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1992-11-16
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KODAK INTRODUCES FIRST COMMERCIAL RELATIONSHIP
OF KODAK PICTURE EXCHANGE
New Kodak Image Storage and Transmission
Business Establishes First Commercial Relationship
NEW YORK, Aug. 25__Applied Graphics Technologies (AGT), one
of the leaders in the graphic arts and prepress industry, will
work with Kodak to market a new over-the-phone image-leasing
business. AGT will invite its clients in the magazine,
commercial publishing, and advertising markets to participate in
the creation of an extensive news and illustrative image
collection that will be maintained by AGT. These pictures will
then be marketed by Kodak over the newly announced Kodak Picture
Exchange image transmission system.
"AGT's business clients' photographs are scanned by AGT as
part of its full-service package and represent some of the
highest-impact and most newsworthy images available," said
Stephen S. Stepnes, general manager and vice president of CD
Imaging at Kodak. "By using Kodak's Photo CD and Picture
Exchange technologies, AGT will help create new revenues for its
magazine and advertising agency clients by mid-1993."
Creative Marketing Effort to Be Employed
As AGT begins to capture and index collections of images for
its clients, Kodak has agreed to market them through its Kodak
Picture Exchange service. AGT will initiate the process by
inviting its 200-plus publishing clients to participate. Today,
AGT's clients' images are rarely used again following
publication.
- 2 -
With the advent of the Kodak Picture Exchange system and
AGT's image collection, these images can have value to AGT's
current clients and new image users. Some of AGT's clients
include Business Week, Newsweek, US News & World Report,
Glamour, and Vogue, as well as many of the major advertising
agencies.
"Today we are providing a broad range of pre-press services
with revenues of $150 million annually and managing thousands of
images every week for many of the country's leading publishers
and advertisers," said Fred Drasner, chairman and chief executive
officer of AGT. "We are working closely with Kodak to develop a
service that will allow our publishing and advertising clients to
add a new dimension to their global marketing efforts by offering
their images through the Kodak Picture Exchange worldwide."
AGT will transfer these images to the Kodak Photo CD format
and store them with an index that is consistent with the new
Kodak Shoebox search and retrieval software and Kodak
Professional Photo CD Image Library systems. These images will
then be made available for lease to potential image user clients.
AGT's publication and advertising clients can also lease images
from other sources on the Kodak Picture Exchange.
The Kodak Picture Exchange represents Kodak's vision for a
global imaging services network, similar to text and data
networks. Kodak Picture Exchange will link the distributors of
images, such as photo stock houses, with the customers they
serve, including advertising agencies and publishers.
Optimistic about Prospects for Future Growth
Kodak and AGT believe that the business growth potential for
the Kodak Picture Exchange is considerable. "High-impact
photography is being sought by picture-users worldwide for news,
education, entertainment, and advertising," said Stepnes.
"Kodak's leadership in image technology, and AGT's color imaging
expertise and breadth of clients suggest that this relaltionship
will result in image services with far-reaching benefits."
####
[Note: Kodak and Shoebox are trademarks.]