MIAMI, Aug. 19, 2010 (GLOBE NEWSWIRE) -- Dolphin Digital Media, Inc. (OTCBB:DPDM) ("the Company") (http://www.dolphindigitalmedia.com), a creator of secure social networking websites for children utilizing ground-breaking fingerprint identification technology, is pleased to announce that Nelson E. Famadas has joined the Company as Chief Operating Officer.
In his new role, Mr. Famadas will oversee Dolphin Digital Media's daily operations in order to improve product management, business development, and strategic planning.
"I am thrilled to join Dolphin Digital Media and look forward to being involved in the Company's projects and subsequent growth," said Mr. Famadas. "This should be an exciting year with all the new initiatives we currently have under development, working alongside Bill and the rest of the team."
Mr. Famadas is a graduate of Harvard University, where he majored in Economics. He also received an MBA from the Owen Graduate School of Management at Vanderbilt University. Prior to joining Dolphin Digital Media, Mr. Famadas served as President and COO of Gables Holding Corporation, a real estate development company in Puerto Rico. The company was fully diversified in residential, commercial, and Low-Income Tax Credit subsidized housing developments. Mr. Famadas supervised daily operations and long-term planning, including arranging financing for most of the projects.
From 1995 through 2001, Nelson co-founded and managed Astracanada Productions, a television production company based in Miami that catered mostly to the U.S. Hispanic audience. The company produced over 1300 hours of television programming. As Executive Producer, he received a Suncoast Regional Emmy Award in 1997 for Entertainment Series for "A Oscuras Pero Encendidos," a late-night talk show. Mr. Famadas was responsible for all managerial functions including operations, finance, advertising and syndication sales, and human resources. Prior to starting Astracanada, Mr. Famadas also worked at MTV Networks and Procter & Gamble.
"I've admired Nelson Famadas' career for 15 years, and it's very rare to have the opportunity to work with someone you respect as much as I do Mr. Famadas," states Bill O'Dowd, CEO and President of Dolphin Digital Media. "His financial planning expertise is some of the best I've seen, and he has managed a successful creative startup. I'm looking forward to a bright future together."
ABOUT DOLPHIN DIGITAL MEDIA, INC.
Dolphin Digital Media, Inc. is dedicated to the cause of online safety for children. By creating and managing child-friendly social networking websites utilizing state-of-the-art fingerprint identification technology, Dolphin Digital Media has taken an industry-leading position with respect to internet safety, as well as digital entertainment. For more information, please visit http://www.dolphindigitalmedia.com.
SAFE HARBOR STATEMENT
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.