Snapfish by HP Acquires Video Platform Technology from Motionbox, Inc.

Palo Alto, CA

PALO ALTO, Calif., July 20, 2010 – Snapfish by HP announced an agreement to acquire the video technology platform from Motionbox, Inc., the video sharing site with over 2.8 million members worldwide. This acquisition will enable Snapfish to expand its online video offering.

Waller Capital Partners acted as the exclusive financial advisor to Motionbox and Constellation Growth Capital, their primary equity backer.

Motionbox customers will now be able to experience a seamless photo and video sharing experience as their digital assets will be in one place when they set up their Snapfish account.

“We think Snapfish’s integration of the technology acquired from Motionbox will be a great way to take personal video sharing to the next level”, said Josh Grotstein, CEO of Motionbox and an early backer of the Company. “Our vision has always been to make sharing personal videos as easy and affordable as sharing digital` photos. No other photo sharing company is nearly as well positioned to bring our platform to a wide, global market.”

Snapfish, by HP, is the No. 1 online photo service in the world, with more than 90 million members worldwide and more than four billion unique photos stored online.

About Motionbox Originally launched in 2006, Motionbox provides an integrated, intuitive technology platform for editing, sharing and storing personal video memories online. Motionbox recognizes the diversity of formats produced by mobile phones, traditional camcorders, pocket video cams and point-and-shoot cameras and allows users to easily upload and edit their videos online regardless of device, source format or file size. More information about Motionbox is available at http://www.motionbox.com.

About HP HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The world’s largest technology company, HP brings together a portfolio that spans printing, personal computing, software, services and IT infrastructure to solve customer problems. More information about HP (NYSE: HPQ) is available at http://www.hp.com.

About Waller Capital Partners Waller Capital Partners is a leading Investment Bank focused on the media, communications and information industries. Founded in 1982, the firm delivers unbiased, strategic advice and execution capabilities on mergers, acquisitions, restructurings, recapitalizations, private financings, asset swaps and valuations. The Firm does not engage in the underwriting or trading of public securities, which allows it to provide independent advice, free from the conflicts of interest inherent within larger banks.