FOR IMMEDIATE RELEASE

WASHINGTON DC – Justin Schuck and Company, an innovative photography, design and marketing firm, was founded just over four years ago by an optimistic entrepreneur who knew a thing or two about success in design and photography. Formed out of the ashes of The Foster Companies, Justin Schuck and Company provides a diverse international clientèle with a complex suite of services including photography, design, and domain management.

Since 2004, company founder Justin Schuck aimed to provide the highest level of customer service with an emphasis on personal relationships and client confidentiality. "Serving high-profile clients in five countries has been an honor." Schuck says. "I've had the great opportunity to meet amazing people and work with some of the most important people in the world."

In a meeting on August 1, Schuck announced that one of the company's largest clients, a political organization, will be defaulting on an invoice of over $5500. This client has canceled future contracts worth over $18,000 due to their pending bankruptcy reorganization. The client's identity is protected by a mutual confidential disclosure agreement that will remain in effect until both parties agree to the public disclosure or if Justin Schuck and Company is named as a debtor in the client's bankruptcy.

Schuck goes on to say, "This will be an extremely difficult time for the company. We are looking into what options are available for us to generate revenue to compensate for the shortfall. With the dramatic rise in energy prices over the last year, we've seen a decrease in the size and scope of many contracts, but we never expected this. When our clients don't meet their obligations to us, especially for completed services and delivered products, it makes it very difficult for us to maintain our financial and contractual obligations."

As a result of this loss of business, there will be some significant changes to the company. Effective immediately, Justin Schuck and Company's newest venture, That's Sick Viral Marketing, will be folded into the JSDS division as part of the consolidation of the business. "Innovative Brand Concepts and Schuck Interactive Group's merger into JSDS will be accelerated in an attempt to drastically reduce overhead. We need to cut our losses while we still can." Schuck contends that the company can come out of this period stronger and leaner, but it's not going to come "without some serious shrinking pains." He adds that "our operations and ability to survive will depend on our ability to renegotiate our existing vendor contracts, reduce labor costs and significantly reduce overhead. We have photography contracts stretching in to 2010 and I want those clients to know that we will be there to capture those special moments."

The company is expected to announce in the coming days plans to sell assets in order to generate revenue, in addition to entering into negotiations with clients who are more than 30 days past due on their accounts.

"If we are not able to secure additional revenue streams it will be difficult to keep our heads above water. I've been doing my part to keep costs under control as much as possible, but as indicated in our recent financial disclosure filings, I have not drawn a salary since May." This isn't the first time Schuck has forgone salary to help his business maximize liquidity. For part of 2000 and 2001, Schuck went without compensation during the reorganization of Foster Companies.

"I'm a tough cookie and I know that in the end, my life will continue to be blessed with new opportunities for success." Schuck said.

PR-State_of_Company.pdf

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