Dolphin Digital Media Completes Management-Led Private Placement

MIAMI, Jan. 12, 2009 (GLOBE NEWSWIRE) -- Dolphin Digital Media, Inc.
(OTCBB:DPDM), a developer of unique social networking web sites using
state-of-the-art fingerprint identification technology, announced today that it
has completed a $700,000 private placement of a budgeted $3,000,000 estimated
financing requirement, with the first tranche led by management, insiders and
existing investors.

"The proceeds of this initial transaction provide sufficient funds to carry the
Company through the first phases of its planned product launch and related
public relations campaign for its subscription-based secure online social
networking sites for children and tweens," stated Bill O'Dowd, Chairman and
Chief Executive Officer of Dolphin Digital Media. "We are very excited about
this large potential opportunity at a time when social networks are rapidly
growing and children surfing the Internet are vulnerable to online predators and
cyber-bullying. The management team and Board of Directors of Dolphin Digital
Media are firmly committed to creating a safe online experience for children
while providing top tier children's brands and entertainment for our users and,
at the same time, giving parents peace of mind that their children are in a
secure social networking environment," he added.

Dolphin Digital Media is the exclusive holder of a worldwide ten-year license to
all of Dolphin Entertainment's online rights for current and future properties.
The Dolphin family of brands include top programming for Nickelodeon, with hit
television titles such as Emmy-nominated and top-rated "Zoey 101," as well as
"Ned's Declassified School Survival Guide," and the "Roxy Hunter" mystery-movie
franchise, all of which have sold into more than 100 countries. Dolphin's most
recent completed project, the upcoming television musical, "Spectacular!,"
starring Victoria Justice (Zoey 101), is scheduled to premiere on Nickelodeon in
February.

ABOUT DOLPHIN DIGITAL MEDIA, INC.

Dolphin Digital Media, Inc. (http://www.dolphindigitalmedia.com), formerly
Logica Holdings, 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.

The Dolphin Digital Media, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=4331

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.

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CONTACT: The Wall Street Group, Inc.
Ron Stabiner
212-888-4848