Digagogo Relocates Head Office to Santa Monica -- The New Southern California Hot Spot for Internet Technology Companies
June 07 2012 - 9:30AM
Marketwired
Digagogo Ventures Corp. (PINKSHEETS: DOGO) (www.digagogo.com), a
provider of information and marketing communications technology for
local communities, announced today that it has moved its
headquarters to Santa Monica in California. Our new office location
is at the Yahoo! Center - Santa Monica, 2500 Broadway, Bldg. F
Suite F-125, Santa Monica, CA 90404.
"Relocating to southern California where there are numerous
Internet businesses makes sense for us," stated Nehru Chomatil, CEO
of Digagogo Ventures Corp. "As Digagogo grows, we will need access
to the best and brightest industry professionals and Santa Monica's
Internet technology sector is booming. Digagogo is now at a stage
where implementing the DoGoNet platform with DoGoSearch, DoGoPay
and the DoGoNet community websites -- having our head office in a
location where there is a strong Internet industry -- provides an
important business networking opportunity for us."
Dot-coms Want Santa Monica in Their Address
According to the Los Angeles Times(1) According to a recent
Los Angeles Times article, "The commercial real estate rental
market is booming in Santa Monica, where the office vacancy rate is
a fraction of the L.A. County average. Tech and entertainment firms
like the lifestyle. Compared with most of the region's white-collar
office market, the less corporate environs of Santa Monica and
Venice are looking sharp. Technology and entertainment companies
that long ago mastered the knack of making money without dressing
up are now... renting space in some of Southern California's most
desirable neighborhoods. The office vacancy rate in downtown Santa
Monica is a mere 4%, a fraction of the county average."
The article also stated that "A lot of companies are doubling or
tripling in size... Young Internet-based businesses such as
TrueCar, Riot Games and BeachMint have been expanding their
workforces and their offices. Often the founders are Web veterans
who see value in being in a coastal [technology] hot spot... The
laid-back beach scene combined with Santa Monica's sophisticated
restaurant and shopping options are a potent lure for computer
whizzes and creative types... The tech cluster is big enough now to
be self-perpetuating, industry observers said. Internet companies
and related enterprises such as entertainment and advertising firms
that work in digital media want to be near one another for business
and social reasons. Togetherness abets recruiting and
networking."
Facts About Santa Monica, California
According to Internet giant Wikipedia, Santa Monica, which is
located in the western area of Los Angeles, is home to the
headquarters of many notable businesses, including Universal Music
Group, Lions Gate Films, the RAND Corporation, Beachbody, Macerich,
COR Capital LLC, Entravision Communications, Demand Media, Anworth
Mortgage, search engine company Business.com, and Tom Hanks' The
Playtone Company. Major companies with branch offices in Santa
Monica also include Microsoft, Yahoo!, MTV and Edmunds.com. The
Design Center California for Volkswagen, the offices of Comedy
Central's show South Park and a number of game development studios,
including Activision Blizzard, SCE Studios Santa Monica and Riot
Games are all located in Santa Monica.
About Digagogo Ventures Corp. Digagogo is
a technology company based in Detroit with expertise in digital
marketing, advanced Internet and telecommunication technology, and
a strong background in the research and development of emerging
technologies. Key members of Digagogo were involved in the
development of software in areas ranging from security solutions
for The United States Department of Defense (AirForce/NASA),
Citibank Financial, ADP Payroll and Nissan Motor Corp., to high
value interactive entertainment solutions for companies such as
20th Century Fox, Electronic Arts, Nexon and other online
entertainment multi-nationals. In addition, Digagogo has a highly
skilled International team that has worked with companies like
Alliance Technology, Universal Music, and Esprit to identify market
gaps and apply emerging technologies that drive business revenue.
Digagogo has compounded all this knowledge to design DoGoNet,
DoGoSearch and DoGoPay. These products and services aid in building
strong local economies for any given region by facilitating digital
sales, distribution and advertising networks.
Forward-Looking Statements Statements in
this press release may be "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995.
Words such as "optimizing," "potential," "anticipate," "goal,"
"intend" and similar expressions, as they relate to the company or
its management, identify forward-looking statements. These
statements are based on current expectations, estimates and
projections about the company's business based, in part, on
assumptions made by management. These statements are not guarantees
of future performance and involve risks, uncertainties and
assumptions that are difficult to predict. Actual outcomes and
results may, and probably will, differ materially from what is
expressed or forecasted in such forward-looking statements due to
numerous factors, including those described above and those risks
discussed from time to time in the company's filings with the
Securities and Exchange Commission.
(1) As published online in the LA Times, October 16, 2011
http://articles.latimes.com/2011/oct/16/business/la-fi-commre-tech-20111016
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