updated 1/27/2011 10:47:54 AM ET 2011-01-27T15:47:54

MIAMI, Jan. 27, 2011 (GLOBE NEWSWIRE) -- Dolphin Digital Media, Inc. ("Dolphin Digital Media" or the "Company") (OTCBB:DPDM) ( http://www.dolphindigitalmedia.com ), a creator of secure social networking websites for children utilizing groundbreaking fingerprint identification technology, today announced that it has contracted to provide production and post-production services for the exciting new web and television series, What's Up, Warthogs!, through its Dolphin Digital Studios division.

Created by Alex Diaz & Julie Sagalowsky, What's Up, Warthogs! is a high school-set comedy which follows arch-rivals Eric Ortiz (Tiago Abreu) and Victoria Jagger (Karissa Staples) as they work to transform their school's morning announcements into an "entertainment extravaganza." Dean Batali (That 70's Show, Buffy the Vampire Slayer) served as Executive Producer for the production.

Canadian-based production company Aircraft Pictures is producing the series, which recently wrapped production in Toronto. Bill O'Dowd, CEO of Dolphin Digital Media, will be an Executive Producer on the project and will take an active role in the marketing and distribution of the property worldwide. What's Up, Warthogs! will premiere on the Family Channel, Canada's leading children's television network, as well as at www.family.ca, Family Channel's destination website for its audience.

"What's Up, Warthogs! is a special property in that it works equally well as both online and on-air entertainment," states Bill O'Dowd. "Also, it's just downright funny. We're excited to be involved with Warthogs, which we see as a perfect showcase for the capabilities of Dolphin Digital Studios."

Dolphin Digital Studios was launched in September 2010 and has already serviced an original web series, Aim High, that is a co-production between Warner Bros. Digital Distribution and Dolphin Entertainment.

"To be involved in two high-profile projects with major studio and network partners within six months of launch speaks to the quality of the work and the potential for Dolphin Digital Studios," continues O'Dowd. "It's an exciting time at the company, and we're looking forward to announcing other exciting opportunities that we have in development for 2011."

ABOUT DOLPHIN DIGITAL MEDIA, INC.

Dolphin Digital Media, Inc. is dedicated to the twin causes of online safety for children and the production of high quality digital content. 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. Also, with the launch of Dolphin Digital Studios, the company is at the forefront of the growing digital entertainment sector. Please visit http://www.dolphindigitalmedia.com for more information.

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.

CONTACT: Dolphin Digital Media, Inc.
         Amanda Magid
         (305)774-0407
         Amanda@dolphindigitalmedia.com
         
         RedChip Companies, Inc.
         Investor Relations:
         Jon Cunningham
         (407)644-0758 x 107
         jon@redchip.com
         http://www.RedChip.com

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