Stockreporter Announces Investment Opinion On DIGS, Inc.

Business Editors

NOTE TO EDITORS: The following is an investment opinion issued

by Stockreporter

LOS ANGELES--(BUSINESS WIRE)--March 9, 2000

Stockreporter begins coverage of DIGS, Inc. with a Buy recommendation

and conservative year 2001 price target of $20 per share.

DIGS, Inc. (OTC BB: DIGS) has received a Buy recommendation from Stockreporter, a leading European financial Internet publication located at www.stockreporter.de. Stockreporter specializes in the coverage of micro-cap stocks and undervalued OTC and BB companies. The successful Stockreporter team is one of the first independent analysts to begin coverage and release an investment opinion on this Internet B2B company. DIGS provides multi-media CD-ROM and Internet corporate solutions to their company clients. DIGS has developed technologically advanced products that cost effectively meet corporate communications needs, including CD-ROMs that are linked to the Web. There are multiple markets and applications for the Company's products that can be delivered by the Company at extremely attractive gross margins. Stockreporter initiated coverage with a price target of $20.00 per share for the year 2001.

"DIGS, Inc. has developed cutting-edge, interactive multi-media CD-ROM and Internet communications technologies ideally suited to meet the needs of a broad spectrum of corporate clients. We are pleased to initiate coverage with a Buy recommendation," commented Torsten Prochnow from Stockreporter. "Each of the Company's products and services has great stand alone appeal. In combination, DIGS' offerings provide significant opportunities to serve multiple markets. As the business-to-business (B2B) Internet marketplace becomes more aware of the substantial cost savings DIGS products offer, DIGS has the opportunity to dramatically expand its client base going forward. More significantly, DIGS technologies have a template quality, permitting use with all their customers. Thus, as volume grows, unit costs will fall, and the Company's already impressive profit margins will further expand.

"The management team of DIGS has effectively combined its advertising expertise with proprietary technologies to offer unique, dynamic solutions for both internal and external corporate communications needs," Mr. Prochnow continued. "The Company's products not only allow its clients the ability to leverage existing print and video materials, but also provide interactive, multi-media platforms with online update capability and the opportunity to open portals to e-commerce. Moreover, as advances in bandwidth are made, DIGS' technologies will become even more attractive. We believe the Company offers an attractive opportunity for aggressive investors interested in establishing a position in the an emerging company in the Internet B2B sector."

DIGS has recently filed for listing on the Nasdaq SmallCap Market and is also listed on the Frankfurt Stock Exchange under the symbol DGX and the German securities code 928.892.

The DIGS report issued by Stockreporter includes the following information:

COMPANY OVERVIEW

DIGS, Inc. (the "Company" or "DIGS") provides businesses with comprehensive multimedia and Internet communication solutions for companies to proactively provide information for investor relations, employees, the media, and the public at large. Using proprietary state-of-the-art technology and in-house designed attention-getting graphics, DIGS delivers interactive information to computer screens all over the world. The name "DIGS" is an acronym for Digital Information and Graphic Solutions.

By using specially designed, real-time Internet video screening applications, and Internet linked CD-ROMs, the Company cost effectively presents its client's stories. This means of information delivery is particularly important in an era when millions of investors and consumers worldwide are using their computers and the Internet as investment tools and order entry ports. Though DIGS has been actively marketing its products and services only since 1998, the Company has an impressive client list, including such industry leaders as Intimate Brands, Inc., parent of Victoria's Secret and The Limited, Del Webb Corp., Paramount Pictures, ARCO, Mikohn Gaming Corp., and The Cheesecake Factory.

DIGS PRODUCTS AND SERVICES

The Company provides its technology and communication product and service solutions through DIGS Web Video and Digital Corporate Profiles.

Digs Web Video, Inc.

Perhaps DIGS' most exciting new business is DIGS Web Video, Inc. (DWV), its subsidiary that will market a real time Internet video screening application, iVideoNow!(TM). iVideoNow!(TM) is currently in beta testing and is scheduled for full launch by the end of the first quarter 2000. Designed to provide a turnkey Internet video solution for the film, TV, music, travel, and retail industries, iVideoNow!(TM) has a multi-screening feature that allows companies to use their existing video and TV presentations to promote their image and products on the Internet. In conjunction with an improved Internet video delivery system (IVN-DS(TM)), iVideoNow!(TM) will provide on-demand screening of up to 36 different videos in an intuitive, easy-to-use interface that can be adjusted to meet each individual client's needs and/or identity. As a turnkey solution to a company's marketing and information efforts, iVideoNow!(TM) is made possible by the digitization and compression of the information from the source video. DIGS developed this technology in the Company's DCP and DXF subsidiaries. Currently, iVideoNow!(TM) supports both Microsoft 's MediaPlayer(TM) and Apple's QuickTime(TM) on the Internet Explorer(TM) and Netscape(TM) web browsers. Support for Real Networks' Real Video will be added by the beginning of the 2nd quarter 2000, making iVideoNow!(TM) functional with all major web browsers and streaming video technologies.

The iVideoNow!(TM) system is designed to automatically detect the video technology installed on a user's computer system and use that system seamlessly. This is an important feature since Windows 95 and above comes with Media player already installed and Apple computers come with QuickTime installed. The iVideoNow!(TM) system even automatically installs the latest video technology if one is not currently loaded. The iVideoNow!(TM) is displayed on the client's web site. When the user clicks on the appropriate icon, the video streams to the client's web site from iVideoNow!(TM) server directly to the current web site. The user is not aware that he has left to clients web site.

The iVN-DS(TM) is based on the Company's proprietary Internet server infrastructure, which has the ability to provide the best video quality possible at the fastest possible speeds. Presently, video presentations over the Internet are in their infancy and require high-speed Internet connections to deliver good quality. However, DIGS can provide 4-star, broadcast quality when the user has a 56K-modem level, the connection speed currently used by most households.

At the present time, DIGS' system is the only video technology on the Internet allowing the viewer to choose the download speed and quality of video. If the viewer just wants a quick look, they can choose a lower quality video with a faster download. If a high-quality version is desired, they choose a longer download time with a marked improvement in the video presentation. The videos are capable of showing on a full 320/240-pixel screen window (up to a 9 inch TV size), rather than a confined little box as with most Internet videos. As bandwidths expand, download times will decrease and picture quality will increase. DIGS is in a unique position to significantly benefit from the imminent expansion of bandwidth.

Paramount Pictures is currently DIGS testing partner for iVideoNow!(TM). Paramount is using iVideoNow!(TM) to preview six TV summer replacement shows now in production. They are also screening Paramount's movie trailers on their Website. The viewer can look at a 2.5-minute trailer to see what the TV show or movie is about. Another movie company, Prosperity Pictures has also announced that it has selected iVideoNow!(TM) to showcase its upcoming releases on the World Wide Web.

iVideoNow!(TM) is potentially a very lucrative business for DIGS. DWV will be paid a fee each and every time someone looks at a video. The Paramount and Prosperity trailers and other DIGS customer videos are located on the particular customer's Website. The customer Website has a hidden link to DIGS' server where the videos are located. The viewer never knows he has left the customer Website. Typically, DWV gets paid about 1 cent for each click on a "preview or screening" window. If the viewer chooses to watch the entire video, DWV makes 3 cents per view. In practice, most viewers are likely preview a lot before actually choosing to view an entire video. It currently costs DWV about $1,000 to put a video on their server. This per-video cost is expected to decrease as more and more videos are placed on the server. Once the video is on the server, there are no additional costs; therefore, the more videos, the higher the profit margin.

To provide an example of the potential profitability of this service, the Website for the Star Wars: The Phantom Menace prequel received 70 million hits prior to its 1999 release. At one cent per hit, that would have translated to $700,000 in revenues to the Company. Subtracting the $1,000 start up cost and the cost of server time, a gross margin of better than 50 % would be realized. The gross profit margin goes up with increased use. DIGS has the advantage of lumping all of the clients together to achieve economies of scale in using server time, while a single user rate is charged back. Thus, the more clients on DIGS' server, the cheaper the server time becomes and the greater the gross margins.

Although most movies aren't as "fascinating" as Star Wars to the computer/Internet crowd, even a moderately successful movie can generate excellent revenues with a high margin of profitability.

Most significantly, the markets for iVideoNow!(TM) are extremely widespread. As noted above, this service has obvious appeal to movie studios and TV production companies, but it also has application for companies such as Blockbuster and other video renter/retailers that may wish to provide popular new videos for preview. There are also multiple applications in the travel industry. Hotels can video preview their hotel rooms and facilities. Cruise lines can display ship amenities, entertainment and destinations. Travel agents can provide visual and audio information on resorts, golf packages, European tours, etc. Travel industry Websites are the second most popular sites on the Internet, behind "adult" sites.

Another natural extension is the retail trade. Retailers can put video fashion shows on a users' home computer. Likewise, the music industry can display music videos to help drive record sales. There are undoubtedly many other companies that have products and/or services where videos can be designed to tease the public interest. Further, while viewing these video presentations the user is on the Internet, so a quick click opens a company's e-commerce site where a hotel room or cruise is booked, a video or music CD ordered, a piece of apparel purchased or another product or service transaction completed.

Yet another application for iVideoNow!(TM) has emerged as a result of recent discussions with a company that wants to put employee-training videos on their Intranet. One of the key reasons they want to use this approach instead of using a VCR is that currently an employee has to look at the entire videotape to see what they need to learn, while only certain sections may be germane to them. With iVideoNow!(TM), the employee can skip to the exact chapter or chapters of the company's presentation to find and review only the pertinent information they require.

DIGS also provides video digitization, compression and server storage. The Company will also lease the iVideoNow!(TM) player as a package with the IVN-DS or offer it as a stand-alone product to be used on a client's own server.

The Company plans to offer two upgrades to the system in 2000. First an e-commerce function will be added by Summer 2000, and by year-end, the player video library function will be expanded from the present 36 to 200.

Digital Corporate Profiles, Inc.

The Digital Corporate Profiles' (DCP) primary product is Investor Relations CD-ROMs ("IRCD"). Each IRCD program tells a corporate story by integrating the traditional printed annual report information with the latest CD-ROM and Internet interactive video, audio, and animation technologies. Complete financial information, including financial statements, schedules and notes, together with yearly comparison graphs of revenues, sales, profits, earnings per share, etc., are all set forth in a colorful and creative manner. Each presentation includes audio that not only contains music and sound effects, but includes conversations with company executives, such as its President, Chief Financial Officer or Chief Scientist. These video clips are used to explain the company's business, financial success and/or new products and inventions. This approach makes the corporate profile come alive, and, instead of reading a dry annual report, shareholders and other interested parties view an interesting, colorful and entertaining CD that brings them up to date on the company's progress.

To create its products, the Company accumulates a collection of client's videos, pictures, copy, financial information or other data, and, using the Company's proprietary application software, produces a Master CD-ROM of the client's story. In the case of the IRCD products, the basic package includes filming three corporate executive interviews, a 10-page corporate profile section, a financial bottom line section featuring charts and graphs that illustrate the financial aspects of the company, products and services sections, a research library, and an Internet uplink function that takes the viewer to a specific Internet website for up-to-the-minute information. This Internet uplink function prevents the CD-ROM from becoming out-dated. Once the "master" CD-ROM is produced, the Company contracts with outside replication houses and printers to produce the final product for distribution to shareholders, the Wall Street community or other interested parties.

In addition to providing corporate information in a highly attractive, entertaining and interactive form, the IRCD packages offer substantial savings to companies over traditional written annual reports and investor relations materials, in both production and mailing costs. While traditional annual reports are still required by law, condensed IRCD versions can be inserted into the jacket, thereby slashing the cost of printing and expensive postage. Moreover, since the IRCD is user-friendly and Internet-linked, unlike traditional paper reports that require new paper, packaging and postage for every update, once a shareholder has received an IRCD, additional CD's are not required. Any new information or updated statistics are provided through a simple Internet uplink, further reducing costs of printing, handling and mailing.

Employing the Company's approach to disseminating corporate information provides a substantial economic incentive for its client companies. Large companies often spend anywhere from $6 to $12 each to print their annual reports and investor relations information packages, and incur postage costs of upwards of $3 per shareholder. Currently, the IRCD approach reduces the report cost to approximately $4 each, and postage costs plunge to an average of 55 cents each. Moreover, with volume orders and economies of scale, the Company believes it may be possible to bring unit report prices into the $1 to $2 range by 2001-2002. Current IRCD clients include Intimate Brands Inc., parent to Victoria's Secret and The Limited, The Cheesecake Factory, Del Webb Corp, and Mikohn Corp., a manufacturer and developer of systems and games for the gaming industry.

Another DCP product is the Environmental Health and Safety CD-ROM (EHSCD), developed by the Company for large corporate clients. The EHSCD utilizes text, graphics, video and audio in a dynamic manner to describe and explain a company's environmental, health and safety and natural resource preservation efforts to their employees, investors, environmental groups, media, the public and governmental agencies. The Company has produced an EHSCD for Atlantic Richfield Corporation ("ARCO") who is using it primarily to provide information to its employees in the environmental, health and safety subject matters. Additionally, in May 1999, DIGS launched its new Website, www.eshreports.com. This Website helps Internet users search by company, or industry, for environmental health and safety reports available in print, online and in interactive CD-ROM formats from hundreds of leading international corporations.

Using a format similar to its IRCD and EHSCD products, the Company has also developed an Employee Orientation CD-ROM (EOCD) for internal use by corporations. This product serves as an orientation and recruiting piece and is designed to familiarize new employees with their company by providing a comprehensive look at the company's people, products, services and policies. The first two customers utilizing the Company's EOCD product are The Limited and Intimate Brands, Inc.

DIGS also offers an Annual Report CD-ROM/Internet package (ARCD), an alternative to the traditional printed Annual Report to such companies as Wade Cook Financial. Additionally, DIGS offers financial website design, custom CD-ROM programming and website maintenance to its corporate clients.

DXF Design, Inc.

The award-winning DXF Design, Inc. subsidiary provides a complete range of Internet, CD-ROM, and print design support to iVideoNow(TM) and DCP. DXF also offers its services in advertising, annual reports, corporate identity graphics, entertainment, and marketing design to the entertainment industry, including Paramount Studios, Universal Studios, USA Studios and Disney.

Though DFX Design acts as a support partner, it is currently profitable in its own right and is expanding its outside design services.

MARKETING AND CUSTOMERS

DIGS operates in the business-to-business (B2B) marketplace, and focuses its sales efforts to large companies that are seeking a unique, efficient and inexpensive means of disseminating corporate business and financial information. The Company markets its products and services through personal contacts with existing and potential customers and investment relations firms via a specially trained in-house sales force. In addition to soliciting business from existing and prospective customers, each sales person also acts as the account service representative, ensuring that the Company's production staff promptly responds to customer instructions and meets customer needs.

DIGS is not dependent on long-term clientele; though it has the opportunity to provide multiple products and services to each client it serves and actively solicits such business. The growth and expansion of the Company's business will be built on its constant recruitment of new accounts. While annual revenues may appear to be generated from a particular group of clients (i.e. financial, safety, employment orientation, etc.), the actual mix of customers is expected change and grow substantially on a yearly basis. DIGS marketing strategy is to constantly add to its long-term customer base from a variety of industries.

COMPETITION

At the present time video on the Internet is in its infancy, and competitive offerings are limited to single unit players. The iVideoNow(TM) system is the only turnkey solution offering a "library" of up to 36 videos, and granting the end user control of what they want to see and its quality. The Company's state-of-the-art technology puts it in a position to establish itself strongly in this emerging market, and even a small market share could be worth hundreds of millions of dollars in the next few years.

Currently, there is limited direct competition in the production of CD-ROM's for the investment and corporate communications community. Although competitors can enter the field of CD-ROM production at any time, DIGS believes its early entrance into this business, together with its proprietary instant-start software technology, will allow it to continue to be a dominant provider of this business service.

The Company faces substantial competition in the area of financial website design and maintenance. However, few, if any competitors combine the corporate customer's Website with a physical CD-ROM in the hands of its audience, nor do they provide for continuous outgoing updates.

Key products of the Company compete with the print media, and competition in the financial and corporate printing industry is intense and well established, as most corporations currently use printed matter as the means to communicate with their investors and market makers. DIGS believes that the significant cost advantages and more interesting, entertaining content as compared to printed materials gives DIGS' products a substantial competitive advantage to be successful in this marketplace.

The market the Company operates in is also characterized by rapidly changing technologies, frequent new product and service introductions, and evolving industry standards. Its future success will depend, in large part, on the Company's ability to adapt to rapidly changing technologies by continually improving the performance features and the reliability of its services. The Company is well aware of this and has an active commitment to research and development. DIGS will benefit greatly for the expansion of bandwidth that is currently developing.

EMERGING FROM DEVELOPMENT STAGE

.... BUILDING INVESTOR INTEREST

DIGS believes it is now in a position to aggressive market its products and services to a wider expansion of industries. The Company has also made a number of recent moves to increase its visibility with investors both in the United States and Europe. In November 1999, the Company had its shares listed on the Frankfurt Stock Exchange in Germany. This action was taken to expand DIGS already strong shareholder base in Germany, and it also ties in the Company's plans to expand operations in the European marketplace. The Company's trading symbol on the Frankfurt Exchange is "DGX" and the German securities code is 928 892. Quotes can be obtained by using the following link - http://finanzen.de.yahoo.com. The Company has met the requirements and in December 1999, filed an application for Nasdaq SmallCap Market.

In January 2000, DIGS raised $2.5 million in additional capital through a private placement of a convertible preferred stock handled by May Davis Group Inc. Since the Company has already expended the necessary funds needed for the development for iVideoNow(TM), this new funding will be used for working capital, marketing purposes and, principally, the addition of new sales and technical support personnel. It is anticipated that this interim financing will provide all the capital needed to proceed with the Company's plans for the foreseeable future.

MANAGEMENT AND DIRECTORS

Peter B. Dunn - President, Chief Financial Officer and Director. Mr. Dunn founded Digital Corporate Profiles, Inc. ("DCP"), a wholly-owned subsidiary of the Company, in July 1996 and has served as Chairman of the Board, President, Chief Executive Officer, Chief Financial Officer and Treasurer of DCP since that time, and as President and Chief Financial Officer for the Company since November 1998. From 1987 to 1996, Mr. Dunn was President of Lucky Dog Productions where he produced, directed and/or wrote 12 Golf TV shows/videos, one commercial, two cable TV pilots and a made-for-video movie. His clients at Lucky Dog Productions included Paramount Home Video, Classic Golf International, British Broadcasting Corp., Lifetime Vision, Ltd, and Best of British Film and TV, Ltd. From 1980 to 1987, he was President of International Special Promotions (ISP), a special events marketing company-serving companies such as Coca-Cola, R.J. Reynolds, and Proctor and Gamble. From 1972 to 1980, Mr. Dunn was Chief Executive Officer of Western Corporate Services, Inc., which he founded in 1972. Western Corporate Services is the owner of U.S. Stock Transfer Corporation, the third largest independent stock transfer agency in the United States. Mr. Dunn remains a major shareholder and member of the Board of Directors of Western Corporate Services. Mr. Dunn received his Bachelor of Arts in Industrial Management from Clarkson University, and attended graduate school at the University of California, Los Angeles, where he studied math and business.

Allen Dunn - Chief Operating Officer and Director. Allen Dunn is the son of Peter B. Dunn, and he joined Digital Corporate Profiles, Inc. ("DCP"), a wholly owned subsidiary of the Company at its inception, in July 1996, in its computer department. Since November 1998, he has served as Chief Operating Officer and director of both the Company and DCP. Mr. Dunn has been responsible for the Company's web page design and Html coding, as well as website maintenance of the Company's UNIX operating system. From August 1997 to March 1998, Mr. Dunn was director of sales and marketing. From June 1994 to January 1996, Mr. Dunn freelanced as a computer programmer and a children's self-defense instructor. Mr. Dunn received his Bachelor of Arts in Economics from California State University at Northridge in 1993, and is an alumnus of the University of Colorado School of Astrophysics and Atmospherics. He is currently pursuing an advanced degree in Computer Science at California State University at Northridge, as well as completing a Microsoft certified program at New Horizons Computer School in Los Angeles, California.

David L. Fleming - Secretary and Director. Mr. Fleming joined the Board of Directors of Digital Corporate Profiles, Inc., a wholly owned subsidiary of the Company, in July 1996 and has been a director and Secretary of the Company since November 1998. An award winning designer, since 1991, he has been a managing partner in DG&F Design, a privately owned graphic arts company. Mr. Fleming also serves as President and Chief Designer of the Company's DXF Design, Inc. subsidiary. He has been a pioneer in the home video packaging business since the early 1980's. His credits include designing logos, annual reports, presentation kits, trade and consumer print advertising, product packaging, and brochures for clients ranging from Disney, Universal, MGM, Academy Awards and Ticketmaster on the entertainment side, to The CheeseCake Factory, The Limited, and Victoria's Secret on the corporate side.

Brian Austin - Director of Research & Development. Brian Austin joined Digital Corporate Profiles in January 1999 as the Company's Chief Programmer. Since that time, Mr. Austin has become Director of Research & Development. Mr. Austin is managing a team of programmers and designers in the development of the Company's Internet video products. From 1997 to 1999 Mr. Austin was owner of FX Shop, a multimedia Internet consulting company. During this time Mr. Austin worked with DCP as an independent consultant assisting in the CD-ROM programming services provided to such DCP clients as ARCO (Atlantic Richfield), Intimate Brands (Victoria's Secret) and The Limited. From 1990 to 1997, Mr. Austin was Chief Programmer with BAP Interactive, a multimedia production company with a client base that included Pepsi Company, Disney, Newline Cinema, Showtime, HBO and SEGA.

Karl Ehlert - Controller & VP, Administration. Mr. Ehlert joined DIGS, Inc. as Controller in February 2000. From March 1999 through January 2000, Mr. Ehlert was a senior accountant at the public accounting firm of Cohen, Miskei and Mowrey located in Encino, California. During the period January 1994 through February 1999, Mr. Ehlert was a senior accountant at the Los Angeles office of Matson, Driscoll and Damico, CPA's. Mr. Ehlert's experience includes performing financial audits with the former big six firm of Coopers and Lybrand's Los Angeles office during the 1997 and 1998 audit seasons. He graduated from California State University at Northridge in 1993 with a Bachelor of Science Degree in Business Administration/Accounting and became a licensed CPA in California in 1997. Mr. Ehlert is a member of the AICPA and the California Society of CPA's.

The Company is currently conducting an executive search for a Director of Marketing.

EARNINGS PROJECTIONS

Stockreporter believes the following projections to be reasonable and achievable considering the technological strength of DIGS products and their application to broad markets. The Company's gross margins are excellent and will benefit further from the introduction of iVideoNow!(TM). We expect that as its business matures and market penetration increases, DIGS operating expenses, particularly S,G&A, will fall in line. The Company projects a more than five fold increase in revenues this year to $4.15 million up from about $734,600 in 1999. We expect 2001 will be DIGS' breakout year as revenues are expected to jump to more than $18 million with net income coming in at $6.7 million or $0.65 per share, for a net margin of 26.4%

         Revenues:

                  1999(e)           $    734,600
                  2000(e)           $  4,150,000
                  2001(e)           $ 18,450,000

         Net Income:

                  1999(e)           $  (352,600)
                  2000(e)           $  (672,200)
                  2001(e)           $ 6,714,300

     Management reports 6,648,600 fully diluted shares outstanding in
1999, and projects 7,055,000 and 7,500,000 fully diluted shares
outstanding in 2000 and 2001 respectively. Based on these forecasts,
we project the following earnings per share.

         Earnings per Share:

                  1999(e)           $  (0.05)
                  2000(e)           $  (0.09)
                  2001(e)           $   0.65


EVALUATION AND OUTLOOK


    DIGS is expected to become profitable in the second half of the
current year, and in 2001 each successive quarter should show
impressive growth. Based on the strength of the Company's products,
the obvious cost savings possible for its customers, and the very
attractive margin structure of its business, Stockreporter believes a
P/E ratio of 30x earnings is reasonable and very conservative for B2B
Internet-related DIGS, Inc. We are projecting a target share price of
$20.00 for 2001.

         Share Price Targets:

                  2000:  $12.50
                  2001:  $20.00

     This provides an aggressive investor significant up-side
potential from the current price level of $8 per share.

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