Press
Release
FOR IMMEDIATE RELEASE
DIGITAL RIVER SIGNS DEAL WITH
LAPLINK DEVELOPERS, TRAVELING SOFTWARE
Mobile Professionals Benefit from Easy Download and Installation
of LapLink and Other PC Products from Traveling Software's Online Store
MINNEAPOLIS, Minn., July 13, 1999 -- Digital River (Nasdaq: DRIV), the worldwide leader in electronic software delivery (ESD), today announced it has signed an online delivery agreement with Traveling Software, developers of the LapLink line of file transfer and remote control software products.
Digital River currently distributes Traveling Software's products through its online retail channel. In addition, Digital River will now host Traveling Software's online store and supply marketing and promotional services as well as provide services such as online reporting, 24 x 7 customer service, and both electronic and physical product fulfillment.
"There is a growing audience of business travelers and telecommuters who need to access their home or office computers from their laptops," said Joel Ronning, CEO of Digital River. "Because they are on the road so often, having a product like LapLink made available for quick and easy download through the Web is exactly the kind of convenience this audience is looking for. The LapLink product line has been a great addition to our inventory and we look forward to increasing the awareness of these worthwhile products in this marketplace."
This agreement is indicative of Traveling Software's aggressive growth plans for its Internet business. Traveling Software is leveraging the power of its LapLink brand, its existing customer base and new Internet customers, its world-renowned association with file transfer and remote control, and is increasing its product focus with innovative Internet capabilities.
"Having been selling software for over a year on the Internet and witnessing the enormous Internet online software sales market potential, our future online sales will be significantly enhanced," said Mark Eppley, president and CEO of Traveling Software. "We are taking our online sales to the next level and Digital River is the Web commerce provider with the flexibility and online retail expertise to get us there. With Digital River as our partner, we know that our products will always be well promoted and delivered across the net."
About Traveling Software, Inc.
Founded in 1982, Traveling Software is a privately held company that develops the world's leading file transfer and synchronization products called LapLink. With over 6 million copies sold worldwide, Traveling software's product line includes LapLink Professional, LapLink Tech, and LapLink Enterprise Exchange Accelerator. All products have free trial versions available for download at www.laplink.com.
About Digital River*
Digital River, Inc. (Nasdaq: DRIV), based in Minneapolis, is the largest online source of software and a leading outsource provider of Web-based commerce solutions. The company provides more than 5,000 software publishers and online retailers with its proprietary technology for Internet delivery of more than 100,000 digital products, including 30,000 software products and applications. For more information, visit Digital River's Web site 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.
