Swedish and Norwegian high tech companies join forces - Picsearch and InBusiness offer unique Web TV solution

STOCKHOLM, Sweden, July 10, 2008 - It was announced today that the Norwegian company InBusiness is integrating Picsearch video streaming service into their product offering. The multi-year agreement between InBusiness and Picsearch will provide a platform for further development and improvements of different Web TV and video solutions.

Alf Hinna, Managing Director of InBusiness, said "We know that Web TV services are an essential and crucial part of any company with online presence. We have tried out and examined several other possible providers of Web TV solutions to find the ideal partner for InBusiness and our clients. We needed a highly reliable, scalable and easy to integrate service. We are proud to announce that Picsearch has been chosen to be our partner for Web TV services."

InBusiness's main product is i-tools, which is one of the most used publishing tool in Norway. i-tools is used by many of Norway's largest companies and organizations as well as by smaller businesses. Current customers of i-tools can from now on easily add any web-tv or video community functionality they want.

One of the first partners taking advantage of this opportunity is Stavanger2008, which is the organization in charge of European Capital of Culture 2008. Web TV provides people the ability to take part in what is happening wherever they are located and at whatever time they want. You can see the Web TV from Stavanger 2008 here: http://www.stavanger2008.no/?event=about.tvlist

Robert Risberg, Picsearch's CEO said "A close cooperation between Picsearch and InBusiness allows our common customers to enjoy a seamless solution where users can use one of the most advanced publishing systems together with a premium Web TV solution. It is a great day for Picsearch and InBusiness, but the real winner of this agreement is our common customers."

Online video is one of the most popular features on the Internet. Online video is used for a range of purposes including e-commerce, community video sharing, news streaming, corporate information, and many other specialized video markets.


About Picsearch
Picsearch AB (publ) is a premium provider of multimedia search and web TV services. The Web TV and other video sharing services are built to be flexible and used today in video communities, e-commerce portals, real estate market places, and for different video applications at news and corporate websites. Picsearch search services are market leading in relevancy and family friendliness. Picsearch powers numerous leading Internet sites as well as its own Internet properties. Picsearch was founded in 2000, is privately held and headquartered in Stockholm, Sweden. For more information please visit http://about.picsearch.com.


About InBusiness
InBusiness AS is a leading provider of online publishing systems in Norway with over ten years of experience. InBusiness has implemented in excess of 1800 different web sites, from which over 1000 customers are using InBusiness' software i-tools to publish and renew their content. Among InBusiness partners you can find companies like www.Deal.no, Den Norske Kirke (www.kirken.no), Oil Information (www.oilinfo.no), Offshore Northern Seas (www.ons.no), Næringsforeningen i Trondheim (www.trondheim-chamber.no) and many more. InBusiness has offices in Stavanger, Tonsberg and Newcastle, and partners in most large cities of Norway. For more information please visit www.inbusiness.no.


For more information please contact:
Carl Sarnstrand, Communications Manager at Picsearch
Tel: +46 73 204 14 79
E-mail: carl.sarnstrand@picsearch.com


Thomas Moe, Technical Project Manager at InBusiness
Tel: +47 404 486 10
E-mail: thomas.moe@inbusiness.no