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DigitalCandle Purchases Rocket Download
Software Payment Processing Company Will Now Operate Software Download Web Site
DigitalCandle, Inc. today announced it has reached an agreement to purchase Rocket Download from Ashland, Ore. - based Share Tech, Inc. Rocket Download provides an Internet archive of shareware," or software titles that consumers are allowed to try prior to purchase. Launched in 1997, the web site receives over 900,000 visitors a month. DigitalCandle provides marketing and order processing services for independent software developers who create these shareware applications. The purchase will expand the number of services DigitalCandle offers clients while providing consumers additional access to software.
Bellevue, Wash.-- Apr. 12, 2002 - DigitalCandle, Inc. today announced it has reached an agreement to purchase Rocket Download from Ashland, Ore. - based Share Tech, Inc. Rocket Download provides an Internet archive of shareware," or software titles that consumers are allowed to try prior to purchase. Launched in 1997, the web site receives over 900,000 visitors a month. DigitalCandle provides marketing and order processing services for independent software developers who create these shareware applications. The purchase will expand the number of services DigitalCandle offers clients while providing consumers additional access to software.
"This merger embraces the natural evolution of products and services being offered to independent developers of software and their customers," said Casey Vieceli, DigitalCandles president and chief executive officer. Everybody wins--over 1 million customers per month can browse tens of thousands of titles for sale, developers can easily list new titles, and the buy and sell transactions can all happen at one site."
Among the terms of agreement, Share Tech will have a 10 percent interest in DigitalCandle stock. DigitalCandle will appoint Lara Knackstedt, Share Techs chief operating officer, to its board of directors. Knackstedts primary duty is to successfully integrate and monetize the site.
DigitalCandle and Rocket Download share synergy in the area of electronic software distribution," said Lara Knackstedt, Share Techs chief operating officer. Combined, the properties will increase market reach and revenue while reducing expenses and administrative overhead."
DigitalCandle intends to expand Rocket Downloads services, making it easier for software authors to submit their products to the archive and providing consumers greater choices when selecting software. This is a good buy for DigitalCandle," Knackstedt said. With a great management team, Rocket Download should go far in returning significant revenue to its investors."
About DigitalCandle, Inc.
DigitalCandle provides comprehensive e-commerce solutions for independent software developers enabling sales over the Internet through the software distribution model. In addition, DigitalCandles marketing services allow these independent software producers to focus on their core competency of software development while maximizing the profit potential of their products. Access the website at http://www.digitalcandle.com
About Share Tech, Inc.
Share Tech, in Ashland, Ore., operates Rocket Download to provide downloads and on-line software over the Internet. Access the website at http://www.rocketdownload.com
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