DigitalTown, Inc. Evolution From BDC Capital Completed

MINNEAPOLIS, MN -- (MARKET WIRE) -- March 1, 2007 -- DigitalTown, Inc. today officially emerged from BDC Capital, Inc., as its new name took effect. The company's stock has received a new symbol and is now traded as (OTCBB: DGTW).

The company's board, which approved the new name in January, said it authentically reflects the company's focus on building online communities and completes its evolution from a business development corporation to an operating company. DigitalTown is linking together a nationwide networking portal that encircles nearly 27,000 community-based "spirit" sites.

"As DigitalTown develops thousands of online communities, it truly is building a nationwide digital network," Jeff Mills, a DigitalTown director, said. "This name better reflects the company's mission and identity."

About DigitalTown, Inc.

DigitalTown, Inc., based in Burnsville, MN, is developing a nationwide network of online communities for high school alumni, boosters and students. Any statements contained herein related to future events are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on forward-looking statements. DigitalTown, Inc. undertakes no obligation to update any such statements to reflect actual events.

Contact Information: Contact: DigitalTown, Inc. Marcia Appel (952)890-2362 Email Contact