TORONTO, Nov. 24, 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 New York City based accounting firm Amper, Politziner & Mattia LLP to act as Financial Advisor while the Company conducts a search for a permanent Chief Financial Officer. Peter R. Bible, Partner-in-Charge of Amper's Public Companies Group, will lead the firm's efforts in connection with this assignment.
"We are delighted to have such a seasoned finance executive join our team," said Pino Baldassarre, President and Managing Director, Dolphin Digital Media, Inc. "Peter's extensive and impressive accounting experience, particularly in coordinating the business and regulatory needs of publicly traded companies, will be a significant asset to our Company," he added.
As Partner-in-Charge of Amper's Public Companies Group, Mr. Bible leads the firm's efforts in meeting the business and regulatory needs of SEC companies. Prior to joining Amper, Mr. Bible served as Chief Accounting Officer for General Motors (GM). At GM, he held worldwide responsibility for accounting, financial reporting and forecasting, SEC reporting, financial controls and systems development. He also led numerous acquisitions, divestitures, and restructuring projects while at GM.
"We believe Dolphin Digital Media's secure social network platform represents an extraordinary opportunity to alter the landscape of internet usage among children and teenagers, and we are pleased to be acting as its financial advisor at a time when it is preparing to launch its first sites utilizing this unique authentication system," stated Mr. Bible.
Prior to GM, Mr. Bible served as Assistant Controller-Corporate Accounting for GTE Corporation. While at GTE, Mr. Bible coordinated operational, treasury, tax, risk management, internal controls, investor relations, corporate governance and computer systems projects.
Mr. Bible holds a Bachelor of Arts degree in Business and Accounting, magna cum laude, from Otterbein College. He is a member of the American Institute of Certified Public Accountants and is a CPA in both New York and Ohio. Mr. Bible is also the first-ever preparer recipient of the Andrew Braden Award from Case Western Reserve University's Weatherhead School of Management, which recognizes excellence in accounting.
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
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.