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MARINA DEL REY, Calif.–(BUSINESS WIRE)–Digicorp, Inc. (OTCBB:DGCO) announced today that it has entered into a content license agreement with New China Media, LLC, an aggregator of American and European content for China-based media companies. Additionally, Digicorp’s wholly owned subsidiary Youth Media (Hong Kong) Limited has entered into a content supply agreement with New China Media and Yes TV (Hong Kong) Limited, a content aggregator in Asia providing, among other things, live and delay broadcast for distribution and transmission via telecommunications networks.
These content agreements are part of Digicorp’s initiatives to focus its business as an aggregator and distributor of international content for China’s valuable and sought-after youth demographic. Digicorp is allocating a significant amount of its available resources to building and launching a large scale, advertising supported Internet media portal in China that will target China’s student population, which the Chinese government estimates at 160 million young people, ranging from eighth grade through university. “New China Media’s extensive China experience and Yes TV’s wide-ranging catalogue will play key roles in realizing Digicorp’s vision to deliver advertising along with premium content to China’s most active online community,” commented Jay Rifkin, Digicorp’s CEO.
New China Media will license to Digicorp the rights to use, transmit and publicly display certain content via the Internet in China. “Digicorp’s venture in China provides a compelling approach to target and penetrate one of the most sought-after demographics in Asia, bringing a unique value proposition to our content providers,” commented New China Media’s Chairman and CEO Dennis Pelino.
Yes TV will supply content to Digicorp’s subsidiary Youth Media for distribution via the Internet in China. “Yes TV is excited about delivering our content to a new and untapped audience in the fastest growing broadband market in Asia,” commented Thomas Kressner, CEO of Yes TV. “We believe in Digicorp’s strategy to break through this market and build a loyal following.”
About Digicorp, Inc.
Digicorp is an aggregator and distributor of international content for Internet consumption in China. The company is engaged in the business of developing, marketing and distributing programming content, multi-media technologies, and advertising via the Internet and will focus a significant amount of its available resources to building and launching a large scale, advertising supported Internet media portal in China.
About New China Media, LLC
New China Media, LLC is an aggregator of American and European content for China-based media companies. New China Media also offers consulting services to US-based entertainment and media firms seeking to acquire or partner with media companies in China.
About Yes TV (Hong Kong) Limited
Yes TV is a media company specializing in the aggregation and production of compelling TV and video entertainment channels, with distribution across Asia. Yes TV provides, amongst other things, live and delay broadcast for distribution and transmission via telecommunications networks.
Forward-Looking Statements
This press release contains certain forward-looking statements. These forward-looking statements can generally be identified as such because the context of the statement will include words such as Digicorp “expects,'' “should,'' “believes,'' “anticipates'' or words of similar import. Stockholders, potential investors and other readers are cautioned that these forward-looking statements are predictions based only on current information and expectations that are inherently subject to risks and uncertainties that could cause future events or results to differ materially from those set forth or implied by the forward-looking statements. Certain of those risks and uncertainties are discussed in the Digicorp filings with the Securities and Exchange Commission, including Digicorp’s annual report on Form 10-KSB and quarterly reports on Form 10-QSB. These forward-looking statements are only made as of the date of this press release and Digicorp does not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
Contact:
Digicorp, Inc.Sophia Kim310-728-1457info@DGCOinc.comwww.dgcoinc.com
Source: Digicorp, Inc.
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