Digicorp Partners with R.O.I. Media Solutions to Launch Patent Pending Podcast Software in the Radio Industry; Proprietary Technology Repurposes Radio Content as Interactive Video Podcasts Designed to Generate New Revenue Streams for Broadcasters

Business Wire, Sept 21, 2006

MARINA DEL REY, Calif. -- Digicorp (OTCBB:DGCO) announced today that it has partnered with the radio veterans at R.O.I. Media Solutions, LLC to distribute its patent pending Podcast production and publishing software to radio stations and content providers.

Digicorp's suite of Podcasting utilities and services will allow radio broadcasters to repurpose existing content as interactive, visually compelling Podcasts, creating multiple revenue opportunities for the stations and content producers. The Digicorp and R.O.I. alliance aims to revitalize the radio industry at a time of nominal or even stagnant revenue growth, by introducing a new business model that brings Internet revenue to radio programming while also enhancing the Podcast experience for the end user.

"Digicorp has created a groundbreaking process that unleashes the earning potential of untapped content," commented Digicorp's CEO, Jay Rifkin. "R.O.I. Media Solutions is the ideal organization to take this concept to the radio industry. Partners Doyle Rose and Mark Shannon O'Neill are knowledgeable and experienced industry veterans who understand from the broadcasters' point of view the demands of producing consistent quality programming and the realities of trying to monetize it."

"The radio industry is facing tougher revenue challenges every day," said R.O.I. Media Solutions' CEO, Doyle Rose. "Broadcasters must find new ways of creating profitable inventory and new revenue streams while continuing to meet and exceed higher listener expectations. As soon as we saw a demonstration of Digicorp's proprietary technology, we knew that it was something our clients would find unique and exciting. We expect that Digicorp's products and services will be invaluable tools to help broadcasters move profitably into the new digital media landscape."

R.O.I.'s Mark O'Neill added, "With Jay Rifkin's extensive experience and expertise across the music and media industries, he and his team have designed a program that is a 'win' for everyone: broadcasters, advertisers and especially the audience."

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.

About R.O.I. Media Solutions

R.O.I. Media Solutions is a full service consulting firm whose mission is to assist media outlets to maximize their return on investment in their product, sales and promotions. The focus of R.O.I.'s three partners is bringing creative new revenue opportunities to their clients. Doyle Rose is a 30-year veteran of the broadcast industry and was president of Emmis Radio for 18 years. Mark Shannon O'Neill is a 25-year industry veteran who specializes in broadcast marketing, geo-demographic research and advertising sales. Mark's background includes Westinghouse Broadcasting, The NBC Radio Networks, MetroMedia, Arbitron, Radio Today Entertainment and Emmis Communications. Josh Rose was formerly the Western Regional Director of Marketing for Viacom Outdoor and specializes in combining research with multimedia to create powerful sales presentations. R.O.I.'s clients include Emmis Communications, Lincoln Financial Media (Jefferson Pilot), Spanish Broadcasting Systems, CBS Outdoor, The Los Angeles Angels of Anaheim, Dees Entertainment and a number of the CBS Radio stations among others. R.O.I. Media Solutions is located in Los Angeles.

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.