eCom eCom Chooses Digital River, Inc. To Direct Software Marketing and Sales Program.Business Editors/High-Tech Writers PALM BEACH GARDENS, Fla.--(BUSINESS WIRE)--April 16, 2003 Software developer MyZipSoft, Inc., a division of eCom eCom, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ECEC ECEC Electrochemical Engine Center ECEC European Center for Environmental Communication ), announced today that it has signed an agreement with Digital River, Inc. of Minneapolis, Minnesota “Minneapolis” redirects here. For other uses, see Minneapolis (disambiguation). Minneapolis (pronounced IPA: /ˌmɪniˈæpəlɪs/) is the largest city in the U.S. to provide e-marketing services for on-line sales of all of its software products. Digital River, Inc. (Nasdaq:DRIV DRIV Drive (street type) ), a global leader in e-commerce outsourcing, builds and manages profitable online businesses for nearly 34,000 companies worldwide. Its comprehensive e-commerce solution and world-class infrastructure are designed to help companies of all sizes quickly maximize online revenues as well as cut the costs and reduce the risks associated with running an e-commerce operation. Since the company was founded in 1994, Digital River has been an innovator and key influencer in guiding companies in building and managing their e-commerce operations. The company's list of clients includes industry leaders such as Symantec, Motorola, 3M, Major League Baseball "MLB" and "Major Leagues" redirect here. For other uses, see MLB (disambiguation) and Major Leagues (disambiguation). Major League Baseball (MLB) is the highest level of play in North American professional baseball. Advanced Media, H&R Block, Novell, Autodesk, ACT! and Staples.com. "Digital River's e-marketing knowledge and proven track record sets it apart from other providers of services for online stores," said David J. Panaia, eCom's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Together with Digital River, we aim to aggressively grow online sales of MyZipSoft's software products such as MyPhotoZip by participating in their dealer channel and leveraging all of Digital River's e-marketing tools and programs. Digital River has the tools to effectively market our products on our e-commerce site, giving us added visibility and a competitive edge in our market space virtually overnight." MyZipSoft's first product, MyPhotoZip (MPZ MPZ Myelin Protein Zero MPZ Manufacturing Plant Zone ), is breakthrough software that utilizes state-of-the-art wavelet (mathematics) wavelet - A waveform that is bounded in both frequency and duration. Wavelet tranforms provide an alternative to more traditional Fourier transforms used for analysing waveforms, e.g. sound. and fractal compression technology that produces ultra compression ratios - the highest available. MPZ is now available in three versions MPZ Pro Edition, MPZ Deluxe Edition and MPZ Special Edition that support compression ratios from 200 to 1, 1000 to 1 and 1500 to 1. This translates into huge storage saving capabilities for large digital photographs, medical imagery, data and published materials. MPZ provides users with maximum image compression, speed and security protection for Web page graphics implemented in MPZ format. Panaia also stated that eCom will be filing its Form 10Q for the third quarter with SEC this week. "Now that the major development projects which took more than two years are behind us, we are poised to become a leader in the software industry," said Panaia. "Throughout our research and development stage we kept our financial house in order by limiting the company's debt to under $900,000. We are looking forward to taking advantage of our $6.5 million tax carry forward which we accumulated during the development years." More information on MyZipSoft and its line of compression and security software products will be available soon at http://www.myzipsoft.com. This release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Actual events or results may differ materially from those discussed in such forward-looking statements. |
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