Digital River Provides E-Subscription Service for Forbes Magazine
Supports new site with comprehensive e-commerce operations
MINNEAPOLIS, August 17, 2004-- Digital River, Inc. (NASDAQ: DRIV ), a global leader in e-commerce outsourcing, today announced that it signed an e-commerce agreement with Forbes Newsletter Group , a subsidiary of Forbes, Inc., publisher of Forbes Magazine. Based on the agreement, Digital River is managing the online sale, and automating the delivery, fulfillment and renewal of electronic subscriptions for more than 25 investment newsletters found on Forbes Investment Newsletter marketplace. Digital River not only hosts the content for the newsletter site located at www.forbesnewsletters.com, but also provides order management, customer service, e-marketing and fraud prevention screening.
"Our global e-commerce solution continues to attract industry-leading content and software publishers," said Joel Ronning, Digital River's CEO. "We offer them not only new methods of increasing operational efficiencies, but also cost-effective ways of building incremental reach and revenue. We can help them manage the entire online customer experience, from providing 24x7 access to content, to automating downloads and renewals, and creating attractive promotional campaigns. We believe our E-Subscription service is another important indicator of our on going commitment to providing our clients true end-to-end e-commerce support."
At www.forbesnewsletters.com, visitors will be able to subscribe to a variety of online investment newsletters, including Forbes' Wireless Stock Watch, The Forbes Collector, No Load FundX , Forbes/Lehmann Income Securities Investor and the Oberweis Report . In addition to technical charts with analysis and in-depth independent stock research, these newsletters contain commentaries on what investment advisors are buying and selling and which stocks and bonds are impacting the markets. While some newsletters are free of charge, others are available through monthly, annual and two-year subscriptions.
"We are looking to increase online newsletter subscription sales and e-marketing capabilities," said Matthew Schifrin, vice president and editor of Forbes Newsletter Group. "By working with Digital River on an e-commerce outsourcing basis, we are able to accomplish these goals without having to invest in an expensive technology infrastructure. We intend to build upon Digital River's expertise to offer our customers more sophisticated subscription services, added convenience and greater satisfaction."
Forbes is a privately held publishing and new media company. Its flagship publication is Forbes , oldest of the nation's major business magazines, which celebrated its 85th Anniversary in 2002. In recent years the company has expanded to include several new divisions, including Forbes.com; Forbes Management Conference Group; Forbes Newsletter Group and Forbes Custom Media, which also encompasses American Heritage; American Legacy; and American Heritage of Invention & Technology magazines.
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.