Digidev is pleased to announce the launch date for its first of many "OTT" internet channels. "OTT" is an industry term that stands for "Over the Top" to describe an internet TV channel running on top of regular high speed internet service.

"We have been working non-stop to reach the point where we are now able to announce a launch target of early August 2012 for our first 'OTT' Channel," stated Martin W. Greenwald, Chairman and CEO of Digidev. "This milestone propels us out of the 'development' stage and ramps us into operations which for our content providers and shareholders alike is truly great news."

The inaugural channel will introduce the "Something Weird" portfolio of classic films to a new audience of internet connected viewers. This feature portfolio is especially noteworthy because it has already been generating considerable revenues through its distribution on traditional "on demand" cable platforms. "The fact that proven classic content was selected as a long term component of the Digidev distribution portfolio speaks to our industry background and ability to license superior niche content that consumers truly want to see," adds Greenwald.

The channel will be available on a wide variety of internet enabled devices such as Google TV, Roku, Boxee and mobile devices. Digidev continues to negotiate and close similar distribution agreements for commercially noteworthy and compelling content that is aimed at reaching a large and growing audience as the "OTT" market continues its rapid expansion.

"Since Digidev's inception, the 'OTT' sector has developed beyond all initial expectations, and with the recent additions to our management and core development team, Digidev is poised to emerge as one of the independent leaders in this evolving industry," comments Company President Joe Q. Bretz.