Contact Information: Contact: BDC Capital, Inc. Marcia Appel (952) 890-2362 Email Contact
DigitalTown, Inc. Emerges From BDC Capital
Company's Board Approves Name Change to DigitalTown, Inc.
| Source: BDC Capital, Inc.
MINNEAPOLIS, MN -- (MARKET WIRE) -- January 8, 2007 -- BDC Capital, Inc. (OTCBB : BDCN ) today
announced that it is changing its corporate name to DigitalTown, Inc.,
effective March 1, 2007. The company's board, in approving the change,
said that the new name authentically reflects the company's focus on social
networking and completes its evolution from a business development
corporation to an operating company.
"As the company develops its nationwide community-based social network, it
truly is building a digital town," Jeff Mills, of Xerox and one of BDC's
directors, said. "This name brings a true identity to the company's
mission and strategies."
The company will continue to be traded on the over-the-counter market and
will receive a new stock symbol. The new symbol will be announced when it
is assigned.
DigitalTown is linking together a nationwide social networking portal that
encircles nearly 27,000 community-based "spirit" sites. At the grassroots
level, Digitaltown.com, the portal's name, allows community boosters, high
school students and alumni an opportunity to connect with each other and to
support their local schools and businesses. From their own "hometowns" --
i.e., www.burnsvilleblaze.com -- local citizens and students can reach out
to others who share their interests across the nationwide network. At the
same time, people who have moved away from their hometowns easily can
reconnect with former classmates, friends, neighbors and their former high
schools as well.
"DigitalTown mirrors the changing media and communications patterns in our
country and the world," David R. Pomije, BDC Capital chief executive
officer, said. "We are connecting with each online, communicating with
each other online, getting our news and information online, following our
friends, kids, schools and interests online, shopping online -- and
increasingly finding our entertainment online. DigitalTown, through its
portal, honors the grassroots nature of our communities while connecting
them into a sea-to-sea, border-to-border network."
The DigitalTown portal, now under construction, includes features such as
email johnny@burnsvilleblaze.com, alumni communication and reunion tools,
chat, a wide range of high school activities such as music, drama and
athletics, personal profiles, photo, video and music sharing and timely
community news.
About BDC Capital and DigitalTown
DigitalTown is a division of BDC Capital, Inc., based in Burnsville, MN,
and is developing a social-networking community 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. BDC Capital, Inc. undertakes no obligation to update any such
statements to reflect actual events.