Preclick -Photo Software and Web Services Company-
Funded $1.6 Million by MAG fund, Robin Hood Ventures & LORE

PHILADELPHIA, Penn.- Feb. 14, 2007 -- Last week Preclick Corp. debuted Preclick Internet Photo Messenger - its new photo Web service - at DEMO '07. This week Preclick closed its Series A financing round of $1.6 million by investors LORE Associates, Mid-Atlantic Angel Group, Robin Hood Ventures, and SJFVentures. www.sjfund.com

The company's DEMO '07 debut of Preclick IPM (Instant Photo Messenger) demonstrates its attraction for investors -the company makes innovative software for digital photos and Web services for industry leaders Wal-Mart, Hewlett-Packard, Costco, 3M, Sandisk, DotPhoto and others. www.preclick.com/demo

"With Wal-Mart and Costco distribution, Preclick photo software reaches 40% of US retail photo customers," said Peter Nalle, a MAG investor. "Preclick has created the largest consumer channel to serve digital media and sharing needs."

The investment is immediately funding the launch of Preclick IPM - Internet Photo Messenger, a new photo sharing service, which is akin to MySpace and YouTube.

LORE Member Vince Schiavone, who sold his company TurnTide to Symantec following DEMO launch, said "Preclick IPM will turn computer screens into networked picture frames that it monetizes via account acquisition, advertising, store visits, increased prints and products."

Mark McDowell, a member of Robin Hood Ventures, added "Preclick's management team has a strong track record of delivering innovative software and services, which gives them a competitive edge."

Preclick, the photo lifetime software company, builds consumer photo software in 22 languages for Wal-Mart, Costco, HP, 3M, SanDisk, and others. www.preclick.com/pr.

MAG I is an angel venture fund organized to provide members an opportunity for active involvement in diversified capital assets. The member-managed fund provides equity capital to early stage companies based in Pennsylvania, New Jersey and Delaware; www.magfund.com.

Robin Hood Ventures is a membership organization of experienced entrepreneurs and accredited investors interested in investing and taking an active role in early stage companies with high return on investment potential. Robin Hood has invested approximately $8.1MM in 16 companies that have subsequently raised over $200 million. www.robinhoodventures.com

LORE Associates provides angel investors with the opportunity to see business situations in which they might choose to invest. Its mission is to provide investment capital and mentoring to early stage companies principally in the Greater Philadelphia Area.

Download Press Release as a Word document