ten times the volume on the Montreal Exchange where it has a dual listing. Today alone the stock has traded nearly 1 million shares on the Montreal Stock Exchange.

The stock is down today in conjunction with the news release. It is entitled to back down after such a meteoric rise. Look for the stock to take a breather for a few days and then start up again.

Their On-Line digital film developing service is scheduled to start at the end of this month. We will have more information regarding the formal launch soon. Here is the complete text of the news release for your review:

Tuesday September 19, 8:45 am Eastern Time
Press Release
SOURCE: PhotoChannel Networks Inc.

PhotoChannel appoints Salomon Smith Barney as financial and strategic advisor

VANCOUVER, Sept. 19 /CNW/ - PhotoChannel Networks Inc. (ME: PNI, OTC BB: PHCHF), an e-commerce company developing an online photo print service for digital and conventional film photographers at its online photography community located at http://www.photochannel.com, today announced that it has appointed Salomon Smith Barney Inc., a global, full-service investment banking and securities brokerage firm of New York, New York, as its financial and strategic advisor to address opportunities in the rapidly emerging global digital imaging industry.
"We are extremely pleased to announce the appointment of the global imaging industry experts at Salomon Smith Barney as financial and strategic advisors to PhotoChannel," states Geoffrey G. Briant, Chairman and CEO of PhotoChannel. "With the upcoming release of Version 2.0 of our Web site featuring PhotoChannel's e-processing service and the appointment of the World class financial and strategic advisors at Salomon Smith Barney, we are now positioned to turn to the next phase of PhotoChannel's strategic developments to be finalized and announced over the coming months."

"Salomon Smith Barney is proud to be associated with, and close to, one of the future leaders in the rapidly emerging global digital imaging industry," commented Kevin L. Thatcher, head of Salomon Smith Barney's Global Imaging Group. "We believe the depth and experience of photography industry veterans in the PhotoChannel management team, together with the complementary business and Internet experience of their management team, is unique in this fast growing global imaging sector of the Internet."

ABOUT SALOMON SMITH BARNEY

Citigroup's Global Corporate and Investment Bank brings together Citibank, the world's most global corporate bank, and Salomon Smith Barney, a leading global investment bank and securities brokerage firm. Together they provide complete financial solutions to corporations, governments, institutions and individuals in 100 countries. Award-winning businesses include corporate and investment banking services, investment advice, financial planning and commercial insurance products.

Salomon Smith Barney's 11,700 Financial Consultants located in more than 490 offices across the United States, service over 7.1 million client accounts, representing more than $1 trillion in client assets. Its growing private client international activities include 11 offices on three continents.

Citigroup (NYSE:C - news), the most global financial services company, provides some 100 million consumers, corporations, governments and institutions in 100 countries with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage and asset management. The 1998 merger of Citicorp and Travelers Group brought together such brand names as Citibank, Travelers, Salomon Smith Barney, Commercial Credit (now named CitiFinancial), and Primerica under Citigroup's trademark red umbrella. Additional information may be found at: www.Citigroup.com.

ABOUT PHOTOCHANNEL NETWORKS INC.

PhotoChannel is an e-commerce company with an online photo community at www.photochannel.com featuring online photo print services for both conventional film and digital photographers. The Fall, 2000 phase of the Company's development features "Preview and edit...THEN order prints" at www.photochannel.com.

On behalf of the Board of Directors

Geoffrey G. Briant
Chairman and CEO

Certain statements in this announcement, including statements concerning our plans, intentions and expectations, contain "forward-looking statements" within the meaning of the Securities Act of 1933 as amended. Forward-looking statements are based on the opinions and estimates of management at the time the statements are made and are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statements. These statements are not guaranties of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this announcement. Factors that could affect our actual results, include, among others, PhotoChannel's recent change in business focus, anticipated losses, unpredictability of future revenues, potential fluctuations in quarterly operating results, unproven business model, ability to make additional acquisitions, risks related to acquisitions, achieving adequate market share, brand awareness, competition, risks of maintaining and creating new business relationships, management of potential growth, risks of system interruption and risks of international operations. More information about factors that could potentially affect our actual results is included in PhotoChannel's filings with the Securities and Exchange Commission including the Form 20-F related to PhotoChannel. We undertake no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.

For further information

Corporate Information: PhotoChannel Networks Inc., Frank Gigliotti, VP Corporate Communications, Tel: (604) 893-8955, fgigliotti@photochannel.com, www.photochannel.com
Investor Information: The Investor Relations Group, Tel: (800) 444-9214, (604) 689-5255, photochannel@invrel.com, www.irgnews.com
Media Relations: Thomas PR, Karen Thomas/Gina Prescia, Tel: (631) 549-7575, kthomas@thomas-pr.com, gprescia@thomas-pr.com

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