DIGG this, spin offs?? Public companies??
DIGITAL GAS NAMES CALDERHEAD AND PHIN TO PROVIDE ADVERTISING,
Commercialization and Strategic Alliances
For Its Two '.com' Spinoff Subsidiaries
NEW YORK, May 5 /PRNewswire/ -- Digital Gas (OTC Bulletin Board: DIGG) today announced that it has entered into an agreement with Calderhead
and Phin Ltd. of New York to provide advertising and commercialization, as well as negotiate strategic alliances for two Internet portals and their
associated businesses that Digital will place in separate wholly owned companies that will operate independently from Digital Gas. Richard Calderhead,
President of Calderhead and Phin will join the Board of Directors of the new companies.
Calderhead and Phin will also provide consulting and advertising services to Digital for its core telecommunications, software and Internet-based
businesses, as well as its oil & gas operation. The alliance between the companies allows Digital Gas and Calderhead and Phin to form joint ventures
with third party strategic partners. The agreement also enables Kommerce Systems Inc., Digital's 50% owned subsidiary, to focus on developing
products, technologies and new business opportunities.
"My first priority is to launch the advertising and commercialization campaigns for the two Internet-based businesses: that Digital plans to implement as
separate private or public companies, said Mr. Calderhead. "Digital Gas has exceptional potential to make significant inroads in Internet-based
commercialization which is why they are launching two separate and distinct portals," he added.
Calderhead and Phin was formed in 1980 by Mr. Calderhead, and has won hundreds of creative awards in the advertising industry, including Gold Medals
for Copy and Design. The agency's clients have included AIG, AON, Marsh & McLennan, Swiss Re, American Express, Citicorp, Chemical, Chase,
General Foods, Bristol Myers, American Home Products, American Airlines, Chevrolet, VW, Met Life, Nova Care, Business Week, Forbes, Fortune and
Esquire.
Mr. Calderhead began his career with Young & Rubicam in New York and then worked at Doyle, Dane & Bernbach in Europe, where he created
advertising for such leading brands as Volkwagen, Polaroid and Avis. He later became Executive Creative Director of Campbell Ewald New York,
overseeing such accounts as Swissair and Chevrolet. The originator of the "Capitalist Tool" theme for Malcolm Forbes, Mr. Calderhead writes frequently
for advertising publications, including Graphis, the international advertising and design publication. He also has taught advertising at Syracuse Graduate
School, The New School and the School of Visual Arts in New York.
Digital Gas, which is headquartered in Dallas, Texas, is currently holding discussions with several Wall Street firms to provide Investment Advisory
services for its telecommunications, software, oil & gas and Internet-based businesses.
For further information, contact Robert Lynn, President at 214-691-3640.
SOURCE Digital Gas |
