Archives for January 20, 2012

PMA advances growth plans for next year, PMA@CES 2013

Mark your calendar for 2013 PMA@CES, Jan. 8-11, 2013

After a successful PMA@CES exhibition and conferences in Las Vegas, the leadership of PMA, the Worldwide Community of Imaging Associations, is looking ahead to year full of new programs, events and services.

“This year was one of incredible change in our industry and at PMA,” says 2012-2013 PMA President Allen Showalter, King Photo/Showalter Imaging Group, Harrisonburg, Va. “There seemed to be as much variety in the challenges we faced as there are SKU’s in digital products! As a result, PMA is focused on building our support for all our members with increased communication among members and suppliers.”

Showalter, who returns to PMA presidency after serving in 2008-09, is the association’s first two-term president. Other association officers were elected for the 2012-2013 term: Gabrielle Mullinax, Fullerton Photographics Inc., Fullerton, Calif., was moved to president-elect; Mark Klostermeyer, MCPF, Design Frames LLC, Falls Church, Va., was elected vice president; and Robert L. Hanson, Harold’s Photo Center, Sioux Falls, S.D., is the treasurer. PMA 2010-2012 president Brian Wood, Photovision, Salem, Ore., is a trustee. Jim Esp was elected PMA executive director/secretary.

“I’m so proud to be a part of the PMA leadership team, I understand the challenges we are facing require a knowledge of the roots of the organization, which need to be nurtured to reestablish our firm foundation,” says Klostermeyer, who served as president-elect in 2010-12. “Nothing changes my level of support or enthusiasm, however, in the new directions PMA is headed!”

Klostermeyer plays a role in the development of the association’s programs to help expand the quality and growth of the framing business. In fact, the upcoming conference co-location of the Professional Picture Framers Association (PPFA), a PMA member association, with the West Coast Art and Frame Show, later this month is due in part to his continued insight and experience.

Esp points out such co-locations and partnerships are the beginning of a new PMA era, where the association will be reaching out to allied industry groups. The recent 2012 PMA@CES exhibition was part of the 600 digital-imaging exhibitors among the Las Vegas Convention Center and the Venetian, and the DIMA conference attracted more than 400 attendees. Looking forward, the PSPA/SPAA 2012 Conference, Feb. 17-19, 2012, at The Renaissance Las Vegas, is adjacent to the WPPI tradeshow.

Upcoming PMA events

Next chapter: Kodak news round-up

After yesterday’s Chapter 11 filing by Eastman Kodak Co., tech pundits and business editors posted reams of articles pointing out the 131-year-old Rochester, N.Y.-company’s perceived shortcomings.

Among the most balanced reports, however, were these:

“Can Bankruptcy Filing Save Kodak?” by Mike Spector, Dana Mattioli and Peg Brickley, Wall Street Journal.

“Kodak hopes bankruptcy filing with give it fresh start,”  by Byron Acohido, Steve Sink and Matthew Daneman, at “USA Today.”

“A Word About What Kodak Did Right,” by Greg Scoblete at “Your Digital Life.”

“Why Kodak’s bankruptcy should scare Nokia,” by Om Malik at “GigaOM.”

Former Kodak CMO Jeffrey Hayzlett weighs in on Kodak’s future here, in this interview with the Washington Post/Bloomberg:




Kodak: Court approves $650 million of debtor in possession financing

Eastman Kodak Co., Rochester, N.Y., today announced Judge Allan L. Gropper of the U.S. Bankruptcy Court for the Southern District of New Yorkapproved initial availability of $650 million in interim debtor-in-possession (DIP) financing by Citigroup. Kodak will use these funds, among other things, to pay vendors and other suppliers for all post-petition goods and services, and to operate its day-to-day business activities. The Judge set Feb. 15, 2012, as the date of a hearing to issue the final order regarding first day motions.

The interim DIP approved as part of the first day motions represents the first portion of the fully-committed, $950 million debtor-in-possession credit facility that it obtained from Citigroup to enhance liquidity and working capital, the company said. Kodak also reported the court has approved additional “First Day Motions” which assures ongoing business will not be disrupted.