Digital River Expands Global Operations in Asia-Pacific Markets
Establishes wholly-owned subsidiary and opens office in Japan
MINNEAPOLIS, October 19, 2005 --Digital River, Inc. (NASDAQ: DRIV), a global leader in e-commerce outsourcing, today announced that it has further expanded its operations in Asia-Pacific markets. Extending its global presence, Digital River has established a wholly-owned subsidiary and opened an office in Tokyo, Japan. With resources in Tokyo, the company is providing local sales, site design and account management services, as well as fulfillment of physical goods.
“The launch of our Japanese subsidiary represents an important part of our long-term strategy to expand our international footprint,” said Joel Ronning, Digital River’s CEO. “By establishing an office in Japan and offering local e-commerce services, we intend to not only help our existing U.S. based clients further penetrate Asia-Pacific markets, but also expand our business among international companies interested in conducting e-commerce in Japan.”
Clients conducting business in Asia-Pacific markets will find that Digital River’s service capabilities and expanded operations are designed to cater to the buying patterns, preferences and experiences of local online shoppers. In addition to local languages, currencies and payment methods, Digital River provides customer service support during local business hours in local languages. This service offers added convenience as well as helps facilitate order processing and tracking. Local fulfillment for physical products can reduce customers’ delivery time and shipping and taxation fees. In addition to Japan, Digital River provides fulfillment for physical products in Taiwan, Hong Kong, Singapore and Australia.
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, 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 in major U.S. cities as well as London; Tokyo; Taipei, Taiwan; and Cologne, Germany. For more details about Digital River, visit the corporate Web site at www.digitalriver.com or call 952-253-1234.
Forward-Looking Statements
In addition to the historical information contained herein, this press release contains forward-looking statements, including statements regarding the company’s plans to expand its e-commerce platform, services and market presence, especially in the Asia-Pacific region, as well as other statements containing the words, “will,” “ intends,” “ plans,” “expects,” and similar words. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others: Digital River’s limited operating history and variability of operating results; competition in the electronic commerce market; difficulties in penetrating or expanding into new geographic regions and other risks associated with international operations in general and in Asia-Pacific in particular, the ability of the company to successfully expand its platform and services and the local market’s acceptance of such offerings, and other risk factors referenced in Digital River’s public filings with the Securities and Exchange Commission.
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.
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