MINNEAPOLIS, April 27, 2009 - Digital River, Inc. (NASDAQ: DRIV), a leading provider of global e-commerce solutions, announced that it is significantly expanding its relationship with Eastman Kodak Company to manage Kodak`s global e-commerce operations. Under the agreement, Digital River will be providing a full range of e-commerce and e-marketing services to support all consumer online sales of Kodak`s innovative line of digital cameras, digital video cameras, digital picture frames, all-in-one inkjet printers, film and accessories across multiple countries in North America and Europe.
"Conducting cross-border e-commerce is a complex proposition involving multiple languages and currencies, banking relationships, international regulations, taxes and more," said Joel Ronning, Digital River`s CEO. "Digital River has the global footprint, infrastructure and e-commerce expertise to help companies cut through this complexity and successfully enter online markets much faster and with less risk than they can on their own. We are pleased to expand our relationship with Kodak and work with them in delivering their world-class brand and products to customers around the globe."
In addition to the new global agreement, Digital River currently manages business-to-business e-commerce sites for Kodak`s Document Imaging and Print on Demand Solutions groups.
As the world`s foremost imaging innovator, Kodak helps consumers, businesses, and creative professionals unleash the power of pictures and printing to enrich their lives. To learn more, visit http://www.kodak.com and follow our blogs and more at http://www.kodak.com/go/followus.
About Digital River, Inc.
Digital River, Inc., a leading provider of global e-commerce solutions, builds and manages online businesses for software and game publishers, consumer electronics manufacturers, distributors, online retailers and affiliates. 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 management, export controls, tax management, physical and digital product fulfillment, multi-lingual customer service, advanced reporting and strategic marketing services.
Founded in 1994, Digital River is headquartered in Minneapolis with offices across the U.S. as well as Brazil, China, England, Germany, Ireland, Japan, Luxembourg and Taiwan. For more details about Digital River, visit the corporate Web site at www.digitalriver.com or call 952-253-1234.
In addition to the historical information contained herein, this press release contains forward-looking statements, such as statements containing the words, "will," "plans," "intends," "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 differ materially from those expressed or implied by such forward-looking statements. Such factors include, among others: the Company`s operating history and variability of operating results; competition in the electronic commerce market; the ability of the Company to support the global online sale of Kodak`s products; the market`s acceptance of such offerings; and other risk factors referenced in the Company`s public filings with the Securities and Exchange Commission.
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