The Digital Development Group Terminates Financing Agreement with Ironridge Global Media
LOS ANGELES--(BUSINESS WIRE)-- The Digital Development Group Corp. (OTCBB: DIDG) ("DigiDev" or the "Company"), a rapidly expanding Internet TV content distribution company, is terminating its recent financing agreement with Ironridge Media Co., a division of Ironridge Global IV, Ltd.
DigiDev is focusing on investors with long-term investment strategies. "We seek investor partners who understand that the Internet TV Industry is in the first inning of a nine inning game," said Martin W. Greenwald, CEO of DigiDev. "Future financings are expected to be on terms that are aligned with long term shareholder interests."
DigiDev targets the revolutionary "OTT" industry or better known as Internet enabled television devices, such as (Roku, AppleTv, GoogleTV and others). They piggyback on existing network services, pull content from the Internet and deliver it to their TV.
Additionally, the Company would like to announce that it has been featured in a leading industry publication: The Online Reporter.
"We are delighted that the spotlight is on our industry. Well respected journalists have begun to highlight our differentiating factors," stated Martin W. Greenwald. "As the OTT industry continues its dynamic growth, the players in our space will realize the value of DigiDev's focus on independent content aggregation."
"The Wall Street Journal, in a featured article on the trend in 'Cable Shaving', speaks to the decline in cable subscribers who maintain a broadband connection," stated Joe Q. Bretz, President of DigiDev. "With Internet TV exceeding the largest cable networks in content delivered, the Online Reporter piece couldn't have been more timely."
About Digital Development Group Corp.
The Company's founders, CEO Martin W. Greenwald and President Joe Q. Bretz have extensive experience in the entertainment industry. As CEO, Mr. Greenwald, oversaw Image Entertainment Inc. growth to over $120 million in revenues. Given Greenwald's focus in content licensing and Bretz's technological know-how, the Company is well positioned to be a leader in the Internet television revolution. For more information please visit our website www.digidev.com.
Additional details of the Company's business can be found in the Company's public disclosures as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's("SEC") EDGAR database. Please refer to our full disclaimer, which includes our safe harbor statement, by clicking on or copying this link below into your browser:http://digidev.com/hq/disclaimer/
Nothing on this website is either an offer to purchase, or a solicitation of an offer to sell, shares of DigiDev Group or any other entity. Nothing on this website is a solicitation of a proxy from a security holder of Digital Development Group Corp. or any other company.
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