MINNEAPOLIS, October 4, 2004 -- Digital River, Inc. (NASDAQ: DRIV), a global leader in e-commerce outsourcing, today announced that it signed an online retail agreement with Circuit City Stores, Inc., a leading specialty retailer of consumer electronics.
Based on the agreement, Circuit City will market and re-sell leading brand name titles from Digital River`s extensive downloadable software catalog via its Web site, www.circuitcity.com . In addition to building and hosting the download site, Digital River is also handling payment processing, fraud prevention, e-marketing, reporting, customer service and digital fulfillment for software download purchases.
"We continue to expand our online sales network, leveraging the power behind our software industry relationships and a software catalog with thousands of products," said Joel Ronning, Digital River`s CEO. "By providing easy access to well-developed online sales and delivery channels, Digital River can help software publishers and online retailers open incremental revenue streams and create cost efficiencies. With more than a decade of e-commerce experience, we know how to help our clients reduce the risks and increase the potential in their online businesses."
The downloadable store at www.circuitcity.com features brand name virus protection, Internet security and digital imaging software as well as DVD/CD authoring tools, games and utilities and operating systems. The site offers single user licenses and links to volume licensing programs. Site visitors will find promotions, rebates and discounts on select titles.
"By working with Digital River, we`ve been able to provide our customers with thousands of software selections without adding physical inventory," said Fiona Dias, president of Circuit City Direct. "Digital River helped us save time and simplify the process of creating new and improved services for our customers while taking advantage of the full online channel – dealers, publishers and end customers."
About Circuit City Stores, Inc.
Richmond, Va.-based Circuit City Stores is a leading specialty retailer of consumer electronics. Circuit City operates 613 Superstores and five mall-based stores in 159 U.S. markets. Its subsidiary, InterTAN, Inc., operates through more than 1,000 retail stores and dealer outlets in Canada. Circuit City also operates a Web site at http://www.circuitcity.com.
About Digital River, Inc.
Digital River, Inc., a global leader in e-commerce outsourcing, builds and manages online businesses for more than 40,000 software publishers, manufacturers, distributors and online retailers. Its multi-channel e-commerce solution, which supports both direct and indirect sales, is designed to help companies of all sizes maximize online revenues as well as reduce the costs and risks of running an e-commerce operation. The company`s comprehensive platform offers site development and hosting, order management, fraud prevention, site merchandising, advanced reporting and analytics, product fulfillment, e-marketing and multi-lingual customer service.
Founded in 1994, Digital River is headquartered in Minneapolis with offices in Chicago, Mountain View, California, London, and Cologne, Germany. For more details about Digital River, visit the corporate Web site at www.digitalriver.com or call 952-253-1234.
Digital River is a registered trademark of Digital River, Inc. All other company and product names are trademarks, registrations or copyrights of their respective owners.
© 2003 Digital River, Inc. Digital River® is a registered trademark of Digital River, Inc. | www.digitalriver.com | 952-253-1234
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