By M2

Last Update: 3/9/2006 3:02:12 AM Data provided by

Mar 09, 2006 (M2 PRESSWIRE via COMTEX) -- Streetinvesting.com has commenced phase one research on e.Digital Corporation (0TCBB:EDIG), after the Company`s shareholders experienced immense gains of over 34% this past Tuesday. Streetinvesting.com strives to bring true growth opportunities directly to its valued subscribers. Our strength lies in finding these undervalued and under-marketed companies and delivering our research in a timely manner. Streetinvesting.com will be tracking this company attentively for the subsequent weeks and keep interested investors and shareholders posted on any new findings and behind-the-scenes update. For a complimentary and comprehensive report on our current analysis and opinions, please visit www.streetinvesting.com for a free membership subscription.

This fantastic increase in shareholder value occurred parallel to an equally exciting trading volume of 8,744,441, over 500% above the Company`s average trade volume. As if this weren`t encouraging enough, investor sentiment was further increased as investors experienced share prices hit a day high of $0.22 and close at, $0.195, creeping ever nearer to the previously achieved 52 week high of $0.245.

Throughout the past fifty-two weeks, this stock appeared to be stuck in a downward spiral. However, since December, and particularly in the past two months, investor sentiment and the share price have made a magnificent comeback. In fact, since late December, investors have already experienced gains in excess of 125%. After taking note of this astounding activity, our research panel has decided to look deeper into the operations and proceedings surrounding e.Digital Corporation, as well as what it might be able provide for future investors.

As of yet, our researchers have been unable to link a direct cause of Tuesday`s dramatic increase in investor sentiment and shareholder value. However, prior to the stocks initial explosion on December 22, 2005, the Company made a major announcement, unveiling its proprietary, ``eVU,`` mobile entertainment device. The eVU, which was formerly known as MedeViewer, is newly designed first generation product and based on e.Digital`s proprietary digital video technology. The device features razor-sharp images on its 7`` high resolution LCD screen, superb audio fidelity, dual stereo headphone jacks, embedded credit card reader/processor, touch screen capabilities, bright full featured graphical user interface, e.Digital`s patent-pending hardware security technology,and all with 10+ hours of high resolution video playback on a single battery charge.

In regards to the Company`s latest product, Will Blakeley, e.Digital`s president and chief technical officer, stated, ``Using our new hardware and software design, eVU builds upon the success of the in-flight entertainment (IFE) product we designed using our patented technology, and continue to sell We are leveraging this success by offering a new enhanced product to companies who share our vision of capitalizing on significant business opportunities for secure hard drive-based closed system video products loaded with desirable movie, television, music, informational, and educational content that are rented or provided to customers.``

Mr. Blakeley then continued on...