Monday, March 21, 2005

HP to Acquire Leading Online Photo Service Snapfish

PALO ALTO, Calif.--(BUSINESS WIRE)--March 21, 2005-- HP (NYSE:HPQ - News; Nasdaq:HPQ - News) today announced that it has signed a definitive agreement to acquire Snapfish, a leading online photo service.

Snapfish is a leading online photo service, with more than 13 million registered members and 350 million unique photos stored online. Snapfish, which is based in San Francisco and has operations in the United Kingdom, enables film camera, digital camera and camera phone users to share, print and store their most important photo memories at the lowest prices -- online or off. Snapfish is the most often used site for printing digital photographs online, according to InfoTrends, and has received a Rising Star Award as the site demonstrating the fastest growth on the Internet, as measured by Nielsen//NetRatings. Additional information is available at www.snapfish.com and www.Snapfish.co.uk.

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