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Digidev Group Expands Into Faith Based Programming Market(June 12, 2012)
LOS ANGELES, CA -- (Marketwire) -- 06/12/12 -- 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") which represents a major step towards a licensing agreement and the subsequent creation of a globally accessible "Faith Channel" for online viewers of the Company's proprietary content streaming platform.
The agreement was entered into with G2R Media, LLC, and its principal, Jeffrey M. Lewis, a respected producer, archivist and content aggregator specializing in traditional Christian programming. Mr. Lewis is an acknowledged audio, video, film and music enthusiast with 18 years of professional experience in the entertainment industry working with formats ranging from Laserdisc and DTS Compact Disc to the launch of DVD, HD-DVD and Blu-ray in the areas of production, marketing, sales and accounting.
Throughout his professional career and for most of his adult life, Mr. Lewis has built a personal collection of content, as well as active relationships with library owners of literally thousands of titles encompassing wide-ranging programming combining some of the best known and many hidden gems encompassing feature films, documentaries, educational products, general entertainment, classic and children's programming embracing decades of productions suitable for a diverse audience of Christian individuals and their families.
Mr. Lewis states, "My interests, industry and personal relationships have converged to where I am positioned to access, assemble and produce a product offering a large number of faith based titles that people just can't find in the average retail environment. With the advent of OTT technology and through the relationship with Digidev, I hope to produce and deliver solid programming to what we believe is a potential audience conservatively estimated at millions of Christians right here in the USA and also to the hundreds of millions more around the globe. OTT is a very exciting space and one that we aim to firmly embrace right from the ground floor."
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 "Faith 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.
Martin W. Greenwald, CEO of Digidev, adds, "I've known Jeff for years and his devotion to his faith and his community is second to none. But perhaps more importantly, he really knows video and has the relationships necessary to act as an executive producer able to unearth and acquire the many really interesting titles that should prove entertaining and informative to what we believe could be a massive audience for our technology and we are very pleased he has chosen Digidev from which to launch this exciting platform."
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 90's, 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 knowhow, 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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