To: TokyoMex who wrote (9522 ) 4/22/1998 11:15:00 AM From: R.STOCKS Read Replies (1) | Respond to of 34592
CONTINUED GOOD NEWS FOR TSQD AND DIGITAL RIVER Trend of Software Retailing on the Web Continues with Cyberian Outpost and Digital River MINNEAPOLIS, Minn. & KENT, Conn.--(BUSINESS WIRE)--April 22, 1998-- Cyberian Outpost now offers digital delivery of software products, making it the largest online computer superstore Adding to the growing trend of software retailing on the Web, Cyberian Outpost, Inc. (www.outpost.com) and Digital River (www.digitalriver.com) today announced a partnership that immediately allows Cyberian Outpost's customers to select digital delivery of 100,000 software products. This agreement also makes Digital River the exclusive provider of electronic software distribution (ESD) solutions for Cyberian Outpost. Cyberian Outpost now benefits from Digital River's vast network of publishers, increasing its product offering by 500 percent, bringing Cyberian Outpost's total inventory to more than 120,000 hardware and software products. Digital River recognizes revenue from all Cyberian Outpost sales made through its central commerce server. Digital River then pays a percentage of each sale to its software publisher partners and Cyberian Outpost. In addition to the significant inventory increase, secure online sale and digital delivery solution, Digital River also provides Cyberian Outpost with full data center management, customer service and direct marketing support for their ESD titles. "Until now, physical delivery of goods has been the foundation of our business, but we also want to offer our customers a choice of delivery preferences, especially digital delivery," said Ira Feigelman, vice president of product marketing for Cyberian Outpost. "By partnering with Digital River we immediately increase our product selections and provide our consumers with the option of electronic distribution that is fast and easy." "This agreement with Cyberian Outpost is a great business opportunity for all parties involved," says Joel Ronning, president and chief-executive-officer of Digital River. "Cyberian Outpost has secured significant exposure in Web retailing and is a leader among those companies selling software on the Web. This relationship will drive revenue for our software publishing clients and increase Cyberian Outpost's overall sales." About Cyberian Outpost (www.outpost.com) Cyberian Outpost, founded in 1995, is a leading global Internet computer retailer offering more than 120,000 computer products for the consumer and SOHO markets. The company sells PC, Apple Macintosh and other manufacturers' computer hardware, software and peripherals in 140 countries. The Cyberian Outpost Web site is translated into nine different languages and is a destination for more than 100,000 visitors daily. Billed as the "cool place to shop on the Internet," Cyberian Outpost is headquartered in Kent, Conn. Visit Cyberian Outpost at www.outpost.com. About Digital River (www.digitalriver.com) Digital River, Inc., based in Minneapolis, the leading provider of e-commerce and data center management for companies selling software on the Internet, offers the world's largest online database of software products. Digital River has partnered with more than 1,200 software publishers and online dealers to implement its proprietary technology for Internet delivery of software and other digital products. The company has 12 patents pending, covering digital delivery, commerce and encryption systems. As adjusted for a private placement of stock currently in progress, Tech Squared, Inc. (OTC Bulletin Board: TSQD) controls approximately 28 percent and Fujitsu Limited of Japan owns 19 percent of Digital River's common stock. For more information visit the Digital River Web site at www.digitalriver.com All trademarks and registered trademarks are the property of their respective owners, with no intent to infringe. Note to media: Company logos and Web site screen shots are available upon request. CONTACT: For Cyberian Outpost: Pam Miller Stacey Branom Kaufer Miller Communications Phone: (425) 450-9965 Fax: (425) 450-9963 E-mail: pamm@kmrc.com E-mail: staceyb@kmrc.com or For Digital River: Jennifer Carr Meredith Mansfield Connors Communications Phone: (212) 807-7500 Fax: (212) 807-7503 E-mail: jcarr@connors.com E-mail: meredith@connors.com