Oxford, MS 4/4/2011 (Penny PayDay) -- PNI Digital Media (OTC:PNDMF),a provider of online and in-store digital media solutions for retailers, today announced, in a press release, that it has entered into an agreement to extend the term of its Internet Services Agreement with Costco Wholesale (Nasdaq:COST) to provide and operate the Costco online photo service which is connected to 413 Costco locations across the US for an additional five year period up to June, 2016. Shares of PNI Digital closed flat at $1.60 per share today on light volume of nearly 12,000 shares. The company has a market cap of $54 million. The service will continue to allow Costco Members to easily upload and place orders for photo prints, greeting cards, calendars, photo books, posters, canvas prints and other photo gift items on the Costco Photo Center website, with options to pick up their photo prints within an hour and/or have their order shipped to their home.
PNI Digital Media also provides online photo services for Costco in Canada and Australia.
According to the press release, PNI Digital was founded in 1995 and 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 and 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 http://www.PNIMEDIA.com.
No comments:
Post a Comment