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Technology Stocks : DRIV (DIGITAL RIVER). Get in on internet IPO. -- Ignore unavailable to you. Want to Upgrade?

To: RikRichter who wrote (392)	11/24/1998 3:56:00 PM
From: .com	Read Replies (2) \| Respond to of 3198

Tuesday November 24, 3:32 pm Eastern Time Digital River Appoints Fingerhut President, William Lansing, to Its Board of Directors Company Press Release MINNEAPOLIS--(BUSINESS WIRE)--Nov. 24, 1998--Digital River, the leader in electronic software delivery (ESD) technology, today announced the appointment of William Lansing, president of Fingerhut -- a leading database marketing company that sells a broad range of products and services through catalogs and direct marketing -- to its board of directors. Based on his experience with Fingerhut, Lansing will provide guidance in strategic marketing and Internet channel management to further enhance Digital River's leadership position in the growing ESD market. Lansing also brings vast Internet experience as chief operating officer of Prodigy Communications Corporation and vice president of business development at General Electric. Under Lansing's direction, Fingerhut recently implemented new e-commerce initiatives by redesigning its Web site to provide customers with the ability to buy items such as jewelry, housewares, electronics and hardware on the Internet. This year, Lansing expects Internet sales for Fingerhut to account for $30 million. ''We are excited to have such an innovative and experienced Internet visionary on our board of directors,'' said Joel Ronning, CEO of Digital River. ''Will's success at giving Fingerhut a Web presence, combined with his experience launching Prodigy's award-winning Internet service, showcases his ability to enhance the trend of retail software sales moving toward the Internet.'' ''Digital River is the leader in facilitating the delivery of software to the desktop,'' commented Lansing on his new position. ''With the projected growth of software sales over the Internet, I am excited to play an active role in enhancing the expansion of this exciting and forward-thinking company.'' About Digital River (1) Digital River, Inc. (NASDAQ:DRIV - news), based in Minneapolis, offers the world's largest online database of software products. The company provides more than 2,000 software publishers and online dealers with its proprietary technology for Internet delivery of more than 131,000 software and other digital products. Tech Squared, Inc. (OTC Bulletin Board: TSQD - news) controls 19 percent of Digital River's common stock. For more information on Digital River, visit their Web site at digitalriver.com. (1) 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: Technology Solutions Karen Blondell 212-696-2000 Ext. 267 kblondell@tsipr.com or Digital River Jodi Baumann 612-253-8396 jbaumann@digitalriver.com