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EXHIBIT 99.1
FOR IMMEDIATE RELEASE
October 9, 20000
FOR MORE INFORMATION
AT THE COMPANY: AT THE FINANCIAL RELATIONS BOARD:
Danny Gampe Karen Taylor Kathie Leckie
Chief Financial Officer General Information Investor Contact
(310) 577-0200 x335 (310) 442-0599 (310) 442-0599
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DIGITAL LAVA TO BEGIN TRADING ON THE NASDAQ STOCK MARKET
COMMON STOCK TO TRADE UNDER THE SYMBOL "DGLV" BEGINNING OCTOBER 12
MARINA DEL REY, CA, October 9, 2000-- Digital Lava Inc. (AMEX: DGV), today
announced that its common stock will begin trading this Thursday, October 12, on
The Nasdaq Stock Market (NASDAQ) under the ticker symbol "DGLV." Digital Lava
Inc. has been trading on the American Stock Exchange under the symbol "DGV."
"We are very pleased to now be listed on the NASDAQ, the stock exchange
most closely identified with technology companies," said Chairman and Chief
Executive Officer Bob Greene. "This is an appropriate move for an emerging
growth company of our status and size and supplies a platform to highlight our
continuing rapid growth to a broader audience."
Commenting on the move, Chief Financial Officer Danny Gampe said, "We
believe that the NASDAQ provides a superior base for capital formation by
aligning Digital Lava with mainstream technology companies. By listing on the
NASDAQ, we're increasing our visibility to retail and institutional investors
here in the U.S. and overseas who look to the NASDAQ for technology investment
opportunities."
Digital Lava's listing on the NASDAQ supports its positioning as a leading
provider of business communication solutions for Fortune 2000 companies and
reinforces its desire to clearly identify Digital Lava as a strong technology
company in the emerging streaming media industry.
ABOUT DIGITAL LAVA
Digital Lava provides digital publishing services and the enabling software
technology to Fortune 2000 companies that create on demand interactive
presentations, training and communications. Its robust in-house service offering
provides a turnkey solution that delivers rich media quickly and efficiently.
These solutions provide end-users with a fully-integrated and interactive
experience on their computer desktops delivered via the Internet, intranet,
extranet, DVD, CD-ROM or any combination. Digital Lava's services and solutions
are employed by Fortune 1000 companies for use in corporate communications,
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sales, marketing and training applications. Digital Lava's partners and clients
include Microsoft, Akamai, RealNetworks, Cisco Systems, Dell Computers, Siebel,
KPMG, Prudential Insurance, Network Associates, Alcatel and CompuCom. Digital
Lava is headquartered in Marina del Rey, California. For additional information,
please visit Digital Lava's Web site at http://www.digitallava.com or call
1-888-222-LAVA.
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This press release contains forward-looking statements concerning the business
and products of the Company. Actual results may differ from those projected or
implied by such forward-looking statements depending on a number of risks and
uncertainties including, but not limited to the following: development, shipment
and market acceptance. Other risks inherent in the business of the Company are
described in Securities and Exchange Commission filings, including the Company
prospectus on Form SB-2. The Company undertakes no obligation to revise or
update any forward-looking statements to reflect events or circumstances after
the date of this release.
