TORONTO, Aug. 15, 2008 (PRIME NEWSWIRE) -- Logica Holdings, Inc. (OTCBB:LGHL), a developer of unique social networking websites using state-of-the-art biometric identity authentication technology, announced today that, effectively immediately, it has changed its name to Dolphin Digital Media, Inc., reflecting its corporate goal of creating and managing social networking websites and bringing the same quality of entertainment to the internet as offered today through Dolphin's core brands of popular television programs for children, including Nickelodeon's top rated series Zoey 101, Ned's Declassified School Survival Guide, and the mystery movie franchise, Roxy Hunter, among others.
The Company also announced that beginning with the open of trading on Monday, August 18, 2008, its ticker symbol on the Over-the-Counter Bulletin Board will be changed to DPDM. The new CUSIP number following the name change is 25688M107. In addition, the new corporate web address is now www.dolphindigitalmedia.com.
"Our new corporate identity, stock symbol and website better reflect our strategic objective of delivering the highest standards of online safety around our popular brand properties," said Bill O'Dowd, Chairman and Chief Executive Officer of Dolphin Digital Media, Inc. "With our state-of-the-art biometric security system behind our social networking sites, we are confident that we can offer fun, entertaining and educational websites to our young audience while giving parents the added assurance that their children are discovering the power of the internet under a secure and protected online environment."
In June, Logica Holdings acquired Dolphin Digital Media, Inc. from Dolphin Entertainment. Dolphin Digital Media was created in order to take advantage of Web 2.0 and social/digital opportunities and is the exclusive holder of a worldwide ten-year license from Dolphin Entertainment to all of its digital rights for current and future properties. It is anticipated that the combination of Logica's secure biometric login technology, now Dolphin Secure(tm), and Dolphin's brand awareness and content, will create the world's safest and potentially largest children and tween on-line social networking communities.
Dolphin Entertainment is one of the world's leading entertainment companies specializing in children's and young adult programming. In addition to the Emmy(tm)-nominated and top U.S.-rated Zoey 101, Dolphin Entertainment's executive producer credits include Nickelodeon's hit series Ned's Declassified School Survival Guide and Nickelodeon's first-ever TV movies Shredderman Rules!, Last Days of Summer, and the Roxy Hunter TV movie franchise.
ABOUT DOLPHIN DIGITAL MEDIA, INC. (www.dolphindigitalmedia.com)
Dolphin Digital Media, Inc., formerly Logica Holdings, creates and manages social networking websites for children utilizing state-of the-art biometric identity authentication technology, around Dolphin's core brands of popular television programs for children, including Nickelodeon's top-rated series Zoey 101, Ned's Declassified School Survival Guide, and the mystery movie franchise Roxy Hunter, among many others.
As a leading developer of internet safety technology operating in the entertainment, digital media, e-commerce and information technology sectors, there is a common theme among each of the entities that are currently part of Dolphin Digital Media, with a focus on the growing global market for social networking, downloadable entertainment content and branded merchandise sales.
Dolphin Digital Media, Inc. operates three business units: Dolphin Digital Media, US, is the developer and operator of secure on-line communities for young audiences surrounding Dolphin's core popular brands and combining the Dolphin Secure(tm) online biometric login technology platform; Dolphin Digital Media, Canada, operates Anne's World, the licensee of Annesdiary.com, the world's first secure social networking site for girls ages 5-14, and the first site to be launched using the Dolphin Secure technology; Dolphin Digital Media, UK, is the developer and operator of Plays on the Net (playsonthenet.com), a comprehensive global online theatre community for aspiring playwrights, and Curtain Rising (curtainrising.com), a user-friendly search engine as well as print magazine that enables theatre-goers to locate productions, venues, reviews and other information, worldwide.
At the heart of Dolphin Digital Media'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, Dolphin Digital Media is able to offer a proprietary platform of identity management and database solutions.
The Dolphin Digital Media, 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.