Corbis Selects Ofoto as Strategic Partner to Produce High-Quality Prints for Corbis Collection of Images

Business Wire, May 22, 2000

Business Editors

BERKELEY, Calif. and SEATTLE--(BUSINESS WIRE)--May 22, 2000

Leading Online Photo Company to Help "Open the Archive"

of Corbis Images to Consumers by Providing Superior Printing

and Framing Services

Ofoto, Inc. (www.ofoto.com), the Internet photo company, and Corbis(R), The Place for Pictures on the Internet(R) (www.corbis.com), today announced a strategic partnership in which Ofoto will provide high-quality photographic printing and framing for the Corbis' collection of images offered to consumers.

The agreement will effectively open the vast Corbis image archive by enabling consumers to choose from hundreds of thousands of Corbis' photographic images for purchase as prints. Each image will be printed in Ofoto's state-of-the-art digital photo lab, and then framed, packaged and shipped to consumers nationwide.

Corbis' collection of images will be available for purchase in a variety of size and product configurations and will be printed by Ofoto on high-quality Kodak professional paper. Corbis prints will be available in a variety of frames, or will be available unframed.

"We are excited to be a part of Corbis' strategy to make the world's finest photographic and art images accessible to consumers," said James Joaquin, president and CEO, Ofoto, Inc. "We are working with Corbis because they share our commitment of providing the highest-quality photography to people everywhere."

"Corbis is very pleased to partner with Ofoto because their expertise and technology helps us deliver on our vision of offering our expansive archive of images worldwide," said David Rheins, senior vice president at Corbis. "Consumers will now be able to choose photographic art from hundreds of thousands of pictures, and receive from Corbis and Ofoto a quality product that is a true work of art."

Ofoto is the premiere online photo-finishing service, offering millions of film and digital photographers a convenient way to share and order high-quality, photographic prints. Ofoto's own state-of-the-art photo finishing lab, combined with its proprietary image-enhancing software and printing on high-quality Kodak paper, guarantees impressive results. Additionally, Ofoto provides its members with secure, unlimited online photo storage and the ability to create albums in an advertising-free environment, all at no cost.

Corbis is the leading resource for images on the Internet with thousands of iconic and compelling images available for purchase as framed prints, posters, screensavers, and digital pictures. Corbis also features free e-cards as well as Corbis Creative Studio(TM) where users can create their own greeting cards and calendars, all at no cost.

About Ofoto, Inc.

Founded in July 1999, Ofoto, Inc. (www.ofoto.com) is the Internet photo company helping millions of film and digital photographers discover online photography and providing them with a convenient way to order high-quality photographic prints and photo merchandise. Ofoto is dedicated to bringing its customers a world-class service providing access to secure online photo storage and the ability to create albums in an advertising-free environment, all offered as a free service. The company is run by a team of photogenic Internet veterans with experience at companies such as AOL, When.com, StarMedia, Critical Path, Tunes Network, and CyberCash. Ofoto is privately funded by The Barksdale Group, Benchmark Capital Partners, and a small group of nearly angelic investors.

About Corbis

Corbis Corporation--The Place for Pictures on the Internet(R)--is the definitive destination for photography and fine art in the digital age. With 65 million images--2.1 million on line--it is the leading provider of digital images to the consumer, business, and creative professional markets. Corbis.com is the place where consumers can send e-cards, download personal-use digital images, and order framed and unframed prints and posters. The company provides imagery to creative professionals in magazine, book, and newspaper publishing; advertising and graphic design; and Internet and new media publishing. Corbis is also the world's leading news photography agency. The company uses its extensive Internet technology to allow customers to quickly and conveniently access and purchase images. Headquartered in Seattle, with offices in New York, London, Los Angeles, and Paris, the privately owned company has approximately 1,200 employees worldwide. For more information about Corbis and its products and services, call 800/260-0444, 425/641-4505, fax 425/746-1618, or visit the Web site at www.corbis.com.

Corbis, Corbis Images, and The Place for Pictures on the Internet are registered trademarks of Corbis Corporation in the United States and/or other countries.