Digital Domain Media Group, Inc. ("DDMG") (OTCQB: DDMGQ) filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware on September 11, 2012 and ancillary relief in Canada, pursuant to the Companies' Creditors Arrangement Act (CCAA) in the Supreme Court of British Columbia, Vancouver Registry on September 18, 2012.

On September 23, 2012, DDMG announced that a joint venture led by Galloping Horse America, LLC, in partnership with Reliance MediaWorks (USA), Inc., submitted the winning bid to acquire the assets of Digital Domain and subsidiaries, including Mothership Media for $30.2 million at a September 21, 2012 auction. The sale was approved by the Bankruptcy Court on Monday, September 24, 2012 and closed on Thursday, September 27, 2012.

For additional information regarding DDMG's Chapter 11 please visit, www.kccllc.net/DDMG or call 866-927-7084.