DRIV..another peanuts deal, but I'll post anyway.
Digital River Partners With Wave Arts, Inc. to Offer MP3
Surround Sound Plugin Through the Web
Business Wire - June 17, 1999 08:16
MINNEAPOLIS--(BUSINESS WIRE)--June 17, 1999--
Partnership Allows Online Music Enthusiasts to Instantly
Download WaveSurround(TM) for an Enhanced Listening Experience
Digital River (Nasdaq: DRIV), the leader in Web-based commerce for digital products, today
announced an online delivery agreement with Wave Arts, Inc., a leading provider of 3D audio and
acoustic environment modeling technologies. The partnership with Digital River provides Wave Arts
with an online delivery channel for WaveSurround(TM), its virtual surround sound plugin for the
Winamp MP3 player. Under the agreement, Digital River is also making WaveSurround available
for download through the Web, allowing consumers to use it immediately.
"No one else is offering this type of surround sound technology, so it's an exceptional opportunity for
us to provide an online delivery channel for consumers who want to purchase WaveSurround
through the Web," said Joel Ronning, Digital River's CEO. "This agreement with Wave Arts is
another step toward making all elements of digital music delivery available to music enthusiasts and
all consumers - worldwide."
"WaveSurround uses technology that essentially puts you inside the music by creating virtual
loudspeakers that surround you," explains Bill Gardner, founder of Wave Arts. "We want to make
this technology available to as many people as possible and Digital River has the complete
Web-commerce outsourcing capabilities to do so. Digital River's competitive pricing structure and
reputation made the most sense as a Web-commerce platform to make WaveSurround immediately
accessible to consumers."
About Wave Arts, Inc.
Founded in 1997, Wave Arts, Inc. is a developer of innovative 3D audio and environmental
modeling technologies. Headed by Dr. Bill Gardner, Ph.D., a recent graduate of the MIT Media
Lab, Wave Arts is positioning itself to be a powerful force in the growing audio production and
effects processing market. Wave Arts has provided the underlying 3D audio and acoustic
environment modeling technology for the recently released InMotion 3D Audio Producer, another
joint venture with Human Machine Interfaces, Inc. For more information, contact Wave Arts, Inc.
by phone at 781-646-3794, via fax at 781-646-7190, or by e-mail at info@wavearts.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 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.
CONTACT: Mindstorm Communications, New York |
