SOURCE: DigitalTown, Inc.

April 04, 2007 16:15 ET

DigitalTown, Inc. Announces That It Has Retained Stifel Nicolaus as Financial Advisor

MINNEAPOLIS, MN -- (MARKET WIRE) -- April 4, 2007 -- DigitalTown, Inc. (OTCBB: DGTW) today announced that it has retained Stifel, Nicolaus and Company, Incorporated as financial advisor to assist the company in its mission of developing a nationwide network of online communities for high school alumni, boosters and students. As financial advisor, Stifel Nicolaus will assist the company in creating strategic opportunities, including but not limited to, the development and evaluation of possible acquisitions, joint ventures or other strategic relationships or transactions. There can be no assurances that a transaction will result from this process and the company does not intend to disclose developments regarding the process unless and until the company's Board of Directors has approved a specific transaction or as required by federal securities laws.

In commenting on the relationship with Stifel Nicolaus, Richard A. Pomije, Chief Executive Officer of DigitalTown, stated, "We are pleased to announce our association with such a high quality and respected firm as Stifel Nicolaus. The firm's outstanding reputation, extensive relationships and long standing middle market advisory activities should prove to be very advantageous to DigitalTown in its efforts to build a nationwide digital network connecting thousands of online communities. We look forward to working closely with them towards that end."

About DigitalTown, Inc.

DigitalTown, Inc., based in Burnsville, MN, is developing a nationwide online networking portal for high school alumni, boosters and students through nearly 27,000 school-specific websites. 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. DigitalTown, Inc. undertakes no obligation to update any such statements to reflect actual events.

Contact Information

  • Contact:
    DigitalTown, Inc.
    Marcia Appel
    (952) 890-2362