SOURCE: DigitalTown, Inc.

September 16, 2008 07:00 ET

DigitalTown Names John Witham as New Executive Vice President/CFO

MINNEAPOLIS, MN--(Marketwire - September 16, 2008) - The board of directors of DigitalTown, Inc. (OTCBB: DGTW) today named John A. Witham, a 20-plus-year veteran of effective corporate financial leadership and capital raises, to the new position of executive vice president and chief financial officer. Acting CFO Paul Gramstad has been appointed controller of DigitalTown and will report to Witham.

The new financial team reflects DigitalTown's maturation as its Los Angeles-based advisory board moves forward to build out its 27,000 local online communities tied to the heart of all cities and towns -- their high schools.

Witham most recently served as EVP and CFO of Wireless Ronin Technology, Minneapolis, where he helped complete its 2006 IPO for $18 million and a 2007 follow-up offering for $27 million. From 2002 to 2004 Witham held similar positions at Metris Companies, the Minneapolis-based consumer credit-card issuer. He successfully led Metris through a restructuring effort by planning and completing a package of loans, sales of receivables and one of the company's ancillary businesses and other structured financing. Among his other corporate achievements: Witham assisted the listing of Bracknell Corp., a Canadian company, to complete its listing on NASDAQ and raised public financing for and completed the listing of Arcadia Financial LTD., a Bloomington, Minn., company, on the NYSE.

Witham's full biography, whose high school alma mater carries the DigitalTown domain, can be found at

According to Witham, DigitalTown presents the opportunity to launch one of the largest locally based social networks in the country. "The companies 27,000 local online communities represent enormous potential to integrate the grassroots with national outreach and networking. This integration will deliver new opportunities to students, their schools and communities and to our partners serving them."

Richard A. Pomije, founder and chairman, said of Witham, "With John's experience and leadership DigitalTown has an able captain to lead our team through this time of rapid growth."

About DigitalTown

DigitalTown, Inc., based in Burnsville, Minn., is developing a nationwide network of more than 27,000 local online communities for high school students, alumni, boosters and local citizens.

Safe Harbor Language

Any statements contained here-in related to future events are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act 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. For more information, please visit

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