Logica Holdings to Acquire Dolphin Digital Media

    Acquisition Will Enable Logica to Create New Safe and Secure Social
    Networking Websites Around Dolphin's Core Brands of Popular Children's
    Television Shows

    TORONTO, June 17 /CNW/ - Logica Holdings, Inc. (OTCBB: LGHL.OB), a
company that develops social networking websites using state-of-the-art
biometric identity authentication technology, announced today that it has
entered into a non-binding Heads of Terms to acquire Dolphin Digital Media
LLC. The proposed acquisition will enable 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 Media became the
exclusive ten year licensee of Dolphin Entertainment's worldwide digital
rights to its current and future properties.
    This proposed acquisition, when consummated, will allow the launch of a
series of new secured social networking communities for children worldwide. It
is anticipated that the combination of Logica's technology and Dolphin's brand
awareness and content will create the world's safest and potentially largest
children and tween communities - effectively solving identified problems
associated with online social networking, which have been front page news over
the last few years. Under the proposed terms of the contemplated acquisition,
Logica will purchase the entire issued share capital of Dolphin and it is
anticipated that the deal will be valued in excess of $15 million.
    "We are very excited to be joining forces with Dolphin Digital Media to
create new websites for Dolphin's core audience," said Pino Baldassarre, Chief
Executive Officer of Logica Holdings, Inc. "Dolphin's increasingly popular
library of children's and young adult programming will help us introduce more
young people to the safe usage of the Internet utilizing our state-of the-art
biometric technology platform," said Mr. Baldassarre. "Given the lack of
viable alternatives for online safety, we are proud to be the solution and a
resource to parents, lawmakers, and most importantly, children, by setting
this new standard."
    "We are thrilled for the opportunity to introduce our worldwide audience
of young viewers to the powerful medium of the Internet under a safe and
protected environment," said Bill O'Dowd, President and Chief Executive
Officer of Dolphin Digital Media and Dolphin Entertainment. "Parents of our
young viewers will be reassured to know that their children will be using our
websites in a protected platform that eliminates external threats, thanks to
Logica's proprietary security technology."
    Dolphin Entertainment controls the international distribution of its
programming, with its roster of highly successful programs available in over
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 in the Dolphin roster, have achieved
several ratings records in the United States and Canada, and have performed
exceptionally well overseas. As would be expected, 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 solution.
    Logica possesses the technology to create secure virtual worlds where the
identities of all members are verified and authenticated. The system employs a
secure fingerprint technology combined with secure storage and management of
information, all handled by hacker-safe certified Rackspace hosting
technology, one of the world's largest and most secure managed hosting
facilities currently in use by such leading brands as Microsoft, Dell and


    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 now Western Europe, with plans to expand
into more than two dozen countries. Dolphin Digital Media was also founded by
Bill O'Dowd to take advantage of Web 2.0 and social and digital media

    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
Holdings, 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

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