Eastman Kodak Company today announced that it will extend its
relationship with CVS/pharmacy through 2016. CVS/pharmacy operates 7,400
stores across the U.S. and is the largest customer of Kodak's Retail
Systems Solutions (RSS) business. RSS is the world leader in retail
print solutions with a global footprint of 105,000 KODAK Picture Kiosks.
"CVS/pharmacy is a valued partner to Kodak. This four-year extension of
our relationship is great news for both companies, and for consumers who
enjoy our services," said Laura Quatela, President of Kodak and
Personalized Imaging. "Together, Kodak and CVS/pharmacy have advanced
the in-store photo experience, offering consumers a variety of quality,
personalized products they can create instantly and easily. We thank
CVS/pharmacy for their partnership and look forward to continuing to
work with them to grow their photo services business."
CVS/pharmacy has over 15,000 KODAK Picture Kiosks in its stores. As part
of this agreement, CVS/pharacy will be upgrading and expanding its
fleet of KODAK Adaptive Picture Exchange (APEX) dry lab systems, which
provide a more economical way for retailers to produce photo products,
improve profitability, reduce their environmental footprint, and expand
their customer offerings. Following the positive customer response to
the print from FACEBOOK feature, CVS/pharmacy recently launched mobile
printing from smartphones to the KODAK Kiosk.
Because this new agreement resolves certain pre-chapter 11 issues
between the two companies, it will be brought before the Court for
approval at a hearing scheduled for December 7.
"As we proceed with the sale process for the Personalized Imaging
business, which includes RSS, this agreement is further proof of
customer demand for Kodak's market-leading products and services - and
potential buyers recognize this," added Quatela. "We remain strongly
committed to providing our customers with the high level of service we
About Kodak Retail Systems Solutions
Retail Systems Solutions (RSS) is a market-leading business that is part
of Kodak's Personalized Imaging business. RSS is the world leader in
retail print solutions with 105,000 KODAK Picture Kiosks at retail
locations across the globe. Kodak introduced the first photo kiosk in
1993. Its KODAK Adaptive Picture Exchange (APEX) dry lab solution also
has number one market share worldwide. Kodak's solutions help retailers
advance their in-store photo centers and offer consumers a variety of
unique photo products including photo books, personal greeting cards,
collages, calendars, and more. For more information, please visit www.kodak.com/go/rss.
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