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Digagogo Relocates Head Office to Santa Monica -- The New Southern California Hot Spot for Internet Technology Companies(June 07, 2012)
SANTA MONICA, CA -- (Marketwire) -- 06/07/12 -- Digagogo Ventures Corp. (PINKSHEETS: DOGO) (www.digagogo.com), a provider of information and marketing communications technology for local communities, announced today that it has moved its headquarters to Santa Monica in California. Our new office location is at the Yahoo! Center - Santa Monica, 2500 Broadway, Bldg. F Suite F-125, Santa Monica, CA 90404.
"Relocating to southern California where there are numerous Internet businesses makes sense for us," stated Nehru Chomatil, CEO of Digagogo Ventures Corp. "As Digagogo grows, we will need access to the best and brightest industry professionals and Santa Monica's Internet technology sector is booming. Digagogo is now at a stage where implementing the DoGoNet platform with DoGoSearch, DoGoPay and the DoGoNet community websites -- having our head office in a location where there is a strong Internet industry -- provides an important business networking opportunity for us."
Dot-coms Want Santa Monica in Their Address According to the Los Angeles Times(1) According to a recent Los Angeles Times article, "The commercial real estate rental market is booming in Santa Monica, where the office vacancy rate is a fraction of the L.A. County average. Tech and entertainment firms like the lifestyle. Compared with most of the region's white-collar office market, the less corporate environs of Santa Monica and Venice are looking sharp. Technology and entertainment companies that long ago mastered the knack of making money without dressing up are now... renting space in some of Southern California's most desirable neighborhoods. The office vacancy rate in downtown Santa Monica is a mere 4%, a fraction of the county average."
The article also stated that "A lot of companies are doubling or tripling in size... Young Internet-based businesses such as TrueCar, Riot Games and BeachMint have been expanding their workforces and their offices. Often the founders are Web veterans who see value in being in a coastal [technology] hot spot... The laid-back beach scene combined with Santa Monica's sophisticated restaurant and shopping options are a potent lure for computer whizzes and creative types... The tech cluster is big enough now to be self-perpetuating, industry observers said. Internet companies and related enterprises such as entertainment and advertising firms that work in digital media want to be near one another for business and social reasons. Togetherness abets recruiting and networking."
Facts About Santa Monica, California
According to Internet giant Wikipedia, Santa Monica, which is located in the western area of Los Angeles, is home to the headquarters of many notable businesses, including Universal Music Group, Lions Gate Films, the RAND Corporation, Beachbody, Macerich, COR Capital LLC, Entravision Communications, Demand Media, Anworth Mortgage, search engine company Business.com, and Tom Hanks' The Playtone Company. Major companies with branch offices in Santa Monica also include Microsoft, Yahoo!, MTV and Edmunds.com. The Design Center California for Volkswagen, the offices of Comedy Central's show South Park and a number of game development studios, including Activision Blizzard, SCE Studios Santa Monica and Riot Games are all located in Santa Monica.
About Digagogo Ventures Corp.
Digagogo is a technology company based in Detroit with expertise in digital marketing, advanced Internet and telecommunication technology, and a strong background in the research and development of emerging technologies. Key members of Digagogo were involved in the development of software in areas ranging from security solutions for The United States Department of Defense (AirForce/NASA), Citibank Financial, ADP Payroll and Nissan Motor Corp., to high value interactive entertainment solutions for companies such as 20th Century Fox, Electronic Arts, Nexon and other online entertainment multi-nationals. In addition, Digagogo has a highly skilled International team that has worked with companies like Alliance Technology, Universal Music, and Esprit to identify market gaps and apply emerging technologies that drive business revenue. Digagogo has compounded all this knowledge to design DoGoNet, DoGoSearch and DoGoPay. These products and services aid in building strong local economies for any given region by facilitating digital sales, distribution and advertising networks.
Statements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "optimizing," "potential," "anticipate," "goal," "intend" and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and those risks discussed from time to time in the company's filings with the Securities and Exchange Commission.
(1) As published online in the LA Times, October 16, 2011
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