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Digidev Group Adds "Something Weird" to Online TV Distribution(June 20, 2012)
LOS ANGELES, CA -- (Marketwire) -- 06/20/12 -- Digital Development Group Corp. (OTCBB: DIDG) ("Digidev," "Digidev Group" or the "Company"), a development stage company aiming to offer an in-depth portfolio of content for Internet TV distribution, is pleased to announce the signing of a Memorandum of Understanding ("MOU") towards a licensing agreement with the intent to develop a "Something Weird Channel" for online viewers of the Company's proprietary content streaming platform.
The agreement was entered into with Something Weird Video, Inc. a Washington corporation ("SWV") (www.somethingweird.com) founded in the early 1990s offering access to an extensive compilation of films from the 1930s through to the 70s that had never before been offered in video formats. Specializing in offbeat genres including the film collections of renowned "King of Sexploitation" David F. Friedman plus titles from the acclaimed "Godfather of Gore" Herschell Gordon Lewis amongst many others, the SWV library is a treasure trove of the unconventional, unusual and interesting that captures the imagination of true film fans from around the globe.
As noted previously, Digidev is targeting the rapidly expanding and revolutionary OTT technology arena in order to facilitate the online delivery of movies, games & apps to millions of desktops, mobile and smart TV devices around the World. "OTT" or Over-The-Top Home Entertainment Media targets DVD players, video game consoles, mobile products and Smart TVs with built-in Internet connectivity. These devices piggyback on existing network services in consumers' homes or offices; pull content from the Internet and deliver it to their TV set or internet enabled device. Such devices are referred to as "over-the-top" because the service rides "on top" of the internet connection subscribers already use.
Using Digidev's innovative proprietary technology, content providers like the "Something Weird Channel" will be able to reach out to previously "un-reachable" audiences with an easy to use, multi-purpose platform resulting in the ultimate engagement connecting a massive audience of new online viewers to a vast network of content owners, developers and producers.
Mike Vraney, President of Something Weird, says, "Our wacky/wonderful films have found a new home with the Digidev Group, who will take our unique content and infect a whole new generation of cinephiles around the world to the weird world of Something Weird. We thank Marty and the gang for adding us to the Digidev Group roster of internet TV channels."
Digidev President, Joe Q. Bretz, notes, "I own copies of every single title available on DVD from the 'Something Weird' library and am beyond excited that we have joined forces to bring this amazing catalogue to an entirely new audience."
Martin W. Greenwald, CEO of Digidev, adds, "I am thrilled to continue both my personal and business relationship with Something Weird Video and their 'content master' Michael Vraney. The SWV library is not only a huge body of work, but also includes hundreds of treasured films that have never enjoyed wide distribution. The OTT universe and its potential to become arguably the most aggressive worldwide distribution model ever will drive this programming to literally hundreds of millions of potential fans. Thank you Michael for entrusting us with these gems!"
Additional details of the Company's business, finances, appointments and agreements can be found as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database. For more information, visit our website at: www.digidev.com.
About Digital Development Group Corp. (OTCBB: DIDG)
The company was founded by CEO Martin W. Greenwald and President Joe Q. Bretz, who have extensive experience in the entertainment industry. Mr. Greenwald oversaw Image Entertainment Inc. as Chairman of the Board from $1 million in revenues to over $120 million in revenues per year, while Mr. Bretz started working on various media start-ups in Silicon Valley during the dot com boom in the late 90s, his experience has ranged from a feature film producer to a high tech incubator. Bretz and long time technology partner Richard Verdoni, the company's CTO, have been working on this technology in various formats for over 6-years. Given Greenwald's success in licensing content and Bretz and Verdoni's technological know-how, the company is well positioned to be a leader in the Internet television revolution.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27(a) of the United States Securities Act of 1933, as amended and Section 21(e) of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, reference to new technologies, software and sales methods as well as financial projections for the size of the internet TV market. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
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