Logica Holdings Closes Acquisition of Dolphin Digital Media

    Transaction Valued at More Than $20 million Will Enable Creation of New
    Safe and Secure Social Networking Websites Around Dolphin's Core Brands
    of Popular Children's Television Shows

    TORONTO, June 24 /CNW/ - Logica Holdings, Inc. (OTCBB: LGHL.OB), a
developer of social networking websites using state-of-the-art biometric
identity authentication technology, announced today that it has completed its
acquisition of Dolphin Digital Media, Inc. (Dolphin Digital). The acquisition
paves the way for Logica Holdings, Inc. (Logica) to create and manage social
networking websites around Dolphin's core brands of popular television
programs for children, including Nickelodeon's top-rated series Zoey 101,
Ned's Declassified School Survival Guide, and the mystery movie franchise Roxy
Hunter, among many others. Earlier this year, Dolphin Digital became the
exclusive ten-year licensee of Dolphin Entertainment's worldwide digital
rights to its current and future properties.
    Under the terms of the acquisition, Logica exchanged 24,063,735 shares of
Common Stock, equal to 51% of its fully diluted issued and outstanding Common
Stock, in exchange for the entire issued share capital of Dolphin Digital.
Based on the trailing five-day average closing price of Logica Common Stock
prior to the closing, this had an approximate market value of $20.2 million.
    "Our merger with Logica will help us deliver the highest standards of
online safety for children and tweens around our properties and eventually
other destinations," said Bill O'Dowd, President and Chief Executive Officer
of Dolphin Digital and Dolphin Entertainment (Dolphin). "With Logica's
proprietary state-of-the-art biometric security platform behind our highly
popular brand content, we are confident that we can create a safe and
desirable online environment for young audiences."
    "We are excited to be working with Dolphin Digital Media," said Pino
Baldassarre, Chief Executive Officer of Logica. "We are committed to creating
a secure and protected online environment for young people where users must be
authenticated before entering our websites, enabling our children to
experience the Internet in a safe and secure environment."
    Dolphin Entertainment controls the international distribution of its
programming, with its roster of highly successful programs available in more
than 100 countries and 300 million homes worldwide. "Zoey 101," in particular,
has been a major hit since its premiere on Nickelodeon in January, 2005,
having been nominated for an Emmy(TM) Award for Outstanding Children's Program
that same year. "Zoey 101" and other shows produced by Dolphin have achieved
several ratings records in the United States and Canada, and have performed
exceptionally well overseas. Many of Dolphin's international broadcast
partners have created the most successful online campaigns in their history
utilizing Dolphin properties.
    At the heart of Logica's high-tech security platform are the solutions of
its technology partners: Novell Corporation, Rackspace, Fujitsu, and 123ID,
all integrated through an exclusive worldwide license with Weblock
International. Working with its technology partners, Logica is able to offer a
proprietary platform of identity management and database solutions.


    Dolphin Entertainment, founded by Bill O'Dowd in 1996, is one of the
world's leading entertainment companies, specializing in children's and young
adult programming. In addition to the Roxy Hunter mystery movie franchise,
Dolphin's other 2007 Executive Producer credits include Emmy-nominated(TM) and
top U.S. rated Nickelodeon series Zoey 101, and the hit series Ned's
Declassified School Survival Guide, as well as Nickelodeon's first-ever TV
movies Shredderman Rules! and The Last Day of Summer. Complementing its
financing, production, and distribution divisions, Dolphin has successfully
launched an international merchandising and licensing group with Zoey 101
campaigns in Canada, Australia, and Western Europe, with plans to expand into
more than two dozen countries. Dolphin Digital was also founded by Bill O'Dowd
to take advantage of Web 2.0 and social and digital media opportunities.

    ABOUT LOGICA HOLDINGS, INC.  (www.logicaholdings.com)

    Logica Holdings, Inc. is a company whose primary focus is in the digital
media, e-commerce and information technology sectors. The current
configuration of held companies reflects a common theme: the growing global
market for social networking and downloadable entertainment content. This is
the essential idea behind the entities that are currently part of Logica,
which include Plays On the Net, a comprehensive and global online guide to
theater, Anne's World, licensee of Annesdiary.com, the world's first secure
social networking site for girls ages 5-14, and Curtain Rising, a
user-friendly search engine which will enable theater-goers to locate
productions, venues and information with ease.


    This press release may include forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995, including
statements related to anticipated revenues, expenses, earnings, operating cash
flows, the outlook for markets and the demand for products. Forward-looking
statements are not guarantees of future performance and are inherently subject
to uncertainties and other factors which could cause actual results to differ
materially from the forward-looking statements. Such statements are based
upon, among other things, assumptions made by, and information currently
available to, management, including management's own knowledge and assessment
of the Company's industry and competition. The Company refers interested
persons to its most recent Annual Report on Form 10-KSB and its other SEC
filings for a description of additional uncertainties and factors, which may
affect forward-looking statements. The Company assumes no duty to update its
forward-looking statements.

For further information:

For further information: Pino G. Baldassarre, Chief Executive Officer,
Logica Holdings, Inc., (416) 929-5798 -or- Ron Stabiner, The Wall Street
Group, Inc., (212) 888-4848

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890