myPhotopipe.com Reports 2007 Operating Results

Net Loss Reduced by 86% as Online Digital Photo Processing Revenues Rise 51%

ATLANTA, March 31 /PRNewswire-FirstCall/ -- myPhotopipe.com, Inc.
(Pink Sheets: MPPC.PK), a web-based online provider of digital photo
processing and related services, today announced its operating results for the
quarter and year ended December 31, 2007.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080325/CLTU023)
For the three months ended December 31, 2007, revenues increased 32% to
$462,780, compared with revenues of $351,502 in the fourth quarter of 2006.
The Company reported a net loss of ($32,579) in the fourth quarter of 2007,
versus a net loss of ($310,390) in the three months ended December 31, 2006.
For the twelve months ended December 31, 2007, the Company's revenues rose
51% to a record $1,460,752, compared with revenues of $964,994 in the year
ended December 31, 2006. Operating results for 2007 included twelve months of
operating results from QC GalleryWorks, which was acquired in June 2006,
whereas 2006 operating results included only seven months of operating results
from the acquired company. The Company reported a net loss of ($76,241) in
2007, versus a net loss of ($561,197) in the previous year.
"We are very pleased to report a 51% increase in 2007 revenues for the
year ended December 31, 2007, evidencing strong growth across all four
quarters," noted L. Douglas Keeney, Chief Executive Officer of
myPhotopipe.com, Inc. "Moreover, we were able to achieve these revenue gains
without the heavy losses often associated with a rapidly growing company, as
evidenced in an 86% reduction in our net loss for the year. Despite a
significant overhaul of our website, continuous upgrades at our plant, and
upgrades to our digital tools and data distribution platforms, our net loss
for 2007 totaled only ($76,241), compared with a net loss of ($561,197) in
2006."
"While we are proud of our accomplishments at myPhotopipe.com during the
past year, I should also make note of the strong growth trends within our
industry -- trends that have continued through the first quarter of 2008,"
continued Keeney. "According to PMA data, the number of prints made from
digital images increased 27% in 2007, when compared with the previous year.
Owners of digital cameras are currently taking an unprecedented 25 to 50
million images every week. Considering that more than 32% of all new digital
cameras sold in 2007 were high-end 8+ megapixel units, the quality of digital
images has improved dramatically. Because we cater to professional and
serious amateur photographers, we believe this trend towards high-end cameras
bodes well for myPhotopipe.com: the better the digital image, the more likely
it will be made into a print."
"Two years ago we made it clear that we believed that the ease of Internet
ordering and the convenience of home delivery would become the purchasing
channel of choice for the digital photographer and that, unlike others in our
space, we, as a company, would not divert capital to invest in retail kiosks
or other in-store pick-up models. For the last two years, digital
photographers have increasingly validated our vision, as
online-ordering-with-mail-delivery has consistently outpaced the growth of
other methods of ordering prints. Today, I am happy to report that year-end
data again shows a third year of uninterrupted share gains for Internet
purchasing with mail delivery. For the year ended December 31, 2007,
online-ordering-with-mail-delivery was the fastest growing method for ordering
prints -- up 64% versus 2006 and now accounting for a 15% share of the total
market. We have been, and we continue to be, a pure play in online digital
photo processing."
"As vibrant as our industry has been, we have even more reason to be proud
of our Company's accomplishments," added Keeney. "Our sales and development
teams helped myPhotopipe.com outpaced the industry's growth rate in 2007 by
recruiting many new customers during the year, including well known
professional sports teams in the NFL, MLB and NBA. On average, we added more
than 400 new customers each month last year, including clients as diverse as
Rosetta Stone, Georgia Tech University, and UPS. For the entire year, our
website was bookmarked more than 100,000 times, and over 40,000 copies of our
ordering software were downloaded."
"In October 2007, we publicly unveiled the initial roll-out of a print
partnership with the iStockphoto division of Getty Images. Not only are we
the exclusive provider of prints to this pioneering website that has more than
two million users, but our logo and brand now appear on their photo search
pages. More than 200 million images are served up on the iStockphoto website
each month, with each search result showing the myPhotoprint.com logo in the
'Print' tab directly beneath. In marketing, this represents almost
unprecedented exposure."
"Looking forward, we expect to continue building out our infrastructure,
expanding our suite of digital tools and templates, and aggressively pursuing
strategic alliances, partnerships and supply contracts. We recently announced
that the Department of Homeland Security has exercised its annual renewal
option under our exclusive supply contract with this important cabinet-level
federal agency. We will make further announcements of other exciting
developments as they occur in coming months."
"We have much to be thankful for. Our industry represents one of the
bright spots in the economy and we are one of the shining stars in our
industry," concluded Keeney.
About myPhotopipe.com, Inc.
myPhotopipe.com, Inc. is a web-based online provider of digital photo
processing, photo finishing, photo sharing, and related services. The
Company's unique blend of 1000 print options, combined with manual print
inspections and professional color management, have positioned myPhotopipe.com
as one of the fastest-growing providers of digital photography services for
professionals and serious amateurs.
The Company is headquartered in Atlanta, Georgia, and its common stock is
listed on the OTC Pink Sheets under the symbol "MPPC". Additional information
is available on the Internet at http://www.myPhotopipe.com.
This press release may contain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Act of 1934 that are subject to the "safe harbor" created by those
sections. Such forward-looking statements are based upon current information
and expectations regarding myPhotopipe.com, Inc. These statements speak only
as of the date on which they are made, are not guarantees of future
performance, and involve certain risks, uncertainties and assumptions that are
difficult to predict. Therefore, actual outcomes and results could materially
differ from what is expressed, implied, or forecast in such forward-looking
statements.
myPhotopipe.com, Inc. assumes no obligation to update the information
contained in this release. Any forward-looking statements in this press
release may be materially impacted by any number of factors, any or all of
which could have a negative impact on sales, operating results, financial and
budgetary constraints. The statements made herein are independent statements
by myPhotopipe.com, Inc. The inclusion or mention, if any, of third parties
in this press release does not represent an endorsement of any
myPhotopipe.com, Inc. products or services by any such third party.
Contact:

L. Douglas Keeney, CEO, at (502) 419-5837 or via email at
dougk@myphotopipe.com

or

R. Jerry Falkner, CFA, RJ Falkner & Company, Inc., Investor Relations
Counsel at (830) 693-4400 or via email at info@rjfalkner.com

myPhotopipe.com, Inc.

CONSOLIDATED STATEMENT OF OPERATIONS

Three months ending December 31,
2007 2006

Net revenues $462,780 $351,502
Cost of revenues 169,465 140,925
Gross profit 293,315 210,577
% of revenues 63.38% 59.91%

Operating expenses
Sales and marketing 56,668 121,571
Personnel 101,748 123,411
General and administrative 128,163 151,077
Total operating expenses 286,579 396,059
Income from operations 6,736 (185,482)

Interest expense 7,208 (166)
Depreciation 76,406 125,160
Amortization 2,580 -
Other (income) expense, net (46,879) (86)
Pretax profit (32,579) (310,390)

Provision for income taxes -
Net income $(32,579) $(310,390)

Average shares outstanding 248,943,235 248,943,235

Net income (loss) per share $(0.0001) $(0.0012)

myPhotopipe.com, Inc.

CONSOLIDATED STATEMENT OF OPERATIONS

Fiscal year ending December 31,
2007 2006

Net revenues $1,460,752 $964,994
Cost of revenues 445,495 326,769
Gross profit 1,015,257 638,225
% of revenues 69.50% 66.14%

Operating expenses
Sales and marketing 155,479 329,563
Personnel 368,317 361,964
General and
administrative 522,393 363,738
Total operating
expenses 1,046,189 1,055,265
Income from operations (30,932) (417,040)

Interest expense 33,897 21,337
Depreciation 76,406 125,160
Amortization 2,580 -
Other (income) expense,
net (67,574) (2,340)
Pretax profit (76,241) (561,197)

Provision for income
taxes -
Net income $(76,241) $(561,197)

Average shares
outstanding 248,943,235 248,943,235

Net income (loss) per share $(0.0003) $(0.0023)

myPhotopipe.com, Inc.

CONSOLIDATED BALANCE SHEETS

December 31,
2007 2006
ASSETS

Current Assets:

Cash and cash equivalents $94,974 $3,883
Accounts receivable, net of allowance 86,748 61,014
Prepaid expenses and other current assets 52,440 8,814
Total Current Assets 234,161 73,711

Property and equipment, net 225,067 149,934

Other assets 64,648 5,666

TOTAL ASSETS $523,876 $229,310

LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

Current Liabilities:

Accounts payable $197,676 $207,347
Accrued liabilities 179,220 187,744
Current portion of notes payable 135,393 86,721

Total current liabilities 512,289 481,812

Notes payable, less current portion 475,134 346,884

Total liabilities 987,423 828,696

Stockholders' equity (deficit)
Common stock, par value $0.001; 800,000,000 388,500 326,000
shares authorized at 12/31/06 and 12/31/07,
respectively; 248,943,235 and 248,943,235
shares issued and outstanding at 12/31/06
and 12/31/07, respectively

Additional paid-in capital 375,961 153,461

Accumulated equity (deficit) (1,228,008) (1,078,847)

Total stockholders' equity (deficit) (463,547) (599,386)

TOTAL LIABILITIES AND
STOCKHOLDERS' EQUITY (DEFICIT) $523,876 $229,310

SOURCE myPhotopipe.com, Inc.

L. Douglas Keeney, CEO of myPhotopipe.com, Inc., +1-502-419-5837,
dougk@myphotopipe.com; or R. Jerry Falkner, CFA of RJ Falkner & Company, Inc.,
Investor Relations Counsel, +1-830-693-4400, info@rjfalkner.com, for
myPhotopipe.com, Inc.