Internet Pictures Corporation - IPIX- Profile

Internet Pictures Corporation. The Group's principal activity is to provide mission-critical imaging solutions for commerce, communication and security applications. The solutions of the Group create, process and manage a rich variety of media including still images, 360-degree by 360-degree immersive images, video, text and audio. It operates through two segments: Transaction Services and Immersive Solutions. Transaction Services segment focuses on the sale of the Group's solutions to customers who rely on images to complete business transactions such as real estate, auctions and classifieds. The Immersive Solutions segment focuses on the sale of immersive still technology licenses for real estate, travel, hospitality and visual documentation markets. It also provides observation and security products and services for commercial and governmental customers. Its major customers include Homestore and eBay. Transaction Services accounted for 72% of 2002 revenues & Immersive Solutions, 28%.