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Press
Release
DIGITAL RIVER SIGNS 1,000TH RETAILER
FOR INTERNET SOFTWARE DELIVERY
Minneapolis, November 30, 1998 -- Digital River (NASDAQ: DRIV), the leader in electronic software delivery (ESD) with more than 131,000 software titles and relationships with over 2,000 software publishers and online retailers, today announced it has signed its 1,000th retailer contract for Internet delivery of software and other digital products.
"Our goal was to reach the milestone of 1,000 retailer contracts by the end of the year. We have achieved this objective over a month ahead of schedule," said Joel Ronning, CEO of Digital River. "The response we have had from online software retailers has been exceptional. More than half our retailer clients have joined us in just the past four months."
"Our extensive database of software titles provides exceptional new inventory for online software retailers to deliver to consumers. And, the online retail channel provides significant sales opportunities for our publisher clients," added Ronning.
Digital River provides a suite of electronic commerce services to its software publisher and online retailer clients. The company also provides data mining and merchandising services to assist clients in increasing Internet traffic to and sales through their Web stores. Rather than maintaining its own branded Web store that would compete with its clients, Digital River provides an outsourcing solution that allows its clients to promote their own brands while leveraging Digital River's infrastructure and technology.
About Digital River**
Digital River, Inc. (NASDAQ: DRIV), based in Minneapolis, offers the world's largest online database of software products. The company provides more than 2,000 software publishers and online retailers with its proprietary technology for Internet delivery of more than 131,000 software and other digital products. Tech Squared, Inc. (OTC Bulletin Board: TSQD) controls 19 percent of Digital River's common stock. For more information on Digital River, visit their website at http://www.digitalriver.com.
**Except for the historical information contained herein, this press release contains forward-looking statements, including statements containing the words, "believes," "anticipates," "expects" and similar words. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others: the Company's limited operating history and variability of operating results; market acceptance of electronic software delivery; the Company's ability to maintain relationships with software publishers and online retailers; competition in the electronic commerce market; and other risk factors referenced in the Company's public filings with the Securities and Exchange Commission.
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