Imagelooop: Web 2.0 Service Wins New Investors

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Investment to finance rapid growth in social networking sector eg. MySpace. --- Prominent investors contribute capital, contacts and expertise.

Imagelooop GmbH has laid the foundations for further expansion of its online slideshow venture 'imagelooop'. The company's new investors include Dr. Andreas Weigend, Principal at People & Data (San Francisco) and former Chief Scientist with Amazon.com (Seattle), the private-equity firm Otto Wolff GmbH, Bernd Schlobohm and Gerd Eickers (founders of German broadband provider QSC) and internet business angel Mehrdad Piroozram. This round of strategic investment provides imagelooop with the basis for a period of accelerated and scalable growth. The company's technical platform, for example, will be further developed while new senior managers are also set to join the 15-strong team.

In total, over €1 million has now been invested in imagelooop. These latest investors are investing more than just capital. They will also perform a 'business angel' role, contributing unrivalled knowledge of the internet market, excellent business management experience and a wealth of contacts including some of the key players in the industry.

The platform for multimedia slideshows can already be used both offline and online. With only a few clicks of a mouse, slideshows can be built into profiles on online communities such as MySpace or into personal blogs and websites. Methods for building imagelooop slideshows into profiles on other worldwide community sites are also in the pipeline. Additionally, a variety of new effects and designs are being developed to further improve the presentation of photos.

At present, it is completely free to use imagelooop. A re-structuring of costs through the introduction of premium membership, exclusive third-party products and advertising will take place at a later point.

Strategy of US firm indicates positive forecast

'Video portals such as YouTube and photo communities like Flickr are becoming more popular by the day. With our free, animated slideshows, imagelooop is effectively bridging the gap between these two booming markets by enabling users to display slideshows on their own profiles', comments Stefan Riehl, imagelooop's COO.

'Imagelooop is a useful and highly innovative venture that meets the needs of today's internet users. Social networking sites are already popular but have yet to truly take off in Europe', explains investor Dr. Andreas Weigend, lecturer in Data-Mining and E-business at Stanford University.

'The outlook for imagelooop is extremely positive, as the example of the US equivalent Slide.com demonstrates. The strategic integration of investors provides imagelooop with the basis for a period of accelerated and scalable growth', comments seed investor Mehrdad Piroozram.

About imagelooop

Imagelooop allows 'Web 2.0' users to create and design their own animated slideshows for displaying digital photos. These slideshows can be published on blogs, on community sites such as MySpace and can also be used on your desktop. Imagelooop is easy to use and no technical expertise is required. Users will also find numerous community functions on the imagelooop homepage. To gain full access to this service and to avail of imagelooop software, users need only complete the free registration on the imagelooop site. Please see http://www.imagelooop.co.uk for further information.

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Stefan Riehl
Imagelooop GmbH
+49 221-454 564 0
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