DRIV
Monday March 29, 8:11 pm Eastern Time
Company Press Release
Touchstone Software Announces Partnership With Digital River
NORTH ANDOVER, Mass.--(BUSINESS WIRE)--March 29, 1999--TouchStone Software Corporation (Nasdaq NMS:TSSW - news) today announced a service and marketing agreement with Digital River, (Nasdaq NMS: DRIV - news), the leader in electronic software delivery (ESD). Digital River will be hosting and distributing TouchsStone's award winning family of products through TouchStone's Web-site. Digital River will also provide online marketing and merchandising support for TouchStone that will enhance the visibility of the TouchStone products among end- users through the online retail channel.
''This agreement will enable TouchStone to utilize Digital River's dynamic back-end e-commerce technologies, and strengthen our e-commerce presence and opportunities. Furthermore, this agreement will be an essential ingredient to enhance our position as a global leader in PC diagnostics'', said Pierre A. Narath, President and CEO of TouchStone. Digital River offers us the necessary means to effectively manage all of our online ventures. ''Digital River's service will allow TouchStone to focus more on aggressive sales and marketing activities in the OEM and Retail channels, while Digital River will handle the online activities.''
\266 "We are excited to bring our e-commerce services to TouchStone,"
said Joel Ronning, CEO of Digital River. ''This partnership is a testament to our expertise in managing and streamlining our clients' online sales and service, and providing an efficient, secure buying process for the consumer, which we believe will allow TouchStone to increase the sales and overall profitability of their e-commerce sites.''
About TouchStone Software
TouchStone Software Corporation is a leading developer of innovative software designed to help people use complex technologies. The company's products, which include CheckIt 98, CheckIt 98 Diagnostic Suite, CheckIt NetOptimizer and FastMove!, are distributed worldwide through the retail, VAR, distributor, direct and OEM sales channels. TouchStone's executive offices are located at 1538 Turnpike Street, North Andover, MA, 01845, with a branch office in Munich, Germany. Additional information about TouchStone Software is available at www.touchstonesoftware.com. On March 10, 1999 TouchStone announced its acquisition of Unicore Software, Inc., a leading provider of system management software which includes BIOS upgrades, PC Diagnostics and Year 2000 Solutions. Unicore's customers consist of a majority of Fortune 500 corporations, government agencies, and major educational/financial institutions. Information on Unicore Software, Inc. and all of their products is available at www.unicore.com
About Digital River
Digital River, Inc.(Nasdaq:DRIV - news), based in Minneapolis, offers the world's largest online database of software products. The company provides more than 2,500 software publishers and online retailers with its proprietary technology for Internet delivery of more than 100,000 digital products including 30,000 software applications. For more information, visit Digital River's Web site at digitalriver.com.
(Note: This release contains certain forward-looking statements regarding product development schedules, sales of products in the future, return to profitability, financial position and growth plans. Such statements are subject to risks and uncertainties. Actual results could vary materially from these statements or current trends. Investors should refer to TouchStone's 1998 Form 10-KSB and Form 8KSB, to be released shortly, for a further description of the Unicore acquisition and various risk factors.)
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