Digital River Partners With T-bob-tm- Entertainment, Inc.
Business Wire - June 21, 1999 08:20
MINNEAPOLIS--(BUSINESS WIRE)--June 21, 1999--
Digital River's CommerceBridgeSM Service Provides Transaction Processing for Web Portal Now Serving San Diego County, and Soon to
Include Other Major US Cities
Digital River (Nasdaq: DRIV), a leader in Web-based commerce, today announced a CommerceBridge partnership with T-bob(tm) Entertainment, Incorporated, an interactive information center which started in San Diego County, Calif. Under the agreement, Digital River's CommerceBridge will provide T-bob Entertainment with end-to-end transaction processing services including credit card and fraud screening, enabling its advertisers to seamlessly access account information and pay for advertising space and links.
T-bob Entertainment allows travelers to research San Diego area lodging, entertainment, dining, family events, shopping information, business financial services and over seventy-five major categories and hundreds of sub-categories (such as fast food or fine dining) on the Web at tbob.com and in physical informational kiosks. T-bob also has plans to expand its services to include other major cities throughout the U.S.
Digital River's CommerceBridge service allows T-bob Entertainment's advertisers, including restaurants, hotels and museums, to easily post company and event information on the Web - providing travelers with a comprehensive resource for activities in the area. T-bob's new Web-based format allows each advertiser the ability to edit advertisements online and change information in an interactive process. Small businesses are not required to have an Internet address to participate. T-bob provides advertisers with name, address, phone, META tags, up to 80 lines of text, a coupon, a URL link, and a picture for one very low price. T-bob offers its kiosk and Internet service at no charge to museums - so "tell 'em T-bob sent you."
"Digital River's CommerceBridge has the ability to efficiently handle all of our advertisers' transactions," said Bob Skerstonas, president of T-bob Entertainment Incorporated. "Digital River's e-commerce expertise and credit card fraud screening capabilities ensure that our Web-based operation enhances the profile of businesses in the San Diego area and soon in other major cities in United States."
"We are always excited to partner with a regional portal like T-bob Entertainment," said Joel Ronning, CEO of Digital River. "The Internet is becoming the leading source of information for consumers and professionals. Companies like T-bob ensure that the most comprehensive information about dining, family activities, shopping and lodging in major vacation cities like San Diego is available at the click of the mouse."
About T-bob(tm) Entertainment, Incorporated
T-bob(tm) Entertainment Incorporated was founded in 1995 to provided tourist information on touch screen kiosks in San Diego County California. In 1997 T-bob Entertainment Incorporated recognized the need to have a strong local presence in San Diego County and formed a working relationship with Place Finder, Inc. This working relationship has added over 1,000 businesses participating on the kiosks network. Now T-bob Entertainment Incorporated has launched a new concept with Place Finder, Inc. San Diego, CA. Any merchant who advertises on the kiosk network in San Diego, CA can now have the same text advertisement, picture and coupon on the Internet. T-bob plans to expand the interactive kiosks network and Internet format to major cities across the United States.
About CommerceBridge and Digital River(a)
CommerceBridge is a seamlessly integrated front to back solution for sales and fulfillment of products over the Internet, providing for ten key business functions including: Web store hosting, transaction processing, security, order processing, data center management, fraud prevention, order tracking, online reporting, customer and distribution fulfillment management, marketing and merchandising support, and customer service support. For more information, visit the CommerceBridge Web site at commercebridge.com. Digital River, Inc. (Nasdaq: DRIV), based in Minneapolis, is a leading outsource provider of Web-enabled, digital commerce solutions for more than 5,000 clients with its proprietary technology for Internet delivery of more than 100,000 digital products. For more information, visit the Digital River Web site at digitalriver.com.
(a) 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.
CONTACT: Jodi Baumann
Digital River
612-253-8396
jbaumann@digitalriver.com
Matt Langan
Mindstorm Communications
212-320-2134
mlangan@mindstormcomm.com
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