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May 2, 2007 4:05 PM PDT

Zooomr reschedules overhaul, looks for funds

Posted by Stephen Shankland
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Zooomr Mark III Take 2 will arrive in three weeks, but at the same time, the photo-sharing site may enter a "hiatus."

A screenshot of Zooomr's redesigned site

A screenshot of Zooomr's redesigned site

(Credit: Zooomr)

In March, glitches forced the photo-sharing site to back off a redesign that would permit Zooomr users to sell their own photos and would lift storage limits, among other changes. The new version now is scheduled to arrive in three weeks--May 21--said lead programmer Kristopher Tate on his blog Monday.

Tate also said the company is looking for new investors.

"I have some breaking news to share that may create a period of hiatus for Zooomr: Our initial investor heard we were cash-positive and has decided to pull their money out of our accounts," Tate said.

The lack of funds will "hinder" the purchase of storage systems, he said, but Mark III will be launched nonetheless.

"In the above interests, we've started to look for fresh investment," Tate said. "We know there are angels, VCs and other investors reading our blog--so if you think you can help, please let us know!"

Tate also posted a screenshot of the redesigned Zooomr.

Originally posted at News Blog
Stephen Shankland covers Google, Yahoo, search, online advertising, portals, digital photography, and related subjects. He joined CNET News in 1998 and since then also has covered servers, supercomputing, open-source software, and science. E-mail Stephen.
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