PNI Digital Media News Release Feed

PNI Digital Media Announces Fiscal 2010 First Quarter Financial Results

Thu, 11 Feb 2010 00:00:00 GMT

VANCOUVER, BC – February 11th, 2010 - PNI Digital Media (TSX–V: PN; OTCBB: PNDMF), (“PNI” or the “Company”), the leading innovator in digital media solutions for retailers, announced financial results for the first quarter of Fiscal Year 2010. Revenue for the quarter was $7.8 million, representing an increase of 8% over the same period last year on a reported basis. Excluding the impact of changes in exchange rates, revenue for the first quarter of Fiscal 2010 would have been $8.4 million, or an increase of 16% over the same period last year.

First Quarter Fiscal 2010 Financial Highlights:

Record revenues of $7.8 million, compared to $7.2 million in the first quarter of Fiscal 2009 and an increase of 14% when compared sequentially to $6.8 million for the fourth quarter of last year.
Record transactional revenue of $6.2 million, compared to $5.8 million during the first quarter of Fiscal 2009.
Net profit for the quarter increased 32% to $1.2 million compared to $0.9 million in the first quarter of Fiscal 2009.
Cash expenses fell 1% to $5.0 million for the quarter, with overall expenses falling 5% compared to the same period last year.
Non-GAAP adjusted EBITDA1 of $2.7 million, an increase of 19% compared to $2.3 million during the first quarter of Fiscal 2009.
In October 2009, the Company fully repaid the short-term loan outstanding, which totaled $937,548.

“PNI achieved the strongest quarter in our Company’s history, with record revenue and a 32% increase in profitability,” said Kyle Hall, Chief Executive Officer of PNI Digital Media. “In addition, we lowered our operating expenses year-over-year, demonstrating the strength of our business model as we expanded our profitability at a much greater rate than we grew revenue. We are committed to our 2010 goals of growing revenue and EBITDA, and driving into new verticals by leveraging the strength and flexibility of the PNI Digital Media Platform. The substantial financial progress we made in the first quarter indicates that we are on the right path to achieve these goals.”

Operational and Corporate Highlights:

The PNI Digital Media transaction platform handled a record 5.6 million orders during the first quarter, compared to 4.8 million during the first quarter of Fiscal 2009.
The Company successfully achieved 100% uptime during the critical retailer holiday season for the second consecutive year.

Share Buy Back Program:

The Board of Directors has authorized a share buy-back program. Further details will be available in the coming weeks.

	December 31, 2009	September 30, 2009
Assets
Current assets
Cash and cash equivalents	$ 6,548,611	$4,237,284
Accounts receivable	5,209,883	4,855,114
Prepaid expenses and other current assets	306,443	312,687

	12,064,937	9,405,085

Property and equipment	5,857,837	6,174,920
Intangible assets	2,913,613	3,892,211
Goodwill	1,623,851	1,664,759


	$ 22,460,238	$21,136,975

Liabilities

Current liabilities
Accounts payable and accrued liabilities	$9,541,726	$7,785,812
Purchase consideration payable	415,330	869,803
Current portion of deferred revenue	351,109	410,088
Current portion of capital lease obligations	433,376	490,072
Loan payable	-	937,548
Asset retirement obligation	10,029	41,503

	10,751,570	10,534,826

Deferred revenue	263,096	195,059
Long-term portion of capital lease obligations	-	38,500
Restructuring liability	135,694	176,056
	11,150,360	10,944,441

Shareholders’ Equity

Share capital	$ 66,017,456	$ 66,017,456
Contributed surplus	18,706,163	18,521,086
	84,723,619	84,538,542

Deficit	(71,292,491)	(72,536,814)

Accumulated other comprehensive loss	(2,121,250)	(1,809,194)

	(73,413,741)	(74,346,008)

	11,309,878	10,192,534

	$ 22,460,238	$ 21,136,975

PNI Digital Media Inc.

Non-GAAP Adjusted EBITDA Reconciliation

The following table provides a reconciliation of the Company’s profit reported in accordance with GAAP to non-GAAP Adjusted EBITDA

	Three Months Ended
	December 31, 2009	December 31, 2008

Net profit in accordance with GAAP	$ 1,244,323	$ 940,644
Amortization	1,372,816	1,399,028
Interest expense	28,883	63,380
Income tax expense	64,912	-
Stock based compensation expense	185,077	453,383
Unrealized foreign exchange (gain)	(167,973)	(564,460)

Non-GAAP Adjusted EBITDA	$ 2,728,038	$ 2,291,975

Notes

1 - Non-GAAP Measures

The Company continues to provide all information required in accordance with GAAP, but believes evaluating its ongoing operating results may not be as useful if an investor is limited to reviewing only GAAP financial measures. Accordingly, the Company uses non-GAAP financial information to evaluate its ongoing operations and for internal planning and forecasting purposes. The primary non-GAAP financial measures utilized by the Company include adjusted EBITDA and adjusted EBITDA per share. Adjusted EBITDA is defined as earnings before interest expense, taxes, depreciation, amortization, unrealized foreign currency gains and losses and stock-based compensation.

To supplement the Company's financial statements presented on a GAAP basis, we believe that these non-GAAP measures provide useful information about the Company's core operating results and thus are appropriate to enhance the overall understanding of the Company's past financial performance and its prospects for the future. These adjustments to the Company's GAAP results are made with the intent of providing both management and investors a more complete understanding of the Company's underlying operational results and trends and performance. Management uses these non-GAAP measures to evaluate the Company's financial results, develop budgets, manage expenditures, and determine employee compensation. The presentation of additional information is not meant to be considered in isolation or as a substitute for or superior to net income (loss) or net income (loss) per share determined in accordance with GAAP.

Currency

All amounts are expressed in Canadian dollars. This notice is qualified in its entirety by reference to the company’s financial statements and accompanying Management Discussion and Analysis, which are accessible on the SEC’S website at www.sec.gov/edgar.shtml and on SEDAR at www.sedar.com.

Conference Call

PNI Digital Media will host a conference call today, Thursday, February 11^th, 2010 at 4:30pm ET (1:30pm PT) to discuss the company’s Fiscal 2010 first quarter financial results. Investors and interested parties should dial 1 (888)-300-8196 (US/Canada) or 1 (647)-427-3426 (International) and quote conference ID no. 50841775. Please call 10 minutes prior to the scheduled start time.

PNI Digital Media will provide a live webcast and downloadable presentation, available at the company's website http://www.pnimedia.com/webcast.

About PNI Digital Media- PNI Digital Media generates and transacts personalized content orders on behalf of the world’s largest retailers by way of proprietary online, kiosk and mobile software, for pick up in store in as little as one hour. PNI Digital Media successfully generates millions of transactions each year for retailers and their thousands of locations worldwide.

For more information please visit www.pnimedia.com.

For Financial Information, Contact

Simon Bodymore, CFO

(604) 893-8955 ext.229

For Investor Relations, Contact

Simon Cairns

(866) 544-4881

ir@pnimedia.com

The statements that are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties. PNI Digital Media’s actual results could differ materially for those expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, changes in technology, employee retention, inability to deliver on contracts, failure of customers to continue marketing the online solution, competition, general economic conditions, foreign exchange and other risks detailed in the Company’s annual report and other filings. Additional information related to the Company can be found on SEDAR at www.sedar.com< and on the SEC’S website at www.sec.gov/edgar.shtmlThe information contained herein is subject to change without notice. PNI Digital Media shall not be liable for technical or editorial errors or omissions contained herein.

The TSX Venture Exchange has neither approved nor disapproved the information contained in this release. PNI Digital Media relies upon litigation protection for "forward-looking" statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

PNI Digital Media Provides Dates for Release of Fiscal Year 2010 First Quarter Financial Results and Annual General Meeting

Fri, 22 Jan 2010 00:00:00 GMT

VANCOUVER, BC – January 22nd, 2010 - PNI Digital Media Inc. (TSX–V: PN; OTCBB: PNDMF), (“PNI” or the “Company”), the leading innovator in digital photography and media solutions for retailers, announced today that it will host a conference call on Thursday, February 11th, 2010 at 4:30pm ET (1:30pm PT) to discuss the company’s Fiscal 2010 first quarter financial results. Mr. Kyle Hall, Chief Executive Officer, Mr. Aaron Rallo, President and Chief Operating Officer and Mr. Simon Bodymore, Chief Financial Officer will host the call.

To join the call, please dial 1-888-300-8196 (US/Canada) or 1-647-427-3426 (International) and quote conference ID no. 50841775. Please call 10 minutes prior to the scheduled start time.

PNI Digital Media will also provide a live webcast and presentation, available on the Company's website at http://www.pnimedia.com/webcast. The presentation will be available for download for dial-in callers.

A press release announcing the Company’s Fiscal 2010 first quarter financial results will be issued at 4:00pm ET (1:00pm PT) the same day, and simultaneously the company’s financial statements and MD&A will be available from http://www.pnimedia.com/. An archived replay of the webcast will be saved for 60 days on the Company’s website.

Annual General Meeting Date:
PNI Digital Media will host its Fiscal Year 2009 Annual General Meeting (AGM) for shareholders on March 10th, 2010 at the Terminal City Club in Vancouver, BC Canada. A copy of the Fiscal Year 2009 audited financial statements for the year ending September 30th, 2009 is available from http://www.pnimedia.com or by contacting Investor Relations at ir@pnimedia.com.

About PNI Digital Media- PNI Digital Media generates and transacts personalized content orders on behalf of the world’s largest retailers by way of proprietary online, kiosk and mobile software for pick up in store in as little as one hour. PNI Digital Media successfully generates millions of transactions each year for retailers and their thousands of locations worldwide.

Investor Relations and Press Contact:
Simon Cairns
PNI Digital Media
866-544-4881
ir@pnimedia.com

The statements that are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties. PNI Digital Media’s actual results could differ materially for those expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, changes in technology, employee retention, inability to deliver on contracts, failure of customers to continue marketing the online solution, competition, general economic conditions, foreign exchange and other risks detailed in the Company’s annual report and other filings. Additional information related to the Company can be found on SEDAR at www.sedar.com and on the SEC’S website at www.sec.gov/edgar.shtml. The information contained herein is subject to change without notice. PNI Digital Media shall not be liable for technical or editorial errors or omissions contained herein.
The TSX Venture Exchange has neither approved nor disapproved the information contained in this release. PNI Digital Media relies upon litigation protection for "forward-looking" statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

PNI Digital Media Announces Fiscal 2009 Year-End and Fourth Quarter

Fri, 18 Dec 2009 00:00:00 GMT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 14, 2009) - PNI Digital Media (TSX VENTURE: PN.V)(OTCBB: PNDMF.OB), ("PNI" or the "Company"), the leading innovator in digital media solutions for retailers announced revenue for the full year Fiscal 2009 was $24.4 million, representing an increase of 43% over the same period last year. Non-GAAP adjusted EBITDA(1) for the year was $6.2 million, compared to a non-GAAP adjusted EBITDA loss of $2.2 million during Fiscal Year 2008. Furthermore, PNI Digital Media transacted a record 14.6M orders for the year, an increase of 94% compared to Fiscal Year 2008.

Fourth Quarter revenue was also a record for a non-holiday quarter with the quarter coming in at $6.8 million and generating non-GAAP adjusted EBITDA of $2.2 million or $0.06 per share. The Company posted a GAAP profit of $0.6 million for the Quarter and Earnings Per Share of $0.02.

PNI Digital Media will host a conference call today, Monday, December 14th at 4:30pm ET (1:30pm PT) to discuss the company's Fiscal 2009 year-end and fourth quarter financial results. Investors and interested parties should dial 1 (888)-300-8196 (US/Canada) or 1 (647)-427-3426 (International) and quote conference ID no. 39626339. Please call 10 minutes prior to the scheduled start time. PNI Digital Media will also provide a live webcast, available at the company's website http://www.pnimedia.com/webcast.

All amounts are expressed in Canadian dollars. This notice is qualified in its entirety by reference to the company's financial statements and accompanying management discussion and analysis, which are accessible on the SEC'S website at www.sec.gov/edgar.shtml and on SEDAR at www.sedar.com.

"In addition to strong revenue results and the near doubling of transactions processed this past year, PNI had its highest EBITDA generating, non-holiday quarter in company history," said Kyle Hall, Chief Executive Officer of PNI Digital Media. "We generated positive cash flow in each quarter of Fiscal 2009 while reducing cash expenses by 1% year over year. We remain committed to increasing positive cash flow going forward."

Financial Highlights:

FY 2009

- Record revenues of $24.4 million in Fiscal 2009 compared to $17 million in Fiscal 2008

- Transactional revenue of $18.1 million, an increase of 56% year-on-year

- Transaction fees representing 74% of total revenue vs. 68% during Fiscal 2008

- Non-GAAP adjusted EBITDA of $6.2 million in Fiscal 2009, compared to a non-GAAP adjusted EBITDA loss of ($2.2) million during Fiscal 2008

- Non-GAAP adjusted EBITDA per share of $0.18 compared to a non-GAAP adjusted EBITDA loss per share of ($0.07) in fiscal 2008

Fourth Quarter 2009

- Record revenue for Q4 2009 of $6.8 million compared to $5.3 million in Q4 of Fiscal 2008

- Record non-GAAP adjusted EBITDA of $2.2 million for Q4 2009 compared to an adjusted EBITDA loss of ($0.2) million in Q4 of fiscal 2008

- Profit of $0.6 million for Q4 2009 compared to a loss of ($2.7) million for Q4 2008

- Earnings per share on a GAAP basis for Q4 2009 of $0.02 compared to a loss of ($0.08) in Q4 2008

- Non-GAAP adjusted EBITDA per Share for Q4 2009 of $0.06 compared to a loss of ($0.01) in Q4 2008

Notes:

(1) - Adjusted EBITDA is a non-GAAP financial measure which the Company defines as net loss plus amortization, interest expense, tax expense, share-based compensation expense and un-realized foreign exchange loss (gain). A full reconciliation of the Company's results between these non-GAAP figures and the results in accordance with GAAP is included on page 16 of our MD&A.

PNI Digital Media Inc.

Consolidated Balance Sheets


                                                September 30,  September 30,                                                        2009           2008                                              -------------- --------------                                                                           Assets                                                                                                                                                Current assets                                                                                                                                          Cash and cash equivalents                      $ 4,237,284   $  2,670,988  Accounts receivable                              4,855,114      4,019,286  Prepaid expenses and other current assets          312,687        430,616                                              -----------------------------                                                                                                                              9,405,085      7,120,890                                                                           Property and equipment                             6,174,920      6,786,650                                                                           Deferred expenses                                          -         52,882                                                                           Intangible assets                                  3,892,211      5,164,492                                                                           Goodwill                                           1,664,759      1,498,539                                              -----------------------------                                                                                                                                                                                                                                                                                                                                                            $ 21,136,975   $ 20,623,453                                              -----------------------------                                              -----------------------------                                                                           Liabilities                                                                                                                                           Current liabilities                                                          Accounts payable and accrued liabilities       $ 7,785,812    $ 7,480,801  Purchase consideration payable                     869,803              -  Current portion of deferred revenue                410,088        658,045  Current portion of capital lease obligations       490,072        490,072  Loan payable                                       937,548        969,886  Asset retirement obligation                         41,503              -                                              -----------------------------                                                                                                                             10,534,826      9,598,804                                                                           Deferred revenue                                     195,059        363,108Long-term portion of capital lease obligations        38,500        375,875Restructuring liability                              176,056              -Asset retirement obligations                               -         22,009                                              -----------------------------                                                  10,944,441     10,359,796                                              -----------------------------                                                                           Shareholders' Equity                                                                                                                                  Share capital                                   $ 66,017,456   $ 65,614,347Warrants                                                   -      4,961,826Contributed surplus                               18,521,086     11,611,165                                              -----------------------------                                                  84,538,542     82,187,338                                              -----------------------------                                                                           Deficit                                          (72,536,814)   (70,767,148)                                                                           Accumulated other comprehensive loss              (1,809,194)    (1,156,533)                                              -----------------------------                                                                                                                            (74,346,008)   (71,923,681)                                              -----------------------------                                                                                                                             10,192,534     10,263,657                                                                                                                         -----------------------------                                                $ 21,136,975   $ 20,623,453                                              -----------------------------                                              -----------------------------

PNI Digital Media Inc.

Consolidated Statements of Loss and Comprehensive Loss


                                         2009           2008           2007                               -------------- -------------- --------------                                                                           Revenue                          $ 24,446,569   $ 17,049,587    $ 7,511,328                                                                           Expenses                                                                     Network delivery                  6,672,583      7,409,525      2,523,174  Software development              7,566,227      6,914,291      4,178,111  General and administration        4,893,640      4,480,258      3,199,727  Sales and marketing               1,202,699      1,140,028      1,134,350  Amortization of intangible                          assets                           3,243,359      3,214,908        574,184  Amortization of property and                       equipment                        2,770,357      2,044,145        649,270                               -------------- -------------- --------------                                   26,348,865     25,203,155     12,258,816                                                                                                                                                      Loss from operations before the                    undernoted                        (1,902,296)    (8,153,568)    (4,747,488)                                                                           Realized foreign exchange gain                      (loss)                               115,526         53,818       (365,474)Unrealized foreign exchange gain                    (loss)                               435,467        407,223     (1,349,690)                                                                           Interest income                         8,759        134,848        393,416Interest expense                     (219,951)      (123,192)             -                                                                           Loss on disposal of property,                                               plant & equipment                    (56,171)       (35,698)             -Gain on settlement of asset                                                 retirement obligation                      -         86,120              -Goodwill impairment (note 8)                -     (1,086,577)             -                                                                                                                                                                                     -------------- -------------- --------------                                                                                                                 283,630       (563,458)    (1,324,748)                               -------------- -------------- --------------                                                                           Loss before income taxes          ( 1,618,666)    (8,717,026)    (6,072,236)                                                                           Income tax expense                   (151,000)             -              -                                                                                                          -------------- -------------- --------------Net loss                           (1,769,666)    (8,717,026)    (6,072,236)                                                                           Other comprehensive loss:                                                                                                                             Unrealized foreign exchange loss                                            on translation of self-                                                    sustaining foreign operations       (652,661)      (346,964)      (809,569)                               -------------- -------------- --------------                                                                           Comprehensive loss               $ (2,422,327)  $ (9,063,990)  $ (6,881,805)                               -------------- -------------- --------------                               -------------- -------------- --------------                                                                                                                                                      Basic and fully diluted net loss                                            per share                       $      (0.05)  $      (0.26)  $      (0.20)                                                                           Weighted average number of                                                  common shares outstanding         33,610,843     33,383,866     29,877,739

PNI Digital Media Inc.

Non-GAAP Adjusted EBITDA Reconciliation

The following table provides a reconciliation of the Company's profit or (loss) reported in accordance with GAAP to non-GAAP Adjusted EBITDA.


                                                     Three Months Ended                                                    September 30,  September 30,                                                        2009           2008                                             ------------------------------                                                                           Net profit (loss) in accordance with GAAP      $     642,806  $  (2,714,584)Amortization                                       1,473,805      2,289,068Interest expense                                      52,799        108,010Income tax expense                                   151,000              -Stock based compensation expense                     449,691        445,584Unrealized foreign exchange (gain)                  (632,708)      (334,674)                                                                                                                        ------------------------------Adjusted EBITDA                                $   2,137,393  $    (206,596)                                             ------------------------------                                             ------------------------------                                                                                                                                                                                                          Twelve Months Ended                                                    September 30,  September 30,                                                        2009           2008                                             ------------------------------                                                                           Net (loss) in accordance with GAAP             $  (1,769,666)  $ (8,717,026)Amortization                                       6,013,716      5,259,053Interest expense                                     219,951        123,192Income tax expense                                   151,000               Stock based compensation expense                   2,016,015      1,511,504Unrealized foreign exchange (gain)                  (435,467)      (407,223)                                                                                                                        ------------------------------Adjusted EBITDA                                $   6,195,549  $  (2,230,500)                                             ------------------------------                                             ------------------------------

Non-GAAP Measures The Company continues to provide all information required in accordance with GAAP, but believes evaluating its ongoing operating results may not be as useful if an investor is limited to reviewing only GAAP financial measures. Accordingly, the Company uses non-GAAP financial information to evaluate its ongoing operations and for internal planning and forecasting purposes. The primary non-GAAP financial measures utilized by the Company include adjusted EBITDA and adjusted EBITDA per share. Adjusted EBITDA is defined as earnings before interest expense, taxes, depreciation, amortization, unrealized foreign currency gains and losses and stock-based compensation.

To supplement the Company's consolidated financial statements presented on a GAAP basis, we believe that these non-GAAP measures provide useful information about the Company's core operating results and thus are appropriate to enhance the overall understanding of the Company's past financial performance and its prospects for the future. These adjustments to the Company's GAAP results are made with the intent of providing both management and investors a more complete understanding of the Company's underlying operational results and trends and performance. Management uses these non-GAAP measures to evaluate the Company's financial results, develop budgets, manage expenditures, and determine employee compensation. The presentation of additional information is not meant to be considered in isolation or as a substitute for or superior to net income (loss) or net income (loss) per share determined in accordance with GAAP.

PNI Digital Media Inc.

Consolidated Statement of Profit (Loss) by Quarter


                                                                                               Q1 2009     Q2 2009     Q3 2009     Q4 2009       Total                -----------------------------------------------------------                                                                                                                                                                                                                                 Revenue         $ 7,176,333  $5,015,041  $5,443,760  $6,811,436 $24,446,569                                                                           Expenses                                                                    Software                                                                    development     1,810,956   1,843,612   1,866,661   2,044,998   7,566,227 General and                                                                 administration    988,226   1,141,451   1,211,004   1,552,960   4,893,640                                                                            Network  delivery        2,371,794   1,641,783   1,302,234   1,356,772   6,672,583 Sales and                                                                   marketing         322,864     346,240     297,921     235,674   1,202,699                                                                            Amortization     1,399,028   1,521,834   1,619,049   1,473,804   6,013,716                                                                                           -----------------------------------------------------------                                                                                             6,892,868   6,494,921   6,296,868   6,664,208  26,348,865                -----------------------------------------------------------                                                                           Profit (Loss)                                                               before the                                                                 undernoted         283,465  (1,479,880)   (853,109)    147,228  (1,902,296)                                                                           Realized foreign                                                            exchange (loss)                                                            gain               149,826     124,723    (280,411)    121,388     115,526Unrealized                                                                  foreign exchange (loss) gain        564,460     (66,691)   (695,010)    632,707     435,467                                                                           Interest income       6,998         671         363         728       8,759                                                                           Interest expense    (63,380)    (53,947)    (49,825)    (52,799)   (219,951)Loss on disposal                                                            of property and                                                            equipment             (725)          0           -     (55,447)    (56,171)                                                                                           -----------------------------------------------------------                                                                                               657,179       4,756  (1,024,883)    646,577     283,630                -----------------------------------------------------------                                                                           Profit (Loss)                                                               before income                                                              taxes              940,644  (1,475,124) (1,877,992)    793,805  (1,618,666)Future income                                                               tax recovery             -           -           -    (151,000)   (151,000)                                                                                           -----------------------------------------------------------Net Profit                                                                  (Loss)          $  940,644 $(1,475,124)$(1,877,992) $  642,805 $(1,769,666)                -----------------------------------------------------------                                                                           Non-GAAP                                                                    Adjusted EBITDA $2,291,975 $   663,916 $ 1,102,265  $2,137,393 $ 6,195,549                                                                           Non-GAAP                                                                    Adjusted EBITDA                                                            per share       $     0.07 $      0.02 $      0.03  $     0.06 $      0.18

About PNI Digital Media - The world's top retailers partner with PNI Digital Media to offer personalized products such as photo prints, photo books and gifts, personalized stationery and business cards for pick-up in as little as one hour. PNI Digital Media successfully generates millions of transactions each year for retailers and their thousands of locations worldwide.

For more information please visit www.pnimedia.com.

The statements that are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties. PNI Digital Media's actual results could differ materially for those expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, changes in technology, employee retention, inability to deliver on contracts, failure of customers to continue marketing the online solution, competition, general economic conditions, foreign exchange and other risks detailed in the Company's annual report and other filings. Additional information related to the Company can be found on SEDAR at www.sedar.com and on the SEC'S website at www.sec.gov/edgar.shtml. The information contained herein is subject to change without notice. PNI Digital Media shall not be liable for technical or editorial errors or omissions contained herein.

PNI Digital Media relies upon litigation protection for "forward-looking" statements.

The TSX Venture Exchange has neither approved nor disapproved the information contained in this release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts

Simon Bodymore
PNI Digital Media
CFO
(604) 893-8955 ext.229

Simon Cairns
PNI Digital Media
Investor Relations
866-544-4881
scairns@pnimedia.com
www.pnimedia.com

PNI Digital Media to Announce Fiscal 2009 Year-End and Fourth Quarter Financial Results

Thu, 03 Dec 2009 00:00:00 GMT

VANCOUVER, BC – December 3rd, 2009 - PNI Digital Media (TSX–V: PN; OTCBB: PNDMF), (“PNI” or the “Company”), the leading innovator in digital photography and media solutions for retailers announced today that it will host a conference call on Monday, December 14th at 4:30pm ET (1:30pm PT) to discuss the company’s Fiscal 2009 year-end and fourth quarter financial results. Mr. Kyle Hall, Chief Executive Officer, Mr. Aaron Rallo, President and Chief Operating Officer and Mr. Simon Bodymore, Chief Financial Officer will host the call.
To join the call, please dial 1 (888)-300-8196 (US/Canada) or 1 (647)-427-3426 (International) and quote conference ID no. 39626339. Please call 10 minutes prior to the scheduled start time.

PNI Digital Media will provide a live webcast, available at the company's website http://www.pnimedia.com/webcast.
A press release announcing the Company’s full year and quarterly results will be issued at 4:00pm ET (1:00pm PT) the same day, and simultaneously the company’s audited financial statements and MD&A will be available from http://www.pnimedia.com. An archived replay of the webcast will also be saved for 60 days on the Company’s website.

About PNI Digital Media- The world’s top retailers rely on PNI Digital Media to offer personalized products such as photo prints, photo books and gifts, personalized stationary and business cards for pick-up in as little as one hour. PNI Digital Media successfully generates millions of transactions each year for retailers and their thousands of locations worldwide.
For more information please visit www.pnimedia.com.

Investor Relations and Press Contact:
Simon Cairns
PNI Digital Media
866-544-4881
scairns@pnimedia.com

The statements that are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties. PNI Digital Media’s actual results could differ materially for those expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, changes in technology, employee retention, inability to deliver on contracts, failure of customers to continue marketing the online solution, competition, general economic conditions, foreign exchange and other risks detailed in the Company’s annual report and other filings. Additional information related to the Company can be found on SEDAR at www.sedar.com and on the SEC’S website at www.sec.gov/edgar.shtml. The information contained herein is subject to change without notice. PNI Digital Media shall not be liable for technical or editorial errors or omissions contained herein.
The TSX Venture Exchange has neither approved nor disapproved the information contained in this release. PNI Digital Media relies upon litigation protection for "forward-looking" statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

PNI Digital Media to Present at 2nd Annual LD MICRO Conference

Wed, 18 Nov 2009 00:00:00 GMT

PNI Digital Media to Present at 2nd Annual LD MICRO Conference

VANCOUVER, BC – November 18th, 2009 - PNI Digital Media (TSX–V: PN; OTCBB: PNDMF), (“PNI” or the “Company”), the leading innovator in enabling personalized products at retail, announced that Mr. Kyle Hall, Chief Executive Officer, will be a presenter at the 2nd annual LD MICRO Conference. The conference will be held on Thursday, December 3rd, 2009 at 9:00 a.m. in Los Angeles at the Luxe Sunset Hotel.

"We are honored to have a fast growing company like PNI attend the event. Right now, growth stories are a rare commodity in the markets and we are doing our best to recognize and showcase them to our investment community." said Chris Lahiji, President of LD MICRO.

PNI Digital Media has received a series of awards for growth and performance. Most recently, PNI Digital Media ranked number 82 on Deloitte’s 2009 Technology Fast 500, a ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the five year period from 2004–2008. PNI grew 2134% percent during this period. Deloitte’s Technology Fast 500 recognizes innovative companies that have broken down barriers to success and defied the odds with their remarkable five-year revenue growth.

About LD Micro- LD Micro is a by-invitation only newsletter firm that focuses on finding undervalued companies in the micro-cap space. Since 2002, the firm has published an annual list of recommended stocks as well as comprehensive reports on select companies throughout the year. For the past several years, LD MICRO has concentrated on finding, researching, and investing in companies that are overlooked by institutional investors. For more information on the list of presenting companies or to register for the event, please visit http://www.ldmicro.com or call (408) 457-1042.

About PNI Digital Media- The world’s top retailers rely on PNI Digital Media to offer personalized products such as photo prints, photo books and gifts, personalized stationary and business cards for pick-up in as little as one hour. PNI Digital Media successfully generates millions of transactions each year for retailers and their thousands of locations worldwide.
For more information please visit www.pnimedia.com.

Investor Relations and Press Contact:
Simon Cairns
PNI Digital Media
866-544-4881
scairns@pnimedia.com

The statements that are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties. PNI Digital Media’s actual results could differ materially for those expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, changes in technology, employee retention, inability to deliver on contracts, failure of customers to continue marketing the online solution, competition, general economic conditions, foreign exchange and other risks detailed in the Company’s annual report and other filings. Additional information related to the Company can be found on SEDAR at www.sedar.com and on the SEC’S website at www.sec.gov/edgar.shtml. The information contained herein is subject to change without notice. PNI Digital Media shall not be liable for technical or editorial errors or omissions contained herein.
The TSX Venture Exchange has neither approved nor disapproved the information contained in this release. PNI Digital Media relies upon litigation protection for "forward-looking" statements.

PNI Digital Media Ranked the 13th Fastest Growing Technology Company in Canada in the Deloitte Technology Fast 50"

Thu, 01 Oct 2009 00:00:00 GMT

VANCOUVER, BC – October 1st, 2009 - PNI Digital Media (TSX–V: PN; OTCBB: PNDMF), (“PNI” or the “Company”), the leading innovator in enabling personalized products at retail, announced that it is ranked among the Deloitte Technology Fast 50™, a ranking of the 50 fastest growing technology companies in Canada, based on the percentage of revenue growth over five years. PNI's increase in revenues of 2134% from 2004 to 2008 resulted in a 13th ranking.

For over 12 years, the Deloitte Technology Fast 50™ program has tracked the successful growth of Canadian-grown global leaders. Now Canada’s pre-eminent technology award program, the Deloitte Technology Fast 50™ augments the broader Deloitte North American Technology Fast 500 initiative, with winners automatically eligible for this elite ranking.

“Canadian technology companies have demonstrated some very impressive growth numbers over the past year, amid the challenges of a global recession,” said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. “PNI Digital Media is an example of the determination, drive and skill that will serve to position them for further growth and success as the economic recovery takes hold.”

PNI Digital Media's CEO, Kyle Hall, credits the dedication of the PNI team and the strength and adaptability of the PNI Digital Media platform with the company's 2134% revenue growth. Hall said, “Our highly talented team has consistently delivered leading edge services on behalf of our large retail partners. We now operate on six continents and are expanding the range of personalized products we enable for our retail partners.”

To qualify for the Deloitte Technology Fast 50™ ranking, companies must have been in business for at least five years, have revenues of at least $5 million, be headquartered in Canada, own proprietary technology, and conduct research and development activities in Canada. A panel of industry experts evaluate and judge companies based on four key criteria: competitive advantage; size, growth, and market attractiveness; management effectiveness and organization; and financial performance.

About the Deloitte Technology Fast 50™ - The Deloitte Technology Fast 50™ program is Canada’s pre-eminent technology awards program. Celebrating business growth, innovation and entrepreneurship, the program features four distinct categories including the Technology Fast 50™ Ranking, Companies-to-Watch Awards (early-stage Canadian tech companies in business less than five years, with the potential to be a future Deloitte Technology Fast 50™ candidate,) Leadership Awards (companies that demonstrate technological leadership in four industry subcategories: hardware/semiconductor, software, telecommunications and emerging technologies) and the Deloitte Technology Green 15™ Awards (Canada’s leading GreenTech companies that promote a more efficient use and re-use of the earth's resources in industrial production and consumption.) Program sponsors include Deloitte, Gowlings, GrowthWorks, RBC, Wellington Financial, Stonewood Group, HKMB Hub, CATAAlliance, CleanTech Group, IGLOO, ITAC, MaRS and Microsoft. For further information, visit www.fast50.ca.

About PNI Digital Media- The world’s top retailers rely on PNI Digital Media to offer personalized products such as photo prints, photo books and gifts, personalized stationary and business cards for pick-up in as little as one hour. PNI Digital Media successfully generates millions of transactions each year for retailers and their thousands of locations worldwide. Follow us on Twitter®: @PNI_Kyle and @PNI_Yasmin

For more information please visit www.pnimedia.com.

Investor Relations Contact:

Simon Cairns

PNI Digital Media

866-544-4881

scairns@pnimedia.com

The statements that are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties. PNI Digital Media’s actual results could differ materially for those expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, changes in technology, employee retention, inability to deliver on contracts, failure of customers to continue marketing the online solution, competition, general economic conditions, foreign exchange and other risks detailed in the Company’s annual report and other filings. Additional information related to the Company can be found on SEDAR at www.sedar.com and on the SEC’S website at www.sec.gov/edgar.shtml. The information contained herein is subject to change without notice. PNI Digital Media shall not be liable for technical or editorial errors or omissions contained herein.

The TSX Venture Exchange has neither approved nor disapproved the information contained in this release. PNI Digital Media relies upon litigation protection for "forward-looking" statements.

PNI Digital Media Provides Q4 Business Update

Wed, 09 Sep 2009 00:00:00 GMT

VANCOUVER, BC – September 9th, 2009 - PNI Digital Media (TSX–V: PN; OTCBB: PNDMF), (“PNI” or the “Company”), the leading innovator in enabling personalized products at retail, announced the Company’s Fiscal Year 2009 Q4 interim update.

Fourth quarter to date, retail sales transacted over the PNI Digital Media Platform on behalf of PNI’s retail partners exceeds 20% growth compared to the same period for Fiscal Year 2008. With 2.6 million orders being transacted so far this quarter, the average daily order volume over the PNI Digital Media Platform is in excess of 38,000 per day, marking the current quarter as the busiest non-holiday quarter in the company’s history.

The Company’s full year audited financial results are expected to be announced in mid December 2009. In conjunction with this, the Company will host a conference call and webcast. Details on the exact date and time will be provided closer to the release date.

Corporate Update:

On September 8th, 2009, PNI Digital Media was ranked as the 7th fastest growing company in British Columbia by the publication Business in Vancouver. This annual ranking of B.C.’s Top 100 Fastest Growing Companies tracked PNI’s performance over the period from 2004-2008 whereby PNI’s revenue grew more than 2100%. More information including a full article on PNI Digital Media can be found at http://www.biv.com (subscription required).

PNI Digital Media is pleased to announce the PNI Mobile Photo Center application for the Apple iPhone™ platform has been submitted to Apple and, once accepted, will be launched for PNI’s retail partners. Branded for specific retail partners, the PNI Mobile Photo Center enables users to easily capture and send photos to PNI retail partners for ordering prints and photo gifts for pick-up in as little as one hour.

Kyle Hall, Chief Executive Officer of PNI Digital Media, has been invited to speak at the InfoTrends 2009 Digital Imaging Conference on September 17th, 2009 in Burlingame, CA. Mr. Hall will take part in a panel discussion on the relationship between social media and photo retail services. Bringing together industry leaders and key decision makers, full details of Digital Imaging ‘09 can be found at http://www.infotrends.com.

“PNI’s performance is tracking closely to management’s expectations,” said Mr. Hall. “Transactions via the PNI Digital Media Platform and the PNI Connected Kiosks are both showing to be quite strong over the summer months as our retail partners on all continents continue to offer their consumers great value for photo prints and other creative photo products.”

For more information please visit www.pnimedia.com.

Investor Relations Contact:

Simon Cairns

PNI Digital Media

866-544-4881

scairns@pnimedia.com

The statements that are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties. PNI Digital Media’s actual results could differ materially for those expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, changes in technology, employee retention, inability to deliver on contracts, failure of customers to continue marketing the online solution, competition, general economic conditions, foreign exchange and other risks detailed in the Company’s annual report and other filings. Additional information related to the Company can be found on SEDAR at www.sedar.com and on the SEC’S website at www.sec.gov/edgar.shtml. The information contained herein is subject to change without notice. PNI Digital Media shall not be liable for technical or editorial errors or omissions contained herein.

The TSX Venture Exchange has neither approved nor disapproved the information contained in this release. PNI Digital Media relies upon litigation protection for "forward-looking" statements.

PNI Digital Media Sets Record Q3 Revenue with Record

Wed, 12 Aug 2009 00:00:00 GMT

VANCOUVER, BC – August 12th, 2009 - PNI Digital Media (TSX–V: PN; OTCBB: PNDMF), (“PNI” or the “Company”), the leading innovator in digital photography and media solutions for retailers, announced that revenue for the third quarter, Fiscal Year 2009 was $5,443,760, representing an increase of 29% over the same period last year. Furthermore, a third quarter record of 3.4 million orders were transacted over the PNI Digital Media Platform, representing a 79% increase year over year. Non-GAAP adjusted EBITDA was $1,102,357, representing a 212% increase over the same period, last year.

The Company’s third quarter results will be discussed on a conference call on August 12th, 2009 at 4:30pm ET, 1:30pm PT. Investors and interested parties should dial 1-888-300-8196 or 1-647-427-3426 and quote conference ID no. 18223556. Please call 10 minutes prior to the scheduled start time. PNI Digital Media will also offer a live and archived webcast, available at the company's website http://www.pnimedia.com/webcast.

All amounts are expressed in Canadian dollars. The following discussion is qualified in its entirety by reference to the Company’s financial statements and accompanying Management Discussion and Analysis, which are accessible on the SEC’S website at www.sec.gov/edgar.shtml and on SEDAR at www.sedar.com.

“Our continued execution of our business plan has resulted in another solid quarter of growing revenue while keeping expenses under control,” said Kyle Hall, Chief Executive Officer of PNI Digital Media. “We set new PNI records for Q3 revenue and transactions while reducing cash expenses by 17% year over year. We continued to develop innovative solutions for the coming holiday season, new consumer experiences for next year, and new vertical applications of the PNI Digital Media Platform, all while maintaining our commitment to being increasingly profitable on an adjusted EBITDA basis. I’m very proud of our team’s performance.”
Third Quarter Financial Highlights:

Total revenues for the quarter of $5,443,760 compared to $4,217,992 for the third quarter of fiscal 2008, representing a 29% increase year on year.

Transactional revenue of $3,905,096, representing a 39% increase year on year.

Transaction fees represented 72% of total revenue during the quarter vs. 66% during the third quarter of fiscal 2008.

GAAP net loss from operations for the quarter of $853,109 compared to $2,427,704 for the same period of fiscal 2008.

Non-GAAP adjusted EBITDA for the quarter (defined as net loss plus amortization, interest expense, share-based compensation expense and un-realized foreign exchange loss (gain)) of $1,102,357, compared to a non-GAAP adjusted EBITDA loss of ($984,668) in the third quarter of 2008.

Non-GAAP adjusted EBITDA per share of $0.03 for the quarter compared to a non-GAAP adjusted EBITDA loss per share of ($0.03) in the third quarter of 2008.

Operational Highlights

3.4 million orders transacted during the quarter, compared to 1.9 million in the third quarter of fiscal 2008, representing an increase of 79% year over year.

Average daily order volume handled during the quarter of approximately 38,000 orders.

PNI Digital Media Inc.

Consolidated Balance Sheets

Unaudited – Prepared by Management

(Expressed in Canadian dollars)

	June 30, 2009	September 30, 2008
Assets

Current assets
Cash and cash equivalents	$ 3,676,687	$ 2,670,988
Accounts receivable	4,371,392	4,019,286
Prepaid expenses and other current assets	415,183	430,616
	8,463,262	7,120,890
Property and equipment	6,578,979	6,786,650
Deferred expenses	-	52,882
Intangible assets	5,430,483	5,164,492
Goodwill	1,504,234	1,498,539
	$ 21,976,958	$ 20,623,453

Liabilities
Current liabilities
Accounts payable and accrued liabilities	$ 8,039,172	$ 7,480,800
Purchase consideration payable	1,460,883	-
Current portion of deferred revenue	601,229	658,045
Current portion of capital lease obligations	490,072	490,072
Loan payable	1,017,038	969,886
	11,608,394	9,598,803

Deferred revenue	106,422	363,108
Long-term portion of capital lease obligations	129,016	375,875
Contingent consideration	105,727	-
Asset retirement obligations	23,749	22,009
	11,973,308	10,359,795

Shareholders’ Equity
Share capital	$ 66,017,456	$ 65,614,347
Warrants	-	4,961,826
Contributed surplus	18,071,487	11,611,165
	84,088,943	82,187,338

Deficit	(73,179,620)	(70,767,148)
Accumulated other comprehensive loss	(905,673)	(1,156,532)
	(74,085,293)	(71,923,680)
	10,003,650	10,263,658
	$ 21,976,958	$ 20,623,453

	Three Months Ended		Nine Months Ended
	June 30, 2009	June 30, 2008	June 30, 2009	June 30, 2008

Revenue	$ 5,443,760	$ 4,217,992	$ 17,635,132	$ 11,776,085
Expenses
Network delivery	1,302,234	1,986,924	5,315,811	5,454,718
Software development	1,866,661	1,902,773	5,521,229	5,219,847
General and administration	1,211,004	1,352,503	3,340,680	3,294,978
Sales and marketing	297,921	322,128	967,025	944,108
Amortization	1,619,049	1,081,368	4,539,911	2,969,986

	6,296,869	6,645,696	19,684,656	17,883,637

Net loss before the undernoted	(853,109)	(2,427,704)	(2,049,524)	(6,107,552)
Realized foreign exchange (loss) gain	(280,411)	31,183	(5,863)	(34,980)
Unrealized foreign exchange (loss) gain	(695,010)	6,961	(197,240)	(72,550)
Interest income	363	6,655	8,032	117,783
Interest expense – capital lease	(36,075)	-	(120,696)	(9,119)
Interest expense - other	(13,750)	(1,080)	(46,456)	(8,136)

Gain (loss) on disposal of property, plant & equipment	-	-	(725)	25,741
Gain on settlement of asset retirement obligation	-	86,371	-	86,371
	(1,024,883)	130,090	(362,948)	105,110
Net loss	(1,877,992)	(2,297,614)	(2,412,472)	(6,002,442)
Other comprehensive loss:
Unrealized foreign exchange gain (loss) on translation of self sustaining foreign operations	677,436	(161,213)	250,859	(131,438)
Comprehensive loss	$ (1,200,556)	$ (2,458,827)	$ (2,161,613)	$(6,133,880)
Basic and fully diluted net loss per share	$ (0.05)	$ (0.07)	$ (0.07)	$ (0.18)
Weighted average number of common shares outstanding	34,243,182	33,403,690	33,799,862	33,361,427

PNI Digital Media Inc.
Non-GAAP Adjusted EBITDA Reconciliation
Unaudited – Prepared by Management
(Expressed in Canadian dollars)

	Jun 30, 2009	Mar 31, 2009	Dec 31, 2008	Sep 30, 2008

Net (loss) profit in accordance with GAAP	(1,877,992)	(1,475,124)	940,644	(2,714,584)
Amortization	1,619,049	1,521,834	1,399,028	2,289,068
Interest expense	49,825	53,947	63,380	108,010
Stock based compensation expense	616,465	496,568	453,383	445,584
Unrealized foreign exchange loss (gain)	695,010	66,691	(564,460)	(334,674)
Adjusted EBITDA	1,102,357	663,916	2,291,975	(206,596)

Non-GAAP Measures

This release includes references to non-GAAP adjusted EBITDA and non-GAAP adjusted EBITDA per share data. These non-GAAP measures are not in accordance with, or an alternative for measures prepared in accordance with, generally accepted accounting principles and may be different from non-GAAP measures used by other companies. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles.

PNI Digital Media believes that the presentation of certain non-GAAP measures, including non-GAAP adjusted EBITDA and non-GAAP adjusted EBITDA per share, when shown in conjunction with the corresponding GAAP measures, provides useful information to investors and management regarding financial and business trends relating to its financial condition and results of operation.

About PNI Digital Media- Founded in 1995, PNI Digital Media operates the PNI Digital Media Platform, which provides transaction processing and order routing services for major retailers. The PNI Digital Media Platform connects consumer ordered digital content, whether from in-store kiosks, online sites or desktop software, with retailers that have on-demand manufacturing capabilities for the production of merchandise such as photos and business documents. PNI Digital Media successfully generates millions of transactions each year for retailers and their thousands of locations worldwide. Follow us on Twitter®: @PNI_Kyle and @PNI_Yasmin
For more information please visit www.pnimedia.com.

For Financial Information, Contact:
Simon Bodymore, CFO
(604) 893-8955 ext. 229
sbodymore@pnimedia.com

For Investor Relations, Contact:
Simon Cairns
PNI Digital Media
866-544-4881
scairns@pnimedia.com

The statements that are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties. PNI Digital Media’s actual results could differ materially for those expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, changes in technology, employee retention, inability to deliver on contracts, failure of customers to continue marketing the online solution, competition, general economic conditions, foreign exchange and other risks detailed in the Company’s annual report and other filings. Additional information related to the Company can be found on SEDAR at www.sedar.com and on the SEC’S website at www.sec.gov/edgar.shtml

The TSX Venture Exchange has neither approved nor disapproved the information contained in this release. PNI Digital Media relies upon litigation protection for "forward-looking" statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

PNI Digital Media to Host Conference Call for Fiscal Year 2009 Q3 Financial Results

Thu, 23 Jul 2009 00:00:00 GMT

VANCOUVER, BC – July 23, 2009 - PNI Digital Media (TSX–V: PN; OTCBB: PNDMF), (“PNI” or the “Company”), the leading innovator in digital photography and media solutions for retailers today announced that it will host a conference call on Wednesday, August 12th, 2009 at 4:30pm ET (1:30pm PT) to discuss its Fiscal Year 2009 Q3 unaudited financial results. Mr. Kyle Hall, Chief Executive Officer, Mr. Aaron Rallo, President and Chief Operating Officer and Mr. Simon Bodymore, Chief Financial Officer will host the call.
To join the call, please dial 1-888-300-8196 or 1-647-427-3426 and quote conference ID no. 18223556. Please call 10 minutes prior to the scheduled start time. PNI Digital Media will also offer a live and archived webcast, available at the company's website http://www.pnimedia.com/webcast.
A press release announcing the Company’s quarterly results will be issued at 4:00pm ET (1:00pm PT) the same day. The quarterly Management Discussion and Analysis and unaudited quarterly financial statements will be made available at http://www.pnimedia.com. An archived replay of the webcast will also be saved for 60 days on the Company’s website.
About PNI Digital Media- Founded in 1995, PNI Digital Media operates the PNI Digital Media Platform, which provides transaction processing and order routing services for major retailers. The PNI Digital Media Platform connects consumer ordered digital content, whether from in-store kiosks, online sites or desktop software, with retailers that have on-demand manufacturing capabilities for the production of merchandise such as photos and business documents. PNI Digital Media successfully generates millions of transactions each year for retailers and their thousands of locations worldwide. Follow us on Twitter®: @PNI_Kyle and @PNI_Yasmin
For more information please visit www.pnimedia.com.

Investor Relations Contact:
Simon Cairns
PNI Digital Media
866-544-4881
scairns@pnimedia.com

The statements that are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties. PNI Digital Media’s actual results could differ materially for those expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, changes in technology, employee retention, inability to deliver on contracts, failure of customers to continue marketing the online solution, competition, general economic conditions, foreign exchange and other risks detailed in the Company’s annual report and other filings. Additional information related to the Company can be found on SEDAR at www.sedar.com and on the SEC’S website at www.sec.gov/edgar.shtml
The TSX Venture Exchange has neither approved nor disapproved the information contained in this release. PNI Digital Media relies upon litigation protection for "forward-looking" statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

PNI Digital Media and Walmart Canada Team Up to Offer Online Printing Services for Small Businesses

Wed, 15 Jul 2009 00:00:00 GMT

VANCOUVER, BC – July 16th, 2009 - PNI Digital Media (TSX–V: PN; OTCBB: PNDMF), (“PNI” or the “Company”), the leading innovator in digital photography and media solutions for retailers, announces that it has teamed up with Walmart Canada to offer a range of printing services and products to fit the needs of small businesses.

Part of the Walmart PhotoCentre located at www.walmartphotocentre.ca, Business Printing enables small business owners and consumers to easily order marketing and business materials using designs provided by PNI Digital Media. Products include business cards, notepads, letterhead, envelopes, fliers and posters.

Walmart Business Printing also offers services such as color, black & white copy services and coil-bound printing services.

Furthermore, the PNI-powered Business Printing service offers a broad range of promotional products such as customized calendars, fridge magnets, golf balls and mugs upon which companies can print their logos and other information on.

Each product is available in a range of standard sizes, and all orders are available for home or office delivery, or pick up at any of Walmart’s 312 stores across Canada. With more than 100 new design sets, the Walmart PhotoCentre can offer print and branding solutions for a broad range of markets from Health Care to Bath and Beauty to Real Estate.

“With an average of 130,000 new small businesses opening across Canada yearly, we’re excited at the growth potential of this marketplace” said Kyle Hall, Chief Executive Officer of PNI Digital Media. “By leveraging the extensibility of our PNI Digital Media Platform, Walmart can instantly offer compelling products in a whole new market segment. Over time we will see more services and products added to the PNI Digital Media Platform that are focused on solutions for small business.”

”These new services are an integral part of our commitment to provide our customers the best assortment of on-demand printing services,” said Crystal Taylor, National Manager for Walmart PhotoCentre. “Whether it is photo, photo gifts or business printing items, Walmart offers our customers great products at low prices. Walmart PhotoCentre is much more than just photo printing.”

About Walmart Canada: Walmart Canada operates a growing chain of discount stores and Supercentres with 312 locations nationwide serving more than one million Canadians each day. With more than 80,000 associates, Walmart Canada is the nation's fourth largest employer. The company has committed to three long-term goals for environmental sustainability that guide its operations and partnerships: 1. To become a zero waste business; 2. To operate with 100 per cent renewable energy; 3. To provide customers with products that sustain resources and the environment.

For more information please visit www.pnidigitalmedia.com.

Investor Relations Contact:

Simon Cairns

PNI Digital Media

866-544-4881

scairns@pnimedia.com

The TSX Venture Exchange has neither approved nor disapproved the information contained in this release. PNI Digital Media relies upon litigation protection for "forward-looking" statements.

PNI Digital Media Adds New Distributors and New Retailers with PNI Connected Kiosk"

Thu, 09 Jul 2009 00:00:00 GMT

VANCOUVER, BC – July 9th, 2009 - PNI Digital Media (TSX–V: PN; OTCBB: PNDMF), (“PNI” or the “Company”), the leading innovator in digital photography and media solutions for retailers, is pleased to announce several new initiatives related to its PNI Connected Kiosk™.
PNI and Retail Imaging Management Group (“Retail Imaging”) are working together to distribute the PNI Connected Kiosk to major retail customers across the US.ibutors and New Retailers with PNI Connected Kiosk™

Flexibility of the PNI Connected Kiosk Opens New Markets for PNI and Allies

Retail Imaging has already enabled PNI to sell the traditional touch-screen terminal-based version of the PNI Connected Kiosk into Fred Meyer and King Soopers, announced on April 30th, 2009. PNI and Retail Imaging have now teamed up to place the web version of the PNI Connected Kiosk with Associated Foods Stores’ online PixureThis™ photo solution (http://www.pixurethis.com). Based in Salt Lake City, UT, and with more than 500 independently owned supermarkets in eight states, Associated Foods Stores will also distribute a downloadable version of the PNI Connected Kiosk to PixureThis consumers.

PNI has also teamed up with Photo Gift World (“PGW”) to launch the online version of the PNI Connected Kiosk to a new range of PGW customers including small retailers, corporations, non-profit organizations and schools. PGW, the leading producer of photo gifts, photo books and calendars for Canadian retailers, is now actively pursuing partnerships in the US. The PNI Connected Kiosk (web version) enables PGW to offer their thousands of photo gift products in an efficient manner to any number of new customers with ease.
PNI also announces that the PNI Connected Kiosk, web version, will be the online photo ordering solution for Photogifts Limited of the UK. Photogifts Ltd. operates http://www.photogifts.co.uk and by adding the PNI Connected Kiosk they are able to offer a flexible and easy ordering solution for both prints and personalized photo gifts.

“The true value of the PNI Connected Kiosk lies in its versatility and reach,” said Kyle Hall, Chief Executive Officer of PNI Digital Media. “By empowering our distributors to be able to sell, customize and deploy the technology on our behalf, PNI can unlock entirely new market segments previously unavailable to the Company. Coupled with the PNI Platform’s routing tier, the PNI Connected Kiosk is unique in the marketplace.”
The PNI Connected Kiosk enables consumers to easily create and order a range of personalized photo products including prints, photo books, calendars, gifts and more. Given the flexible nature of the PNI Connected Kiosk technology, retailers can deploy the PNI Connected Kiosk as their touch-screen ordering system on in-store terminals, as a “home kiosk” for installation on their home PC, and online as a “web kiosk” via a standard web browser. The Company is actively selling all three versions (traditional kiosk, home software and web version) of the PNI Connected Kiosk. More information on the PNI Connected Kiosk including an online demonstration can be found the PNI website at: www.PNIMEDIA.com.
About PNI Digital Media- Founded in 1995, PNI Digital Media operates the PNI Digital Media Platform, which provides transaction processing and order routing services for major retailers. The PNI Digital Media Platform connects consumer ordered digital content, whether from in-store kiosks, online sites or desktop software, with retailers that have on-demand manufacturing capabilities for the production of merchandise such as photos and business documents. PNI Digital Media successfully generates millions of transactions each year for retailers and their thousands of locations worldwide. Follow us on Twitter®: @PNI_Kyle and @PNI_Yasmin
For more information please visit www.pnimedia.com.

Investor Relations Contact:
Simon Cairns
PNI Digital Media
866-544-4881
scairns@pnimedia.com

The statements that are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties. PNI Digital Media’s actual results could differ materially for those expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, changes in technology, employee retention, inability to deliver on contracts, failure of customers to continue marketing the online solution, competition, general economic conditions, foreign exchange and other risks detailed in the Company’s annual report and other filings. Additional information related to the Company can be found on SEDAR at www.sedar.com and on the SEC’S website at www.sec.gov/edgar.shtml
The TSX Venture Exchange has neither approved nor disapproved the information contained in this release. PNI Digital Media relies upon litigation protection for "forward-looking" statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

PNI Digital Media Earns Top Export Growth Award by PROFIT Magazine

Tue, 07 Jul 2009 00:00:00 GMT

VANCOUVER, BC – July 7th, 2009 - PNI Digital Media (TSX–V: PN; OTCBB: PNDMF), (“PNI” or the “Company”), the leading innovator in digital photography and media solutions for retailers, announces that it has been awarded PROFIT Magazine’s Fastest Growing Exporter in Canada award, growing export-based revenues by more than 13,000% over the past five years.

The Top Export Growth Award, presented at the PROFIT 100 CEO Summit, comes in conjunction with PNI Digital Media finishing 1st for public companies, and 5th overall, in the 2009 PROFIT 100 ranking. The ranking is published in the June issue of PROFIT and online at PROFIT100.com, and is considered Canada’s largest celebration of entrepreneurial achievement. For the period 2003-2008, PNI’s revenue grew 6571%, placing it 5th overall and 1st in the ranking amongst public companies.

“I graciously accept this award on behalf of the employees and shareholders of PNI Digital Media” said Kyle Hall, Chief Executive Officer. “With an established presence on six continents, PNI will further expand its efforts internationally through 2009-2010 to reach more retail customers around the globe.”

About PROFIT Magazine: PROFIT: Your Guide to Business Success, is Canada’s preeminent publication dedicated to the management issues and opportunities facing small and mid-sized businesses. For more than 25 years, Canadian entrepreneurs across a vast array of economic sectors have remained loyal to PROFIT because it’s a timely and reliable source of actionable information that helps them increase their revenues, boost their profitability and get the recognition they deserve for generating positive economic and social change. Published six times a year by Rogers Publishing Ltd., PROFIT is distributed almost exclusively to the chief executives of companies with 5 to 250 employees and annual revenue of $1 million to $25 million, reaching 306,000 readers across Canada. Visit PROFIT online at http://www.PROFITmagazine.ca.

For more information please visit www.pnimedia.com.

Press Inquiries:

Investor Relations Contact:

Simon Cairns

PNI Digital Media

866-544-4881

scairns@pnimedia.com

The TSX Venture Exchange has neither approved nor disapproved the information contained in this release. PNI Digital Medial relies upon litigation protection for "forward-looking" statements.