SOURCE: DigitalPost Interactive

August 18, 2008 06:30 ET

DigitalPost Interactive Reports Second Quarter 2008 Financial Results

IRVINE, CA--(Marketwire - August 18, 2008) - DigitalPost Interactive (OTCBB: DGLP) (www.dglp.com), a leader in the digital media-sharing and social networking space, today reported its financial results for the second quarter 2008.

"We had another improved quarter, materially exceeding prior quarter's results. This was driven in part by our increased growth in our core subscription revenues and professional service revenues," said Michael Sawtell, CEO, DigitalPost Interactive. "Subscription revenues are expected to continue rising in the upcoming quarters, along with an expected reduction in losses. And with several large B2B partnerships scheduled to launch in the next few months, we expect our subscriber growth to substantially increase in the fourth quarter."

Second Quarter Financial Results and Recent Highlights:

--  Record Revenues - Second quarter 2008 revenue rose to $144,200, a
    $117,400 or 438% increase over the $26,800 reported for the same period
    last year.  Six months ended June 30, 2008 revenues also rose to $195,500,
    an increase of $156,500 or 401% increase over the $39,000 reported for the
    same period last year.
    
--  Record Subscriber Growth - We increased our customer base to 4,541
    subscribers as of June 30, 2008 from 1,152 subscribers as of June 30, 2007.
    We have organically grown our current subscribers through our direct to
    consumer advertising which does not include our large B2B marketing
    partnerships.  Once we implement our strategic B2B marketing partnerships
    (Kiddie Kandids / Westgate Resorts), we anticipate our subscribers to
    substantially increase from our current levels.
    
--  Record Professional Services Revenue - We reported an increase in
    professional services revenue of $75,100 or 751% to $85,100 for the second
    quarter 2008 as compared to $10,000 for the same period last year, signing
    several contracts with a world-renowned theme park.   We have secured
    additional contracts that will provide similar levels of revenues through
    the remainder of 2008.
    
--  Improved cash used in operations - Cash used by operating activities
    decreased to $873,000 for the six months ended June 30, 2008, as compared
    to $915,300 during the same period last year.
    
--  Million dollar financing - During the second quarter 2008, we closed
    on over $1.1 million in private debt and equity financing.
    
--  Partnered with Kiddie Kandids - We recently partnered with Kiddie
    Kandids, the largest, national children's portrait studio chain (183
    Studios in the USA) to develop a digital media-sharing service called
    www.OurFamilyLife.com for the numerous customers they serve every year. The
    expected launch of the service is October 1st, 2008.
    
--  Partnered with Westgate Resorts - We also signed a strategic
    partnership with Westgate Resorts, the world's third largest timeshare
    company, to launch a new family website / lead-generating service for the
    company's 500,000 members and their thousands of monthly prospects. The
    full roll-out of all 28 Westgate Resorts is expected to be completed in the
    4th quarter.
    
--  Named as "Best of Web" by Dell - Our flagship consumer property,
    TheFamilyPost.com was named to Dell's new "Best of Web" section on the
    popular Dell.com website. TheFamilyPost.com is one of the exclusive brands
    listed in the "sharing" category.
    

About DigitalPost Interactive

DigitalPost Interactive is a SaaS (Software as a Service) and application provider that delivers B2B and B2C digital media-sharing solutions that are both easy to offer and easy to use. The company's visually-stunning, user-friendly Web 2.0 technology gives consumers a single, engaging place online for permanently storing and sharing a lifetime of digital media and memories, connecting with family and friends, and keeping organized in today's digital world.

Completely scaleable and re-brandable, DigitalPost Interactive's technology gives companies in the photo, travel, entertainment, sports, and other vertical markets a fast and efficient way to offer dynamic Web 2.0 products and services. This technology can create exciting new revenue streams for all companies looking to monetize this emerging new Internet opportunity. For more information about DigitalPost Interactive or its consumer site www.TheFamilyPost.com, please visit www.dglp.com.

Any forward-looking statement in this press release is made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties including, but not limited to, economic and political factors, technological developments, regulatory matters and increased competition. The company disclaims any obligation to update any such factors or to publicly announce results of any revisions to the forward-looking statements contained herein to reflect future events or developments.

Contact Information

  • Contact DigitalPost Interactive:

    Media Relations:
    Mike Maloney
    Ph: 714-824-3009
    mmaloney@dglp.com

    or

    Investor Relations:
    Ph: 949-544-1392
    ir@dglp.com