Summit Global Group

On June 17, 2009, PLR announced the completion of an exclusive 5-year license agreement (the “License”) with Summit Global Group to produce and distribute Polaroid-branded digital still cameras, digital video cameras, digital photo frames and Polaroid PoGo™ mobile products on a world-wide basis. The partnership is expected to generate over $1.3 billion in retail sales beginning in 2009.

The Summit Global Group is a world-wide consortium of leading design, development and distribution firms for imaging products. Headquartered in Salt Lake City, and with offices in New Jersey, Minnesota, Boston, Hong Kong and China, Summit Global manages the licensing, production and distribution needs for a global clientele.

The Summit Global Group is comprised of Summit Technology Group, LLC (“Summit”), Harmer Holdings, LLC (“Harmer Holdings”), and Global Industrial Services Ltd. (“Global”). Summit is a leading edge solutions provider, headquartered in New Jersey. Since its formation in 2003, Summit has serviced its clients’ specific needs by integrating its call center services, application-hosting services, web development/support and electronic business platforms. Summit is managed by its founder, Michael Pahuta.

Harmer Holdings, managed by Larry Harmer, former Chief Executive Officer of Polaroid Corporation, is a holding and investment company that regularly invests in cutting-edge consumer electronic companies.

Global is involved in the design, development and global distribution of various consumer electronics and has enormous experience in both ends of the supply chain. Global is managed by Giovanni Tomaselli, who has served as Vice President and Managing Director of Flextronics Corporation, Managing Director of World Wide Licenses Ltd and other companies engaged in the design, manufacture and distribution of consumer electronics.