Adobe Systems Inc has said that their new Photoshop Elements 5.0 And Premiere Elements 3.0 are now available to retailers worldwide. These new version allows users to upload and edit photos with a pallet of advanced features and it is also integrated with Adobe Flash, which allows users to share their photos over the Internet. Premiere Elements 3.0, which also has Adobe Flash compatibility, is a video editing application that allows users to export videos in new formats like video iPod and PSP.

These new softwares are budget versions of the more featured, more expensive Adobe Photoshop and Adobe Premiere titles.
The new software Photoshop Elements 5.0 And Premiere Elements 3.0 are priced at $100 each, or at $150 for the bundle.
Source :