Value America to Provide Customers with Instant Access to More than 100,000 Software Titles Through Agreement with Digital River
Friday March 3, 2:52 pm Eastern Time
Company Press Release
Value America to Provide Customers with Instant Access to More than 100,000 Software Titles Through Agreement with Digital River
CHARLOTTESVILLE, Va.--(BUSINESS WIRE)--March 3, 2000--Value America, Inc. (Nasdaq:VUSA - news), the online electronics and technology superstore, today announced an agreement with Digital River, a global leader in e-commerce outsourcing, to allow customers to purchase and download software applications instantly from Value America (va.com).
Value America's Download Store will be available to customers by the end of the first quarter and will include more than 100,000 software titles from companies such as Symantec, Adaptec, Lotus, Qualcomm and The Learning Company. According to Forrester Research, downloadable software sales will account for approximately $1.3 billion of retail software revenue by 2004.
``Value America customers will now have instant access to an unprecedented software application selection,' said Paul Ewert, Executive Vice President, Merchandising. ``We are pleased to have Digital River as our partner. This agreement builds on our PC selection and adds to our ongoing commitment to deliver the best product selection and customer service.'
In addition to instant access, customers will also have access to online incentives and service: ``Net-to-Zero' online software product rebates could reduce the software application price by as much as 100 percent; and Digital River's eBot means that customers can receive alerts notifying them of the latest software upgrades.
``We are excited to be working with Value America to ensure that their customers have a first-class online buying experience,' said Jay Kerutis, executive vice president of Digital River. ``eBot is a unique online utility that will benefit Value America's customers by automatically keeping track of the latest software upgrades and by notifying customers of new, cool software products.'
About Value America
Value America, Inc. (va.com), based in Charlottesville, Virginia, is the leading online electronics and technology superstore, giving consumers the best selection, reliable service and competitive prices.
Offering business, government and consumers broad selection in PCs, electronics, peripherals, office products, DVDs and CDs, Value America brings the best features of bricks and mortar to Internet commerce, without the costs of inventory, warehouses or distribution, passing along the savings to consumers.
About Digital River
Digital River is a global leader in e-commerce outsourcing. The company provides more than 6,000 companies with a complete e-commerce solution including site design, hosting, and system management. The company develops front-to-back e-commerce solutions for software publishers, online retailers and other large corporations.
This news release may contain statements of a forward-looking nature relating to the future events or the future financial results of Value America. Investors are cautioned that such statements are only predictions and that actual events or results may differ materially.
In evaluating such statements, investors should specifically consider the various factors which could cause actual events or results to differ materially from those indicated from such forward-looking statements, including the matters set forth in Value America's reports and documents filed from time to time with the Securities and Exchange Commission.
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Contact:
Value America, Inc., Charlottesville
Susan Littleton, 804/951-4225
slittleton@valueamerica.com
or
Porter Novelli
Jay Osgood, 202/973-5832
josgood@porternovelli.com
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