The following is an interesting story on a company outside of the bio-med and healthcare sector which I became aware of through my activities in the social media and networking space. It will also be of interest to parents and others who are concerned about the safety of children on the Internet. I do not own any shares of DPDM yet, but will be tracking the Company to see how their business plan progresses over the next few months.

Dolphin Digital Media Inc. (DPDM.OB) develops social networking websites for young audiences based on top Nickelodeon programming content as part of a 10-year license with Dolphin Entertainment. Dolphin is also committed to making these online communities safer from online predators and cyber-bullying and developed the underlying technology in association with companies such as Novell (NOVL), utilizing biometric fingerprint identity verification and other security features.

Earlier this year, DPDM announced a $700,000 private placement, which was led by management, insiders, and existing investors. The financing represents the first in a series to secure a total of $3M for estimated cash requirement to fund the Company's strategic plans and operations. The initial financing is sufficient to fund the first phases of planned product launches, including the associated marketing initiatives.

DPDM holds a worldwide 10-year license to all of Dolphin Entertainment's online rights for current and future properties and popular Nickelodeon television shows such as 'Zoey 101', 'Ned's Declassified School Survival Guide', and the 'Roxy Hunter' mystery movie franchise. All of these shows are distributed on a global basis into more than 100 countries. Dolphin's most recent completed project is a television musical called 'Spectacular!', which stars Victoria Justice of 'Zoey 101'.

In late January, DPDM agreed to acquire Anne's Diary, Inc., which also provides the Company with full ownership of the proprietary rights to the biometric technology it now licenses from Anne's Diary. Anne's Diary was a privately held Canadian company which previously retained a 10% royalty to all revenue derived from the use of biometric identity authentication technology.