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Digital Development Group Completes Name Change and Commences Trading as DIDGFormer Regency Resources to Position Brand Under Trade Name "Digidev" (May 01, 2012)
LOS ANGELES, CA -- (Marketwire) -- 05/01/12 -- Digital Development Group Corp. (OTCBB: DIDG) ("Digidev," "Digidev Group" or the "Company) formerly Regency Resources, Inc. (OTCBB: RSRS) ("Regency") a development stage company aiming to offer an in-depth portfolio of content for Internet TV distribution, is pleased to announce that effective immediately the Company shall henceforth operate under the name DIGITAL DEVELOPMENT GROUP CORP. ("Digidev"), which best reflects Management's decision to undertake a business focus and interest in the internet media distribution sector. The Company will trade on the Over-the-Counter Exchange ("OTC") under the symbol DIDG.
In related news, the Company aims to launch its new corporate website within days. The launch will be announced shortly and the site will be located at: www.digidevgroup.com.
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.
About Digital Development Group Corp. (OTCBB: DIDG)
Digidev is a development stage company. Through a merger with Digitally Distributed Acquisition Corporation ("DDAC") the Company is moving forward as Digidev Group and seeks to build a media business using proprietary technologies and close industry relationships to develop a broad-based and varied portfolio of content for Internet TV distribution. Digidev's business model is to share revenues with content owners and provide unique monetization methods. According to industry research by iDate this market sector is expected to grow tenfold from its current $400 million in revenues to $4 Billion in 2016.
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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