SOURCE: Digital Development Group Corp.

Digital Development Group Corp.

August 01, 2012 09:00 ET

Digidev Group Launches In-House Production of Original Programming

LOS ANGELES, CA--(Marketwire - Aug 1, 2012) - The Digital Development Group Corp. (OTCBB: DIDG) ("Digidev," "Digidev Group" or the "Company), a development stage company aiming to offer an in-depth portfolio of content for Internet TV distribution, is pleased to announce the launch of its in-house creative department beginning with the production of a dedicated Video Blog series.

"What we have learned in speaking with both our clients and stakeholders is the need to diligently educate the potentially vast user base of "Over-The-Top" (OTT) internet TV products," stated Martin W. Greenwald, Chairman and CEO of Digidev. "Our aim is to show the community at large about the benefits of ready access to high-quality online video entertainment." 

"The first series of original programming will demonstrate our business proposition and showcase our state of the art production capabilities allowing us to both educate the consumers and entice content owners to utilize our services," added Joe Q. Bretz, President of Digidev.

"We believe that our in-house digital production capability allows us to enhance the OTT user experience as we intend to bring in a continuous stream of talent to 'curate' the content we intend to add to our channel lineup," adds Greenwald.

The video productions will be available on a wide variety of internet enabled devices such as Google TV, Roku, Boxee, mobile devices as well as on the proprietary Digidev network. The Company continues to negotiate distribution agreements for commercially noteworthy and compelling content aimed at reaching a growing audience as the "OTT" market continues its rapid expansion.

Digidev believes that the creation and distribution of original content will positively impact the rollout and acceptance of this new technology. "We are not here to follow the wave of OTT, we intend to be the wave," comments Greenwald.

In related news, the Company is also pleased to announce that the closing of the merger between Digitally Distributed Acquisition Corp and The Digital Development Group Corp.

Additional details of the Company's business, finances, appointments and agreements can be found as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database. For more information, visit our website at: www.digidev.com.

About The Digital Development Group Corp. (OTCBB: DIDG)

The company was founded by CEO Martin W. Greenwald and President Joe Q. Bretz, who have extensive experience in the entertainment industry. Mr. Greenwald oversaw Image Entertainment Inc. as Chairman of the Board from $1 million in revenues to over $120 million in revenues per year, while Mr. Bretz started working on various media start-ups in Silicon Valley during the dot com boom in the late 90s, his experience has ranged from a feature film producer to a high tech incubator. Bretz and long time technology partner Richard Verdoni, the company's CTO, have been working on this technology in various formats for over 6-years. Given Greenwald's success in licensing content and Bretz and Verdoni's technological knowhow, the company is well positioned to be a leader in the Internet television revolution.

Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27(a) of the United States Securities Act of 1933, as amended and Section 21(e) of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, reference to new technologies, software and sales methods as well as financial projections for the size of the internet TV market. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

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