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PNI Digital Media Corporate Update(January 05, 2012)
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/05/12 -- PNI Digital Media (TSX:PN)(OTCBB:PNDMF), ("PNI" or the "Company"), the leading innovator in online and in-store digital media solutions for retailers, provides the following corporate update.
The Company remains on track to launch its previously announced new flagship Social Stationery offering early in the new year with Walgreens. www.foldedwords.com was released in December 2011 as a beta site. By pre-registering with www.foldedwords.com, users receive a free sample card with a discount coupon attached for use on any future order.
2012 Fiscal Q1 (Calendar Q4)
Fiscal 2012 first quarter performance continued the trend seen during fiscal 2011 with demand continuing to shift towards creative products. The Company continues to position itself to capitalize on this shift in product mix.
Engagement of Liolios Group:
PNI announces that it has engaged the services of the Liolios Group to assist the Company with corporate communications. Based in Newport Beach, California, the Liolios Group began working with the Company as of January 4th, 2012.
Management and Board Additions
As announced previously, Zack Wickes has joined the Company in the role of VP Technology while Chris Egan was promoted to VP of Business Services. Furthermore, Cary Deacon has joined the Board of Directors and Cory Kent has been named Corporate Secretary.
About PNI Digital Media- PNI Digital Media operates the PNI Digital Media Platform, which provides transaction processing and order routing services for major retailers. The PNI Digital Media Platform connects consumer-ordered digital content, whether from online, in-store kiosks, desktop software or mobile phones, with retailers that have on-demand manufacturing capabilities for the production of personalized products such as photos, photo books, photo calendars, business cards and stationery. PNI Digital Media successfully generates millions of transactions each year for retailers and their thousands of locations worldwide.
Further information on our company can be found at www.pnimedia.com.
The statements that are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties. PNI Digital Media's actual results could differ materially from those expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, changes in technology, employee retention, inability to deliver on contracts, failure of customers to continue marketing the online solution, competition, general economic conditions, foreign exchange and other risks detailed in the Company's annual report and other filings. Additional information related to the Company can be found on SEDAR at www.sedar.com and on the SEC'S website at www.sec.gov/edgar.shtml. The information contained herein is subject to change without notice. PNI Digital Media shall not be liable for technical or editorial errors or omissions contained herein.
PNI Digital Media relies upon litigation protection for "forward-looking" statements.
The TSX has neither approved nor disapproved the information contained in this release.
Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.
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