TORONTO, June 30, 2008 (PRIME NEWSWIRE) -- Logica Holdings, Inc. (OTCBB:LGHL), a company that develops unique social networking websites using state-of-the-art biometric identity authentication technology, announced today that Bill O'Dowd, President and Chief Executive Officer of Dolphin Entertainment, has been named Chairman and CEO, succeeding Pino Baldassarre who assumes the role of President and Managing Director. Logica acquired Dolphin Digital Media (Dolphin Digital) on June 23, 2008 in exchange for 24,063,735 shares of Logica common stock, representing 51% of Logica's outstanding shares.
Dolphin Digital Media was founded by Bill O'Dowd to take advantage of Web 2.0 and social and digital opportunities and is the exclusive holder of a world wide ten-year license from Dolphin Entertainment to all of its digital rights for current and future properties.
Dolphin Entertainment, founded by Mr. O'Dowd in 1996, is one of the world's leading entertainment companies specializing in children's and young adult programming. In addition to the Emmy-nominated and top U.S.-rated Zoey 101, his Executive Producer credits include Nickelodeon's hit series Ned's Declassified School Survival Guide and Nickelodeon's first-ever TV movies Shredderman Rules!, Last Says of Summer, and the Roxy Hunter TV movie franchise.
Mr. O'Dowd graduated with honors from Harvard Law School. He also received a Master's degree in European history from Creighton University, and was named 1st-Team Academic All-American by USA Today while an undergraduate at Creighton.
"It is an honor to join Logica's leadership team and to have the opportunity to continue to build on its success," said Mr. O'Dowd. "I thank Pino, who is a true visionary in this industry, for his efforts in leading the Company and I look forward to working with him in providing young people an online tool where they can communicate, be entertained, and express their creativity in a protected and safe electronic forum."
During his tenure, Mr. Baldassarre, led the Company through many significant accomplishments. As a leading innovator in security and Internet safety technology, he assembled a partnership with Novell Corporation, Rackspace, Fujitsu, 123ID, and Weblock, the integrator of the solution, and spearheaded the development of the Company's secure biometric login technology platform incorporating fingerprint authentication, and successfully employed the system with the launch of Annesdiary.com, the first secure social networking site for children ages 5 to 14.
"I look forward to working with Bill and my new role as President and Managing Director of Logica," said Mr. Baldassarre. "More young people are using social networking sites to create online identities and to communicate with their peers, and the issue of child safety online continues to dominate headlines. We remain committed to creating websites for children where they can communicate and be creative, without the usual concerns about internet predators. "
ABOUT LOGICA HOLDINGS, INC. (www.logicaholdings.com)
Logica Holdings, Inc. is a company operating in the digital media, e-commerce and information technology sectors, focusing on the growing global market for social networking and downloadable entertainment content. Logica Holdings, includes Plays On the Net, a comprehensive and global online guide to theater; Anne's World, licensee of Annesdiary.com, the world's first secure social networking site for girls ages 5-14; Curtain Rising, a user-friendly search engine that easily enables theater-goers to locate productions, venues and information worldwide; and Dolphin Digital Media, a company founded by Bill O'Dowd to take advantage of Web 2.0 and social and digital media opportunities.
At the heart of Logica's high-tech security platform are the solutions of its technology partners: Novell Corporation, Rackspace, Fujitsu, and 123ID, all integrated through an exclusive worldwide license with Weblock International. Working with its technology partners, Logica is able to offer a proprietary platform of identity management and database solutions.
The Logica Holdings, Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=4331
SAFE HARBOR STATEMENT
This press release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to anticipated revenues, expenses, earnings, operating cash flows, the outlook for markets and the demand for products. Forward-looking statements are not guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statements. Such statements are based upon, among other things, assumptions made by, and information currently available to, management, including management's own knowledge and assessment of the Company's industry and competition. The Company refers interested persons to its most recent Annual Report on Form 10-KSB and its other SEC filings for a description of additional uncertainties and factors, which may affect forward-looking statements. The Company assumes no duty to update its forward-looking statements.