Digicorp's Patent Pending ViraCast Software Propels PerreoRadio.com Podcast to First Page of New iTunes Store; Proprietary Application Delivers Interactive, Full Motion Video Podcasts

Business Wire, Sept 14, 2006

MARINA DEL REY, Calif. -- PerreoRadio.com, a division of Digicorp (OTCBB:DGCO), landed its video podcast on the first page of the new iTunes Store when Apple Computer, Inc. unveiled the latest version on Tuesday. Apple announced that this edition, iTunes 7, is the most significant enhancement to its dominant online music and video store since it debuted in 2001.

iTunes selected the number one Reggaeton podcast, PerreoRadio.com, to be placed prominently on its first page of Featured Video Podcasts, along with MTV and NPR. A leading source for contemporary Latino music and culture, the PerreoRadio.com podcast showcases breakout DJs from the nation's hottest clubs.

Produced and published using Digicorp's proprietary, patent pending technology, the PerreoRadio.com podcast ushers in a new and unique form, the ViraCast. Melding together a wide range of media assets, a ViraCast serves up interactive, full motion video with advanced features.

"ViraCasting is a revolutionary process that injects a rich, multi-media experience into the flat world of standard podcasts," commented Digicorp CEO Jay Rifkin. "With the introduction of Apple's iTunes 7 and Digicorp's ViraCast, podcasting as we know it will be changed forever."

About Digicorp

Digicorp is a digital media company that integrates online, offline and mobile distribution channels to serve the fastest growing consumers groups. Digicorp operates three divisions: (1) iCodeMedia is a software developer of patent pending applications that enable content creators to publish and deliver to existing and next generation media devices; (2) PerreoRadio.com is a leading online source for Latino music that produces exclusive live content and delivers podcasts, streaming radio and music videos; (3) Rebel Crew Films, Inc. is a leading distributor of proprietary home video products and serves the nation's largest wholesale, retail and e-commerce accounts.

Forward-Looking Statements

This press release contains certain forward-looking statements. These forward-looking statements can generally be identified as such because the context of the statement will include words such as Digicorp "expects," "should," "believes," "anticipates" or words of similar import. Stockholders, potential investors and other readers are cautioned that these forward-looking statements are predictions based only on current information and expectations that are inherently subject to risks and uncertainties that could cause future events or results to differ materially from those set forth or implied by the forward-looking statements. Certain of those risks and uncertainties are discussed in the Digicorp filings with the Securities and Exchange Commission, including Digicorp annual report on Form 10-K and quarterly reports on Form 10-Q. These forward-looking statements are only made as of the date of this press release and Digicorp does not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.