You have the Shareware version of Picmaster as long as you are not registered
You can try out this program for free but it has some restrictions. 
To get rid of them you have to register the program.

As a registered User you have the following advantages:
  - No Shareware reminders any more
  - No disturbing while playing the slideshow
  - No length limit for recording sound comments
  - No length limit for number of images in the catalog
  - No "unregistered version" text on your printed paper
  - You get technical support via email
  - You will be informed via email if there is a new version
  - Your registration key will also work for versions with same starting number.
  - If your registration key doesn´t work because of major enhancements, you (as a registered user) will get a special update price.

How does registration work? 
  You only need a serial number, which you have to enter at the beginning so 
  that your program becomes the FULL-Version. 
  If it has to be really quick you can receive the serial number also by email 
  or fax.
  Registering ist very easy. You can order comfortably by Credit Card (toll 
  free phone number), Bank/Wire Transfer, Check or Cash.

How to register you will see at the beginning of the program.