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Corbis and amana Form Joint Venture to Serve Japanese Image Market

Press release from the issuing company

SEATTLE AND TOKYO (July 2, 2001) – Corbis (www.corbis.com), and amana Corporation (www.amana.co.jp) announced today that they have formed a joint venture to provide commercial and editorial stock images to the Japanese market. Under the terms of the agreement, Corbis and amana will jointly open an office in Tokyo in early 2002. Corbis will provide international commercial and editorial content and amana will provide local Japanese content to the Corbis Japan office. In addition to the content offered through Corbis Japan, Corbis editorial, commercial and royalty free content will also be sold by amana sales networks in Japan. “The Japanese market is the second largest image buying market in the world,” said Leslie Hughes, president of Corbis, “By choosing to partner with the strongest player in the market, we gain access to a pre-established, qualified customer base, localized web and marketing, and a trusted reputation with amana.” Mio Kinouchi, sales manager for amana images (amana’s stock division), will become the President, and Ericka Calvert, international business manager for Corbis, will become the new general manager of the Corbis Japan office. Together Kinouchi and Calvert will build the Corbis Japan offering of useful, relevant, international and local commercial and editorial content for the domestic Japanese market. “The Corbis content strengthens our ability to offer a total image solution to our customers,” said Mr. Hironobu Shindo, president and CEO of amana, Japan. “We want to fulfill all of our customer’s image needs from commercial/editorial stock, news, royalty free content, assignment or digital imaging.” Until the Corbis Japan office opens in early 2002, Corbis will continue to be represented by its existing sub-agents and distributors in Japan for the remainder of 2001.

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