elcom.com Signs Strategic Alliance with Digital River
elcom.com to Add Over 100,000 Software Titles to its Internet Storefront
Tuesday April 27, 9:11 am Eastern Time
SOURCE: Elcom International, Inc.
NORWOOD, Mass., April 27 /PRNewswire/ -- elcom.com, inc., a wholly-owned subsidiary of Elcom International, Inc. (Nasdaq: ELCO - news), today announced it has signed a strategic alliance with Digital River, Inc. (Nasdaq: DRIV - news), a leader in electronic software downloading and delivery, to enhance its Internet storefront.
Under the strategic alliance, Digital River will act as a distribution fulfillment partner for elcom.com, supplying over 100,000 software titles to elcom.com's customers through its Internet storefront at www.elcom.com. The electronic link to Digital River is expected to become ''live'' during late May or early June, at which point these software products will be available for electronic downloading through elcom.com's Internet storefront for immediate use, or through next-day and other delivery options offered by elcom.com. Through this strategic alliance and the electronic link being established between the two companies, elcom.com's customers will have real-time pricing, product availability, and other information available through elcom.com's Internet storefront.
''We are extremely pleased to join in this partnership with elcom.com,'' said Joel Ronning, Chief Executive Officer of Digital River. ''This is a unique direct electronic link and we believe it will add value to elcom.com's customers by having direct and secure access into the electronic downloading of software, as well as through elcom.com's other delivery options.''
Robert J. Crowell, Elcom International's Chairman and Chief Executive Officer said, ''Through this electronic relationship with Digital River, elcom.com continues to form strategic alliances and partnerships with a view to partner with companies to add more value to our Internet storefront as we continue our transition to more of an Internet-based company. With this electronic link to Digital River and to our Internet customers, elcom.com will offer its customers over 175,000 PC and other related products. We also will continue to broaden our product categories on our Internet storefront and expect to be able to offer many commodity products for most small to medium- sized businesses; indeed, to be viewed as a ''one-stop-shop'' for businesses by the end of 1999.''
About Digital River, Inc.
Digital River, Inc. (Nasdaq: DRIV - news), 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 applications. For more information, visit Digital River's Web site at digitalriver.com.
About Elcom International, Inc.
Elcom International, Inc. (www.elcominternational.com), through its wholly-owned subsidiaries, develops, licenses, and uses client/server and Internet transaction-based software systems which enable the conduct of PC- based interactive electronic commerce over the Internet and telephone networks. elcom.com, inc., (www.elcom.com), the Company's technology and electronic commerce subsidiary, operates as an Internet online remarketer of PC-oriented and other related products using the Company's electronic commerce and automated procurement and sourcing technology. In this market sector, elcom.com competes against companies like Cyberian Outpost, Inc., Creative Computers, Inc. and Insight Enterprises, Inc. elcom.com intends to expand its Internet storefront by adding an auction site capability, and will compete against such companies as eBay Inc., uBid Inc., and Multiple Zones International, Inc. Additionally, elcom.com licenses its PECOS technologies to Elcom Services Group's customers and to other companies and competes against companies like Concur Technologies, Inc. and Ariba Technologies, Inc. Elcom Services Group, Inc., the Company's PC remarketing and professional services subsidiary, uses the Company's electronic commerce technology to support the marketing of PC products and now operates seven field sales and support offices in the United States and seven in the United Kingdom.
Statement Under the Private Securities Litigation Reform Act.
This press release includes statements that may constitute forward-looking statements. These statements are subject to risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Such risks and uncertainties include factors and other risks detailed in the Company's 1998 Annual Report on Form 10-K and from time to time in the Company's other reports filed with the SEC.
SOURCE: Elcom International, Inc.
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