Our announcement of our acquisition of IFA Bilderteam in Germany is very exciting for our company.

IFA is a well recognized commercial image distributor in Germany. It has particular strength in selling Rights Managed images. Jupiterimages already had its own office in Munich which historically had specialized in selling Royalty Free imagery. Fortunately for us our office in Munich is only a few miles from IFA so it will be easy to integrate both operations into the larger IFA office in coming weeks. And more importantly we now have a larger distribution platform in Germany for selling our combined RM and RF image collections. This strategy is very similar to what we have already accomplished in France.

We are also fortunate that within IFA we are hiring some very talented personnel including Chris Walsh. Chris is a transplanted Scotsman who has been living in Germany for many years and has been associated with the stock photo industry for most of his professional career. Chris is now going to head up our creative image operations throughout Europe and report back to Maria Kessler in the United States.