FOR IMMEDIATE RELEASE

Now Art Comes with Resale Assurance at PicassoMio.com & PicassoMio Galleries

PicassoMio is pleased to announce its new program of Investment and Resale Assurance for its clients.

Boca Raton, Florida, and Madrid, Spain (April 19, 2006) - PicassoMio.com/PicassoMio Galleries has become the first major art gallery to solve one of the most pressing concerns of buyers and collectors of art: how to resell their art. To ensure that purchasing from PicassoMio.com and PicassoMio Galleries is the best way to acquire art, it now allows its clients to resell the artworks, through PicassoMio.com and PicassoMio Galleries.

PicassoMio offers collectors the opportunity to invest in artworks by modern and contemporary masters, like Matisse, Chagall and Miró, and contemporary masters, such as Hirst, Hockney and Newton; with the security of being able to resell them at a future date.

PicassoMio also invites collectors to support the contemporary art scene by acquiring artworks by up-and-coming artists. PicassoMio actively works with more than 1,000 emerging artists from all over the world—future contemporary masters—compiling an unparalleled collection of artworks with significant appreciation potential. Now, with Resale Assurance, clients can invest in the most exciting contemporary art, knowing that, should they choose to sell an artwork, PicassoMio will always offer a marketplace for doing so.

Unlike major auction houses and other galleries, which typically charge commissions of 20% to 50%, PicassoMio will charge a commission of 10%, only upon a successful sale and with no upfront fees. This way, clients’ art purchases are assured of higher potential returns, due to a low commission, and improved liquidity, due to PicassoMio.com’s clients in 50 countries and over 1 million monthly visitors.

Resale Assurance is just one of the many services that PicassoMio offers its clients. PicassoMio looks forward to continuing to provide innovative ways of helping collectors buy modern and contemporary art with ease and confidence.

For more information, please visit our website http://www.picassomio.com/about-us/guarantee.

About PicassoMio.com/PicassoMio Galleries

With a presence in Europe and the U.S., PicassoMio.com / PicassoMio Galleries is an art company that operates the leading online gallery. In operation since 2000, PicassoMio.com has sold contemporary art to clients in over 50 countries, including artworks by over 1,000 selected artists. The company’s annual sales are in 7-figures and growing at a rate of over 50% per year.

At PicassoMio.com, one can find curated, one-of-a-kind or limited-edition works, including paintings, graphic prints, photographs and sculptures, by modern masters, such as Matisse, Chagall and Miro; contemporary masters, such as Damien Hirst, Hockney and Wegman, and hundreds of extraordinary emerging artists. Their current catalog online includes more than 30,000 different artworks valued at $125 million, with prices ranging from $100 to $100,000.

Every month PicassoMio.com receives approximately 1 million visitors and serves over a hundred clients. The average order size is approximately $1,500. Clients include private parties, businesses and trade companies, including interior designers and galleries and dealers. Customers are served by art consultants, all of whom have significant art business and art history experience.

The website’s powerful art search engine allows buyers to find the artwork of their choice by selecting from medium, style, theme, colour, price, etc. All clients are also assured of a 7-day, no-questions-asked return policy. The company contributes 5% of its gross profits, in cash or kind, back to the art world.

In 2005, El Pais called PicassoMio Gallery "the world’s biggest gallery", Emprendedores magazine selected PicassoMio.com as one of the “100 Best Companies”, the Wall Street Journal’s Smart Money magazine selected PicassoMio.com as the only recommended art website and Financial Times called PicassoMio.com the “Amazon.com” of the contemporary art scene.

In 2004, the company was nominated as a finalist for FAST50, organized by the prestigious Fast Company magazine, and was selected for the Gate-2-Growth forum, sponsored by the European Commission. In 2001, PicassoMio was nominated as a finalist in the pan-European “Milestones” Business Awards, coordinated by the Boston Consulting Group. PicassoMio has also been recommended by Real Simple magazine and ArtsWorld TV, amongst others.

PicassoMio was founded by Allan Majotra and Nicholas Marchalleck and has offices and galleries in Miami, Madrid and Barcelona. In 2006, PicassoMio plans to open two more galleries, in California and the United Kingdom.

For further press-related questions, PicassoMio may be contacted at press@picassomio.com or 1-877-212-5879 (USA) or +34 91 781 0789 (EU).
www.picassomio.com