ORLANDO, Fla., July 29, 2009 (GLOBE NEWSWIRE) -- RedChip Visibility, a division of RedChip Companies, Inc., has initiated coverage on Dolphin Digital Media, Inc. (OTCBB:DPDM), a creator of secure social networking websites for children and teens through utilization of state-of-the-art fingerprint authentication technology.
Rahul Sowani, MBA, RedChip Research Analyst, reported:
"With a unique business model and rapidly growing demand for child security, we believe that DPDM is capable of emerging as an important player in the child Internet security market. The Company's signature product, Dolphin Secure, utilizes biometric fingerprint authentication technology to provide a safe alternative to social networking sites such as MySpace or FaceBook, which offer little to no security.
"With more than 30 million children in the United States vulnerable to predators on the Internet, the estimated market for DPDM's product is over $1 billion. The relative low cost of its subscription along with the high importance attached by parents to their child's safety is likely to ensure strong demand for DPDM's products."
Sowani continued: "We are initiating coverage of Dolphin Digital Media, Inc. with a 'Buy' rating and 12-month target price of $2.50 based on: (1) its robust and highly scalable business model which provides subscription-based, recurring revenue with significant operating leverage; (2) a unique product addressing a huge target market; and (3) qualified and experienced management with a proven track record of creating successful products and entertainment for children worldwide."
To receive a complimentary copy of the RedChip Visibility Initial Research Report for DPDM, please visit: http://www.redchip.com/about/aboutmain.asp?page=vreport&reportid=185&from=pr7292009
To learn more about Dolphin Digital Media, visit http://www.redchip.com/visibility/investor.asp?symbol=DPDM.
About Dolphin Digital Media
Dolphin Digital Media, Inc. creates and manages social networking websites for children utilizing state-of the-art fingerprint identification technology. As a leading developer of Internet safety technology operating in the entertainment, digital media, and e-commerce sectors, there is a focus on the growing global market for social networking, downloadable entertainment content and branded merchandise sales. At the heart of Dolphin Digital Media's high-tech security platform are the solutions of its technology partners: Novell Corporation, Stratacache, Rackspace, and 123ID, all integrated through an exclusive worldwide license with Weblock International. Working with its technology partners, DDM is able to offer a proprietary platform of identity management and database solutions.
About RedChip Companies, Inc.
RedChip Companies is an international, small-cap research and financial public relations firm headquartered in Orlando, Florida; with affiliate offices in Paris and Qingdao, China. RedChip delivers concrete, measurable results for its clients through its extensive national and international network of small-cap institutional and retail investors. RedChip has developed the most comprehensive platform of products and services for small-cap companies, including: RedChip Research(tm), Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences, RedChip Small-Cap TV(tm), Social Media Services, and RedChip Radio(tm). To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/productsandservices.asp.
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Disclosure
The analysts contributing to this report do not hold any shares of Dolphin Digital Media, Inc. ("DPDM"). RedChip certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analyst in the report. The equity research report(s) are not a recommendation of a solicitation to purchase or sell any security, nor do they constitute investment advice. DPDM is a client of RedChip Companies, Inc. and of RedChip Visibility, a division of RedChip Companies. DPDM agreed to pay RedChip Visibility a fee of fourteen thousand nine hundred ninety-five dollars in cash for RedChip Visibility Program services, which includes the preparation of the equity research report(s). The equity research report(s) are prepared for informational purposes only and are paid for by the company portrayed in the report. RedChip Companies, Inc., is currently engaged by this company to provide investor awareness services. Investor awareness services and programs are designed to help small-cap companies communicate their investment characteristics. These services may include investor conferences, digital and print distribution of DPDM investor-related materials and radio programming. DPDM agreed to pay RedChip Companies, Inc., a fee of six thousand dollars in cash each month for six months and fifty six thousand shares of Rule 144 common stock for the first three months of IR services; and an additional thirty thousand shares of Rule 144 common stock for the final three months of IR services. RedChip Companies, Inc., employees and affiliates may have positions and affect transactions in the securities or options of the issuers mentioned herein.