PhotoChannel Networks Inc.
OTC Bulletin Board : PNWIF

PhotoChannel Networks Inc.

December 15, 2006 15:32 ET

PhotoChannel Announces Grant of Options

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 15, 2006) - PhotoChannel Networks Inc. (TSX VENTURE:PN)(OTCBB:PNWIF) ("PhotoChannel" or "Company"), the leading innovator in online digital media solutions for retailers announces that at its board of directors meeting held on December 11, 2006, it granted 520,000 common stock purchase options to certain officers and directors of the company.

Under the terms of the company's stock option plan, the common share purchase options will vest equally over an 18-month period commencing on December 11, 2006, and are valid for a period of five years. Upon vesting each purchase option may be used to purchase a common share of the company at $2.32.

About PhotoChannel- Founded in 1995, PhotoChannel operates PNI Digital Media to provide services for major retailers, wireless carriers and content providers. The PNI Digital Media Platform connects consumer ordered digital content with retailers that have on demand manufacturing capabilities for the production of merchandise. Currently PNI Digital Media generates transactions for retailers and their thousands of locations across North America, including Wal-Mart Canada, CVS/pharmacy, Eckerd Drugs and Costco Canada. For more information please visit

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