TORONTO, Dec. 2, 2008 (GLOBE NEWSWIRE) -- Dolphin Digital Media, Inc. (OTCBB:DPDM), a developer of unique social networking websites using state-of-the-art fingerprint identification technology, announced today that it has retained the services of the law firm Brown Rudnick LLP to represent the Company as general counsel. Mark H. Peikin, Chair of Brown Rudnick's Entertainment & Digital Media Group, and a partner in the Firm's Corporate & Securities Group, will act as lead attorney.
"We are delighted to retain the services of Brown Rudnick as our general counsel, especially given their instrumental work in connection with the recent completion of a $100 million film financing with Continental Entertainment Capital, an affiliate of Citi, Inc. for Dolphin Entertainment, our licensing partner," said Bill O'Dowd, Chairman and Chief Executive Officer, Dolphin Digital Media, Inc. "The Firm's broad range of capabilities and experience across corporate, securities, entertainment, digital media, Web 2.0, finance, and intellectual property law are a valuable asset to my strategic business mission."
Brown Rudnick's Entertainment & Digital Media Group offers substantial experience in representing companies with regard to financings, public offerings, mergers and acquisitions, structuring and financing of equity film and television production funds, establishment of prints and advertising revolving debt facilities, and the securitization of film and music libraries.
"We are excited to be representing the interests of Dolphin Digital Media," said attorney Mark Peikin. "We believe the Company has an extremely promising future, and look forward to continuing our successful relationship with the Dolphin family of brands."
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 fingerprint identification 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 focus on the growing global market for social networking, downloadable entertainment content and branded merchandise sales.
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, DDM is able to offer a proprietary platform of identity management and database solutions.
The Dolphin Digital Media, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4331
ABOUT BROWN RUDNICK LLP
Brown Rudnick is an international law firm with offices in the United States and Europe. The Firm represents clients from around the world, providing business-focused solutions that address today's ever-changing, ever-demanding competitive marketplace. With an entrepreneurial and collaborative mindset, Brown Rudnick offers a broad slate of capabilities and talents in areas that include: Corporate and Securities, Entertainment & Digital Media, Intellectual Property, Finance, Energy, Bankruptcy & Corporate Restructuring, Complex Litigation, Government Contracts, Government Law & Strategies, Health Law and Real Estate. For more information, please visit www.brownrudnick.com.
The Brown Rudnick Center for the Public Interest is a measure of the Firm's strong commitment to the community and serves as an umbrella entity encompassing the Firm's pro bono legal work, charitable giving, community involvement and public interest efforts. For more information, please visit www.brownrudnickcenter.com.
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.