Digicorp Changes Company Name to China Youth Media and Stock Ticker Symbol to CHYU

MARINA DEL REY, Calif.--(BUSINESS WIRE)--Digicorp, Inc. (OTCBB:DGCO - News), a China focused youth marketing and media company, today completed a name change and symbol change. Effective today, October 16, 2008, the Company’s name is China Youth Media, Inc., and its stock ticker has changed from DGCO to the new ticker symbol of CHYU (OTCBB:CHYU). Shareholders are advised to take note of this change.

About China Youth Media, Inc.

China Youth Media, Inc. is a China focused youth marketing and media company whose business is to deliver advertising and content to one of the most sought after and fastest growing demographics in the world. Through its wholly owned subsidiary Youth Media (Hong Kong) Limited, China Youth Media is engaged in the business of providing advertisers and corporations with direct and centralized access to China’s massive but hard-to-reach student population.

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 China Youth Media ``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 China Youth Media filings with the Securities and Exchange Commission, including China Youth Media’s annual report on Form 10-KSB and quarterly reports on Form 10-Q. These forward-looking statements are only made as of the date of this press release and China Youth Media does not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

Contact:

Sophia Kim
China Youth Media, Inc.
(310) 728-1457
info@ChinaYouthMedia.com
www.ChinaYouthMedia.com
or
Investor Relations:
American Capital Ventures
Rich Hull, 305.918.7000
info@amcapventures.com
www.amcapventures.com

Source: China Youth Media, Inc.