Web Host United Online Acquires Photo Sharing Business

HostReview.com
Tuesday, March 29, 2005; 05:35 PM

United Online, Inc. (www.untd.com), a provider of consumer Internet subscription services, today announced that it has acquired certain assets related to PhotoSite, the online digital photo sharing business of Homestead Technologies, Inc., for approximately $10 million in cash and has entered into a related licensing and support agreement with Homestead Technologies.

PhotoSite is a premier photo-sharing service that enables anyone - from casual to amateur to professional photographers - to quickly and easily display photos on their own personal photo website. With both free and subscription packages available, PhotoSite includes custom albums and photoblogs, full-screen slideshows, online print ordering and much more.

"The acquisition of PhotoSite, with its compelling functionality and cutting-edge technologies, is a perfect fit with our existing portfolio of high-quality consumer Internet subscription offerings," said Mark R. Goldston, chairman, CEO and president of United Online, Inc.

"By joining forces with United Online, PhotoSite will be able to carry on the development of new features for existing customers, while also focusing on making photo sharing even more accessible to millions of digital camera owners whose photos are still trapped on their hard disks," said Justin Kitch, CEO of Homestead Technologies. "While PhotoSite will no longer be part of the Homestead family, I am convinced that United Online will continue our commitment to developing creative, exceptional products that delight non-technical consumers."