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Securities Class Action Lawsuit Filed Against Digital Domain Media Group, Inc.; Shareholders With Large Losses Encouraged to Contact Holzer Holzer & Fistel, LLC Regarding November 19th Lead Plaintiff Deadline

ATLANTA, GA--(Marketwire - Oct 30, 2012) -  A class action lawsuit has been filed on behalf of investors who purchased common stock of Digital Domain Media Group, Inc. ("DDMGQ" or the "Company") ( OTCQB : DDMGQ ) between November 18, 2011 and September 6, 2012, or otherwise acquired DDMGQ stock pursuant or traceable to the Company's Initial Public Offering ("IPO"). The lawsuit, which was filed in the United States District Court for the Southern District of Florida, alleges that DDMGQ issued false and misleading statements during that time relating to the Company's ability to raise capital and to fund its operations. On September 11, 2012, DDMGQ filed for Chapter 11 bankruptcy and a subsequent news report claimed the Company had been experiencing difficulties making payroll since at least 2010 and that it had failed to disclose a $10 million loan secured with DDMGQ stock.

If you purchased DDMGQ common stock between November 18, 2011 and September 6, 2012, or in connection with the Company's IPO, and suffered a net loss on those purchases you have the legal right to petition the Court to be appointed a "lead plaintiff." A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. Any such request must satisfy certain criteria and be made no later than November 19, 2012. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

Investors who are interested in serving as lead plaintiff or who have questions concerning their legal rights may contact Michael I. Fistel, Jr., Esq. (mfistel@holzerlaw.com) or Marshall P. Dees, Esq. (mdees@holzerlaw.com) by email or via toll-free telephone at (888) 508-6832.

Holzer Holzer & Fistel, LLC dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Michael I. Fistel, Jr. is the attorney responsible for its content.