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Digicorp Enters into Long Term
Exclusive Agreement with China Youth Net
June 22, 2008
Digicorp, Inc. (OTCBB:DGCO) announced that its wholly owned
subsidiary Youth Media (HKG) Limited has entered into a 20 plus 10
year Cooperation Agreement for exclusive advertising and media
rights with China Youth Net (CYN). This contract uniquely positions
Digicorp to market to China's massive but hard-to-reach student
population online, on campus and via mobile. CYN is the Chinese
government agency which oversees Internet activity for China's
student population of more than 70 million young people between the
ages of 14 and 28. CYN will be primarily responsible for providing
the required government licenses and regulated services including
campus and technical access as well as content approval services.
The broad ranging contract includes the exclusive use of one of only
a handful of China's highly sought after Online Broadcasting
Licenses which Digicorp will use to build and launch a large scale
premium content delivery network targeted to students via IPTV. The
new network will initially target the campus-based student
population, estimated at 45 million young people, who make up
China's most active online community and are a valuable segment
within the country's next generation of consumers. Additionally, the
agreement grants Youth Media the rights to extend the campus media
and advertising delivery onto mobile handsets in the future. "Our
partnership with CYN marks a new and exciting era for Digicorp,"
commented Jay Rifkin, Digicorp's CEO. "This sets the company firmly
in China's youth media marketplace with a strong combination of
unique assets to immediately put to work and also build on for the
future."
About Digicorp, Inc.
Digicorp, Inc. is a China focused youth marketing and media company
whose business is to deliver advertising and content to one of the
most sought after and fastest growing demographics in the world.
Digicorp's business is to provide advertisers and corporations with
direct and centralized access to China's massive but hard-to-reach
student population.
About China Youth Net
China Youth Net, an operational entity of China Youth League, is the
Chinese government agency which regulates and manages the Internet
for China's student population of more than 70 million young people
between the ages of 14 and 28.
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 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.
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