<SEC-DOCUMENT>0001144204-15-017383.txt : 20150320
<SEC-HEADER>0001144204-15-017383.hdr.sgml : 20150320
<ACCEPTANCE-DATETIME>20150320090022
ACCESSION NUMBER:		0001144204-15-017383
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20150317
ITEM INFORMATION:		Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20150320
DATE AS OF CHANGE:		20150320

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Digital Turbine, Inc.
		CENTRAL INDEX KEY:			0000317788
		STANDARD INDUSTRIAL CLASSIFICATION:	PATENT OWNERS & LESSORS [6794]
		IRS NUMBER:				222267658
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35958
		FILM NUMBER:		15714631

	BUSINESS ADDRESS:	
		STREET 1:		2811 CAHUENGA BOULEVARD WEST
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90068
		BUSINESS PHONE:		(323) 472-5461

	MAIL ADDRESS:	
		STREET 1:		2811 CAHUENGA BOULEVARD WEST
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90068

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Mandalay Digital Group, Inc.
		DATE OF NAME CHANGE:	20120207

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NeuMedia, Inc.
		DATE OF NAME CHANGE:	20100514

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Mandalay Media, Inc.
		DATE OF NAME CHANGE:	20071109
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>v405008_8k.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>WASHINGTON, DC 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>FORM&nbsp;8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>CURRENT REPORT PURSUANT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>TO SECTION&nbsp;13 OR 15(d)&nbsp;OF THE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Date of report (Date of earliest event reported)&nbsp;<B>March
17, 2015</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Digital Turbine, Inc. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(Exact Name of Registrant as Specified in
Its Charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; width: 32%; text-align: center"><FONT STYLE="font-size: 10pt"><B>Delaware</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 2%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 32%; text-align: center"><FONT STYLE="font-size: 10pt"><B>000-10039</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 32%; text-align: center"><FONT STYLE="font-size: 10pt"><B>22-2267658</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-size: 10pt">(State or Other Jurisdiction<BR>
of Incorporation)</FONT></TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-size: 10pt">(Commission File Number)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-size: 10pt">(IRS Employer<BR>
Identification No.)</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; width: 66%; text-align: center"><FONT STYLE="font-size: 10pt"><B>1300 Guadalupe Street, Suite 302, Austin, Texas</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 32%; text-align: center"><FONT STYLE="font-size: 10pt"><B>78701</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-size: 10pt">(Address of Principal Executive Offices)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-size: 10pt">(Zip Code)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;(512) 387-7717
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(Registrant&rsquo;s Telephone Number,&nbsp;Including
Area Code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(Former Name or Former Address, if Changed
Since Last Report)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Check the appropriate box below if the
Form&nbsp;8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions
(<I>see </I>General Instruction A.2. below):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;&nbsp;&nbsp;Written communications pursuant
to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;&nbsp;&nbsp;Soliciting material pursuant to
Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;&nbsp;&nbsp;Pre-commencement communications
pursuant to Rule&nbsp;14d-2(b)&nbsp;under the Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;&nbsp;&nbsp;Pre-commencement communications
pursuant to Rule&nbsp;13e-4(c)&nbsp;under the Exchange Act (17 CFR 240.13e-4(c))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 1in; text-align: left"><B>Item 5.03</B></TD><TD><B>Amendment to Articles of Incorporation or Bylaws; Change
in Fiscal Year.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On March 17, 2015, the board of directors of Digital Turbine,
Inc. (the &ldquo;Company&rdquo;) approved an amendment to the Company&rsquo;s bylaws to provide that certain specifically-enumerated stockholder
actions related to the internal affairs of the Company should be brought exclusively in the Delaware Court of Chancery.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The full text of the amendment is attached to this Current Report
on Form 8-K as Exhibit 3(ii).1 and incorporated herein by reference.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 1in; text-align: left"><B>Item 7.01</B></TD><TD><B>Regulation FD Disclosure.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On March 19, 2015, the Company issued a press release providing
its fiscal 2016 business outlook. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and
is incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The information reported in Item 7.01 shall not be deemed &ldquo;filed&rdquo;
for any purpose, including for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the &ldquo;Exchange
Act&rdquo;), or otherwise subject to the liabilities of that Section. The information in Item 7.01, including Exhibit 99.1 attached
hereto, shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange
Act regardless of any general incorporation language in such filing.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Forward-Looking Statements </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This communication includes &ldquo;forward-looking statements&rdquo;
within the meaning of the U.S. federal securities laws. Statements in this news release that are not statements of historical fact
and that concern future results from operations, financial position, economic conditions, product releases and any other statement
that may be construed as a prediction of future performance or events. These forward-looking statements speak only as of the date
made and involve known and unknown risks, uncertainties and other factors which may, should one or more of these risks uncertainties
or other factors materialize, cause actual results to differ materially from those expressed or implied by such statements. These
factors include risks related to disruption of management&rsquo;s attention from the ongoing business operations due to integration of
Appia&rsquo;s business operations; the effect of the merger on Digital Turbine&rsquo;s or Appia&rsquo;s relationships with their respective customers,
lenders, operating results and businesses generally; the ability to expand the combined company&rsquo;s global reach, accelerate growth
and create a scalable, low-capex business model that drives EBITDA; failure to realize anticipated operational efficiencies, revenue
(including projected revenue) and cost synergies and resulting revenue growth, EBITDA and free cash flow conversion; inability
to refinance the assumed Appia debt subsequent to the closing or to refinance the debt on favorable terms; unforeseen difficulties
preventing rapid integration of Appia&rsquo;s app-install infrastructure into Digital Turbine&rsquo;s existing platform; the potential for
unforeseen or underestimated cash requirements necessary to enable transaction synergies to be realized; the inherent and deal
specific challenges in converting discussions with carriers into actual contractual relationships; product acceptance of a new
product such as DT Ignite or DT IQ in a competitive marketplace; device sell through for any specific device or series of devices;
the potential for unforeseen or underestimated cash requirements or liabilities; the impact of currency exchange rate fluctuations
on our reported GAAP financial statements; the company&rsquo;s ability as a smaller company to manage international operations; its ability
given the company&rsquo;s limited resources to identify and consummate acquisitions; varying and often unpredictable levels of orders;
the challenges inherent in technology development necessary to maintain the company&rsquo;s competitive advantage such as adherence to
release schedules and the costs and time required for finalization and gaining market acceptance of new products; changes in economic
conditions and market demand; rapid and complex changes occurring in the mobile marketplace; pricing and other activities by competitors;
and other risks including those described from time to time in Digital Turbine&rsquo;s filings on Forms 10-K and 10-Q with the Securities
and Exchange Commission (SEC), press releases and other communications. You should not place undue reliance on these forward-looking
statements. The company does not undertake to update forward-looking statements, whether as a result of new information, future
events or otherwise, except as required by law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 1in; text-align: left"><B>Item 9.01</B></TD><TD><B>Financial Statements and Exhibits</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 15%; border-bottom: Black 1pt solid; text-align: center"><B>Exhibit No.</B></TD>
    <TD STYLE="width: 5%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD>
    <TD STYLE="width: 80%; border-bottom: Black 1pt solid; text-align: center"><B>Description</B></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center">3(ii).1</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD>Amendment to Bylaws, as amended, of Digital Turbine, Inc., dated March 17, 2015.</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: center">99.1</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD>Press Release issued on March 19, 2015.</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2"><B>Digital Turbine, Inc.</B></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 50%">Dated: March 20, 2015</TD>
    <TD STYLE="width: 4%">By:&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 46%">/s/ Andrew Schleimer</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: #000000 1px solid">Andrew Schleimer<BR>Executive Vice President and Chief Financial Officer</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 4; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-3.(II)1
<SEQUENCE>2
<FILENAME>v405008_3ii-1.htm
<DESCRIPTION>AMENDMENT TO BYLAWS
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Exhibit 3(ii).1</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Amendment of Bylaws of Digital Turbine, Inc. adopted March 17,
2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">ARTICLE IX</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Section 9.1 Forum.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Unless the Corporation consents in writing to the selection
of an alternative forum, the Court of Chancery of the State of Delaware shall, to the fullest extent permitted by law, be the sole
and exclusive forum for (1) any derivative action or proceeding brought on behalf of the Corporation, (2) any action asserting
a claim of breach of a fiduciary duty owed by any director, officer or other employee of the Corporation to the Corporation or
the Corporation's stockholders, (3) any action asserting a claim arising pursuant to any provision of the Delaware General Corporation
Law, or (4) any action asserting a claim governed by the internal affairs doctrine. Any person or entity purchasing or otherwise
acquiring or holding any interest in shares of capital stock of the Corporation shall be deemed to have notice of and consented
to the provisions of this Section 9.1.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>v405008_99-1.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Exhibit 99.1</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: red"><B><IMG SRC="image_001.jpg" ALT="" STYLE="height: 95px; width: 237px">&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Digital Turbine Provides Fiscal 2016
Business Outlook</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">- <I>Combined Revenue</I> <I>Outlook Reflects</I>
over <I>100% Year-over-Year Growth<B><SUP>1</SUP></B></I> <I> <B>&ndash;</B></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>- Conference Call Today at 9:00 a.m.
ET-</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Austin, TX &ndash; March 19, 2015 &ndash; Digital Turbine,
Inc.</B> (Nasdaq: APPS), the company empowering operators and Original Equipment Manufacturers (OEMs) around the globe with end-to-end
mobile solutions, announced it expects its fiscal 2016 revenue, on a combined basis with newly-acquired Appia, to be in the range
of $110 million to $130 million.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;Our fiscal 2016 outlook envisions a doubling in revenue
over fiscal 2015, demonstrating the emerging power of our advertising business model including Appia,&rdquo; stated Bill Stone,
Digital Turbine&rsquo;s CEO. &ldquo;We are seeing the beginnings of a material ramp in our advertising business, now being vertically
integrated with Appia&rsquo;s personnel and technology, with a spate of multiple device launches across multiple carriers planned
throughout fiscal 2016 and in particular over the next several months. We expect this ramp to demonstrate the scale of our app
distribution model across carrier partners and, combined with continued growth in core Appia app install business and more modest
growth of our Content business, accelerate our revenue generation.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mr. Stone concluded, &ldquo;As we have discussed previously,
until we are established across a broader base of carriers and devices, our results will be highly sensitive to changes in the
timing and performance of device launches and user reception. Therefore, taking into account real-world experience gained over
the past several months with respect to the implementation, timing and sell-through of devices, we have revised and risk-adjusted
our fiscal 2016 business outlook from our prior 2016 outlook to be in step with our recently updated fiscal 2015 expectations.
Our integration of Appia to date has proceeded smoothly. We remain keenly focused on seamless execution of our integration and
growth strategy to scale our Advertising business, grow our Content business, and fully integrate the power of Appia&rsquo;s technology
and expertise to realize anticipated synergies. Having now created the preeminent ecosystem for app distribution, Digital Turbine
is superbly positioned to capture the exploding demand for app-driven advertising and publishing.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The outlook for fiscal 2016 full year ending March 31, 2016
is as follows:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Total full year revenue for combined company in the range of $110-130
million, assuming: </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">o</TD><TD>Continued momentum in the Advertising business, driven by the ramp in DT Ignite and DT IQ supported by expert resources acquired
with Appia, as well as revenue synergies from the deal</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-bottom: 5pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>1</SUP>&nbsp;&nbsp;Assumes mid-point of fiscal 2016 revenue guidance range compared to pro forma combined company, including Appia, for the full 2015
fiscal year ending March 31, 2015.</P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">o</TD><TD>Continued growth in core Appia revenue</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">o</TD><TD>Modest growth in the Content business</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Full year Non-GAAP<SUP>[2]</SUP> adjusted gross margin in mid-30%
range </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Positive full year Non-GAAP<SUP>2</SUP> Adjusted EBITDA </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Fiscal 2016 first quarter revenue to be the in range of $17-19 million</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Conference Call</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Management will host a conference call on March 19, 2015 at
9:00 a.m. ET to discuss the combined company&rsquo;s fiscal 2016 business outlook. To participate, interested parties should dial
866-652-5200 in the United States or 412-317-6060 from international locations, conference ID 10062054. A webcast of the conference
call will be available at ir.digitalturbine.com.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">A playback of the call will be available until March 25, 2015
by dialing 877-344-7529 within the United States or 412-317-0088 from international locations, passcode 10062054.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>About Digital Turbine, Inc. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Digital Turbine works at the convergence of media and mobile
communications, delivering end-to-end products and solutions for mobile operators, app advertisers, device OEMs and other third
parties to enable them to effectively monetize mobile content and acquire higher value user acquisition. The company&rsquo;s products
include DT Ignite&trade;, a mobile device management solution with targeted app distribution capabilities, DT IQ&trade;, a customized
user experience and app discovery tool, DT Marketplace&trade;, an application and content store, and DT Pay&trade;, a content management
and mobile payment solution, DT Media, an advertiser solution for unique and exclusive carrier inventory, and Appia, a leading
worldwide mobile user acquisition network. Digital Turbine has delivered more than 100 million app installs for hundreds of advertisers.
In addition, more than 31 million customers use Digital Turbine&rsquo;s solutions each month across more than 20 global operators.
Headquartered in Austin, Texas with global offices in Durham, Berlin, Singapore, Sydney and Tel Aviv. For additional information
visit www.digitalturbine.com or connect with Digital Turbine on Twitter at @DigitalTurbine.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Use of Non-GAAP Financial Measures</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">To supplement the company&rsquo;s condensed financial statements presented
in accordance with U.S. Generally Accepted Accounting Principles (&ldquo;GAAP&rdquo;), Digital Turbine uses non-GAAP measures of
certain components of financial performance, the exact amount of which are not currently determinable. These non-GAAP measures
include non-GAAP adjusted gross profit and gross margin and non-GAAP adjusted EBITDA. Furthermore, the expected non-GAAP results
are subject to completion of the Company&rsquo;s year-end accounting processes, which include the finalization of several items that
could affect these results. These items include, among others, estimation of certain contingent liabilities and the finalization
of the Company&rsquo;s provision for income taxes. Final results could also be affected by certain subsequent events in accordance with
GAAP.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-bottom: 5pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>2</SUP>&nbsp;&nbsp;See definitions in section entitled &ldquo;Use of Non-GAAP Financial Measures&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Non-GAAP measures are provided to enhance investors&rsquo; overall
understanding of the company&rsquo;s current financial performance, prospects for the future and as a means to evaluate period-to-period
comparisons. The company believes that these non-GAAP measures provide meaningful supplemental information regarding financial
performance by excluding certain expenses and benefits that may not be indicative of recurring core business operating results.
The company believes the non-GAAP measures that exclude such items when viewed in conjunction with GAAP results and the accompanying
reconciliations enhance the comparability of results against prior periods and allow for greater transparency of financial results.
The company believes non-GAAP measures facilitate management&rsquo;s internal comparison of its financial performance to that of prior
periods as well as trend analysis for budgeting and planning purposes. The presentation of non-GAAP measures is not intended to
be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance
with GAAP.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Non-GAAP Adjusted gross margin is defined as GAAP gross margin
adjusted to exclude the effect of intangible amortization expense. Readers are cautioned that non-GAAP Adjusted gross margin should
not be construed as an alternative to gross margin determined in accordance with U.S. GAAP as an indicator of profitability or
performance, which is the most comparable measure under GAAP.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Non-GAAP Adjusted EBITDA is calculated as GAAP net loss excluding
the following cash and non-cash expenses: interest expense, foreign transaction gains (losses), debt financing and non-cash related
expenses, debt discount and non-cash debt settlement expense, gain or loss on extinguishment of debt, income taxes, asset impairment
charges, depreciation and amortization, stock-based compensation expense, change in fair value of derivatives, fees and expenses
related to acquisitions and discretionary bonus expenses. Because Adjusted EBITDA is a non-GAAP measure that does not have a standardized
meaning, it may not be comparable to similar measures presented by other companies. Readers are cautioned that Non-GAAP Adjusted
EBITDA should not be construed as an alternative to net income (loss) determined in accordance with U.S. GAAP as an indicator of
performance, which is the most comparable measure under GAAP.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Non-GAAP adjusted gross profit and gross margin and adjusted
EBITDA are used by management as internal measures of profitability and performance. They have been included because the company
believes that the measures are used by certain investors to assess the company&rsquo;s financial performance before non-cash charges
and certain costs that the company does not believe are reflective of its underlying business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B></B></P>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Forward-Looking Statements </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This news release includes &ldquo;forward-looking statements&rdquo;
within the meaning of the U.S. federal securities laws. Statements in this news release that are not statements of historical fact
and that concern future results from operations, financial position, economic conditions, product releases and any other statement
that may be construed as a prediction of future performance or events, including the anticipated closing of the merger. These forward-looking
statements speak only as of the date made and involve known and unknown risks, uncertainties and other factors which may, should
one or more of these risks uncertainties or other factors materialize, cause actual results to differ materially from those expressed
or implied by such statements. These factors include risks related to disruption of management&rsquo;s attention from the ongoing
business operations due to integration of Appia&rsquo;s business operations; the effect of the merger on Digital Turbine&rsquo;s
or Appia&rsquo;s relationships with their respective customers, lenders, operating results and businesses generally; the ability
to expand the combined company&rsquo;s global reach, accelerate growth and create a scalable, low-capex business model that drives
EBITDA; failure to realize anticipated operational efficiencies, revenue (including projected revenue) and cost synergies and resulting
revenue growth, EBITDA and free cash flow conversion; inability to refinance the assumed Appia debt subsequent to the closing or
to refinance the debt on favorable terms; unforeseen difficulties preventing rapid integration of Appia&rsquo;s app-install infrastructure
into Digital Turbine&rsquo;s existing platform; the potential for unforeseen or underestimated cash requirements necessary to enable
transaction synergies to be realized; the inherent and deal specific challenges in converting discussions with carriers into actual
contractual relationships; product acceptance of a new product such as DT Ignite or DT IQ in a competitive marketplace; device
sell through for any specific device or series of devices; the potential for unforeseen or underestimated cash requirements or
liabilities; the impact of currency exchange rate fluctuations on our reported GAAP financial statements; the company&rsquo;s ability
as a smaller company to manage international operations; its ability given the company&rsquo;s limited resources to identify and
consummate acquisitions; varying and often unpredictable levels of orders; the challenges inherent in technology development necessary
to maintain the company&rsquo;s competitive advantage such as adherence to release schedules and the costs and time required for
finalization and gaining market acceptance of new products; changes in economic conditions and market demand; rapid and complex
changes occurring in the mobile marketplace; pricing and other activities by competitors; and other risks including those described
from time to time in Digital Turbine&rsquo;s filings on Forms 10-K and 10-Q with the Securities and Exchange Commission (SEC),
press releases and other communications. You should not place undue reliance on these forward-looking statements. The company does
not undertake to update forward-looking statements, whether as a result of new information, future events or otherwise, except
as required by law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>For more information contact: </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">Carolyn Capaccio/Monica Chang</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">LHA</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">(212) 838-3777/(415) 433-3777</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">digitalturbine@lhai.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>SOURCE Digital Turbine, Inc.&#9;</B>&#9;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"># # #</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>image_001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_001.jpg
M_]C_X``02D9)1@`!`0```0`!``#_VP!#``@&!@<&!0@'!P<)"0@*#!0-#`L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+#`Q-#0T'R<Y/3@R/"XS-#+_
MVP!#`0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P``1"`".`60#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#W^BBB@`HH
MHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB
M@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`
M"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`*
M***`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HH
MHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB
M@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHJM?+>O;D6,L,<OK*A8?H>/UI
M2=E>UQI7=BS7%W?CY=#\0'2?$%D;56.8;R)MT;J>C$8R/?K@_G5>]\1>)-$N
M@-0@A>,G@A/E;Z$?UJMX]@M?%/@$ZO`@$]D?,`/5>0'7\L'\!7)3QD*LG"-U
M)=&K'HX;#052,:RO&6ET]GT_IG::M>2Q>'KR_P!/>-Y([9IX2?F5\+N'X''Z
MU7\+>([;Q3H4.I6PV$_)+$3DQN.J_P!1[$5Q'A'5FB^#FIS7+Y6U2>*/)[%?
ME'_?38JG\#EN1!K+$'[*6B"D]-^&SC\",_A7=%<T.8NI@53HUF]X223[_P!:
M,]<HKA]!\5'6_B3J]C;R[[&WM%5,="Z/@L/Q<C\!7<42@XNS/-G!P=F%%%%2
M0%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`
M4444`%%%%`!1110`4444`%%%%`!1110`4444`-DD2*-I)&"HHRS$X`%<G?\`
MC)PY&GVP>,?\M90<'\!76LJNNUE##T(S6=J&LVVG,(B#)+C[B]OK7'C9N$.9
MU.1=[&E-Q3U5S`@\3V>J6[V6LVZJDG&]`2OY=1]:R[.P\F&^T^"^L[RSNP8W
M@=WC+@\##8P&Q[ULSWUGJDR(-*B:<M\KN>GN<#D5K:-+'<PEUD:2,C"%L*''
M0E4'1<]":\W#R^LU$XSYN7[233]'W^XZ/;JFK15K]#S+5/#EU8^&[_0;:29;
M&X#WD`DP'2:(`O"^.""HW`C&<#M5;4O$S:'X9TWPGX9M9C<W5K'++.JY9_-0
M,=@'.3GKVQ@5Z_JMG%>:=/$X()C<*ZIN9,J5)4=S@FO+Y[_4]&U6X;0]+2XU
MB<(A@6(S&QM44+&C%3@.V,D9[#VKZ7"Q=N5ZV^1O/'>TI^^M;W]7:US:^&/@
MVZ\,VEUJ.JA8KJY4*(RP_=1CGYCTR?TQ77:1K]GKD]ZM@WFP6KB,SK]UWQDA
M?4#CGWKR.ZL?B+XON!:7T5U#;L1N611!$H]2.-V/Q->M^&]!M_#6AP:;;G=L
M^:20C!D<]6_SV`K3$02]Z4KR?;H>=.I*I)R9K4445R$A1110`4444`%%%075
M[:V,0EN[F&WC+!0\KA02>@R>]`$]%("&`(((/((J&VOK2]\S[+=0S^6VU_*D
M#;3Z''0T`3T444`%%%03WUI:S0PW%U#%+.2(DDD"F0C&0H/7J.GK0!/1150:
MII[7_P!@6]MS>8SY`E!<=_N]:`+=%%%`!111TH`**JV>IV.H-*ME>6]R8B!)
MY,@?:3ZXZ=#5KI0`45%#=6]R6$$\<NSAMC`X_*I:`"BBB@`HHHH`***CBGAG
M!,4J2;3@[&!P:`)****`"BHXYX9BXBE1RAPP5@=I]#4E`!1110`445#/,T)0
M+$7+G:,$#G_.:`))&*1LRJ6(!(`[UBVVAQ+ON]2<22'+N"<*O?GU_E6BU_&D
M,\A1OW1QM'5CCM^.1^!JEXJ=X_#%^R'#>6!^!(!_2N7$X>E4M4J*_+>RZ>H^
M9I.QR^J>*?MI;2]`LO\`6@Q^8J89@>NT=OJ?TH@U=]#UB_@E.6M(K-I(DY(@
M";7P!_=9]WXU?T*PB\->&+G6;B+?<^0TY!ZA0,A1Z9KE/AK;R:[XHU/6[YO,
ME1><]"TF1^04$8]Z6%A)>_/=]-DD>=B*DO:0IQ?O/\$=AJVL27%F$6:V2.1>
M&D\P13#LR21G(]P:YB?3?%-E9QZCX>FLA;(2S6VFQD`GN65AF0_7)]!4'PWF
MBFU75='N&)@GC+)$3\H*MS@=C@_I6M#=7_A/4Y(60O;EONGA9!V8'UKUX5'3
M=DD_7J<GMG6IJ<VTGIH]FC%M?B?XC:06O]FVUQ<9QM6)]Y/T!Z_A7H?AZ77[
MJ%KK6X[>VW#]W;0J<@>K$D\^U3Z=K^FZD0(9@DS?\LY/E;_Z_P"%:E16K0DK
M1@HG=AJ4U[TJKD@HHHKF.T****`"BBN:\;^)3X8T!KB$*UW,WE0!N@.,EB/0
M`?GB@3=E<Z6O,/C%?[;33=/4GYW:9A]!@?S-</::7XH\:23740N+[:V'DEE"
MJ#UP-Q`_`=*Q]2TRZTC49;"]C"7,6-Z!@V,@$<CCH15)&4IMK8]T^'S74G@*
MQ,C9EVR",OSQN.W/M67X/\"ZKX;UY[^?48)8I49943<"Q/(//'6G>,/^)!\+
M8[!<*[116WX\%OY&L?X.6/\`R$]0/^Q"O_H1_P#9:"NJ1ZK30ZEMH89],UX9
MXH\5:MXKUYM.TV27[(93%!!"V/-YQN;USUYX%9&L^$=<\.6T-Y?VWDQNX572
M56VMC.#@\'@_E1R@ZG9'T97#^-_!6H^*=2M;BVO8((K>/:H?=G<3DGC\/RI?
MAAK5[J_AV9;Z5IGMIO+61SEBN`<$]\5YGJ1/B3XC2HOS+<WPB&?[@8+_`"%"
M6H2DFEYGL.O:A<>'/`TMQ)*K7D%LD?F=FD("Y'XG->?_``BM&N=?O]1DW.8H
M=NYN<L[9SGUPI_.MWXO7H@\/V5BA`\^?<0/[J#_$BO/]%\"ZYK]BE[911?9W
M8J'DD"].#QUH6Q,G[VG0^A:*X+2_ANEIX0U#2I[H&\OMIDE095"ARH'<C/7Z
MUY[JGP[\1:1;SW4MM'+;P*7>6&4'"CJ<'!_2E9%N370]_K@?BMK4VG:#!96\
MAC>\D(<J<'8O)'XDBL?X3:_J%U?W6DW,\DUND!FC\QLE"&4$`^AW=/:LGXMW
MWVCQ1#:#[MM;@'_>8Y/Z;::6HI2O"YU_PEL?L_A66Z(^:ZN&(/\`LJ`H_7=6
M[XMO7M]/2"-L&=B&QUVCK_2K/A:Q_LWPMIEH1ADMU+?[Q&3^I-<_XOG\S5$A
M'2*,?F>?\*74>T37\(0>7I+RGK+(3^`X_P`:Z"N"M_"NHSA&(CC1@#N9NWT%
M7/$4:Z7IMAI\#M\K-(6S@Y]?U-`T[([&BJ&BW$MUH]M-,29&4Y)[X)&?TKF'
MU&;_`(3$M$[!6G6$J#P0"%-(=SMJ*Q_$.K-I=FHAQY\I(4G^$#J:Y.WT[5-9
MS.H>5<X,DC\9_&@&SOKN<6UG-.?^6:%OR%<;X1:3^V'P3M,1+_F*M7E@=#\,
M31.ZM/<R*K%>GK@?@#^=8=EI%[J,;26L.]5.TDL!S^-,EO4]*H.<<=:\UBN+
M[1K[;N>*2-OGC)X/L>U=GXAN?*T"9AP9`$'X_P#ULTBDRKI6@W>GZF;J2YC9
M6W;U7/.?_KUT-<AX,@S+=7!'0!!^/)_D*KZUJMUJ6IFQM681!_+55.-[9QDG
MTIB3LCMMPSC(SZ4M>;7FCW^G1B:XA*(3@,&!P?P-=/X2OI[JTFBF<OY)&UF.
M3@YX_2@$^AT51LJO+&2PRA)"^^,?XUQOB'6;BXOGLK=V6*-MA"'EV[_KQBLV
M[T6_L;87,\.Q,C)W`D?6BP.1WWV"/(8LQ;`!ST/.2<>IR?SJ6YMXKNVDMYEW
M1R*58>H-8'A&^GN8)X)G9Q%M*%CD@'/'Z5TE)J^C&M407EI%>V,]G*/W4T;1
ML!Z$8KAOAQI5QH.H:[I=VI$L;Q.C8P)$^<!A[<5Z!2;%WA]HW`8W8YQ093HJ
M52-3JOU/,]=\(ZIHGB,>(-`B-PGFF5[=?O+G[P`[J<GIR,UW^GWD&LZ='.8&
M4-P\,R89&[J0>XJ]15.5UJ12PT:4I.#T?3S\B.*WA@_U4,<?^XH%2445)TI6
MV"BBB@`HHHH`*\?^,-]YFJZ?8!N(86E8>[''\E_6O8*^?_'%RVK^/[V-&&!,
MMLF>VW"G]<TX[F=1Z'K?@*Q&G^"M.0KM:2,S-GC[QS_(BO(K7_BI/B2C'E+F
M_P!__``V?_017L^OW,>A>#[R16"BWM3''DXYQM7]<5Y;\)K'[1XKDNB/EM;=
MF!_VF(4?H6IKJQ26JB;/QCOOETS3QZO,W_H(_P#9JT?#&=`^$EQ?'Y9)(I9Q
MCU/RK_):XKXEWAU#QQ/#'EO(1(%'OC)_5C79_$-AHOP\LM*3@N8H,#T09/Z@
M?G1T2%?5LY7X4:?]J\6-=$#;:0,X/^TWRC]":Z#XQW^VSTW3@>7D:=A]!M'_
M`*$:L?!^Q6/1+Z^.-\TXC]\*,_S8UR'Q0OC>^-)($)9;:-(0!ZXW']6HZAM`
M[7P.!H/PQN-1?Y6=9KG/T&U?_01^=<5\,+(WWC6*9P6%M&\Q)]<;1^K5VWC<
MC0?AC!IJD*[K%;8]<#+?^@G\ZSO@Y8X@U/4".6985/T&3_,4=+A;WDC%^+=]
M]H\3P6@^[;6XS_O,<G]-M>I>$K'^S?">F6I`#+`K,!_>;YC^IKQ752?$?Q&F
MC7++<7PA'^Z&"_R%>W>([XZ3X8U"[C.QH;=O+([-C"_J10^PX;N1R'B?XI0:
M5>R6.EVR7<L1VR3.V(PW<`#EOS'XUQ^I_%#7-4TVYL9;>PCBN(S&S1HX8*>#
M@EB.GM4/PWT2VUOQ01>Q+-!;PM*T;\ACD``COUS^%=!\64TZPM]-L;.SM8)'
M9I7,42J0H&!T'0Y/Y4]+V);DUS7)/@Y8\ZIJ##^Y`A_-F_\`9:Y*_P#^*D^(
M\B+\RW-\(QG^X&V_R%>B>#`-`^%LNH-\KNDUS^/1?_05_.N)^%UB;WQI'.X+
M"VB>4D^I^4?^A4=V#6B1[J``,`8`KSNZ_P")EXD=1R))]@^F<?R%=[>SBVL9
MYR<;$+?I7$^%H//UM'(R(E9R??I_6I1K+L=Z``,#I7!^*Y_.UHQ@Y$2!,>_7
M^M=Y7G<?_$S\2*>JRW&?^`Y_PH02.X@5=/TA`>!!#D_@.:XOPY$;K7XG;G;N
MD;_/U(KJO$MP+?0YQG#28C'OD\_IFLCP9!\]U<$=`$'\S_2@'O8I^+I_,U98
MNT48'XGG_"NNTNW^RZ7;0XY6,9^IY/ZUPTW_`!,O$K`<B6XV_P#`0<?R%>B4
M`M[G)>,Y_FM;<>A<_P`A_6M3PO!Y&AQ$CF5BY_E_(5S'B:?S]<F`Z1@(/RY_
M4FNT^73=(YP!!#^H%`+<XJ\_XF?BAU'(DG"?@./Y"MCQG/B&UMP?O,7(^G`_
MF:S/"T)N-<$K<^6K.3[]/ZT>*I_.UIHP<B)`F/?K_6@70V_#X%CX9DN6&"0\
MOY<#^587AB$W&NQNW/EAI#_+^9K>UG_B7^%%MQPQ5(OZG^1JIX,@XNK@^R#^
M9_I0'5(L>,9]FG0PCK))G\`/_KBCPLBVNASW3]&9G/T4?_KK,\83^9J<4(Z1
MQ_J3_P#JK4O/^)?X,6/HS1*OXL<G^9H'U.:TF>$:W%<7<@1`YD9B,\\D?K6Q
MXDURUN[-;6T?S-S!G;!``';FLS1=#.L"8_:/)$>/X-V<Y]QZ5T%GX0M()`]Q
M*]QC^'&U3]:!*]AWA*T:#3'G<8,[Y'^Z.!_6N@I``J@```<`#M2TBUH%%%%`
M!1110`4444`%%%%`!1110`5X7XS\&:S9^(;R[M;*XNK6XE:9)(4+E=QR00.1
M@FO=**:=B914CY[DM?&>O".RGAU:Y13\J3*X4'U);C\37K7@7PF?"VDNL[*]
M[<D-,5Y"XZ*#WQD_B:ZJBAL48).YX]=^$M2;XJ))-:2O93WOV@3A24VYWX)Z
M`\8P:['XB>&KOQ'H<0L0'N;:3S%C)`W@C!`)[UV%<_XL\5VGA33TGF0S3RDK
M#"IP6(ZDGL!Q^=%PY4D[GCEE:>-=%22*RL]9MD)RXB@DVD^O`Q^-5O#<4VN^
M-;`7+M-)-<K)*S')8#YCG\!6WJOQ3UO4K.:UCAM;5)5*L\88O@\$`D\?7%;7
MPK\+745XVNWD+11B,I;*XP6)ZMCTQD>^:HR23:2-[XH:)?:OH5N]A"\[VTI=
MXD&6*D8R!WQ6A\/-,DTOP=:QS1M'-*S2R(ZX()/&1]`*ZFBIOI8VY=;GCW@W
MPCJ6G_$/-_9RK#:B219BAV2?P@ANA^]G'6O2_$VDMKGAR^TV-PDDR?(QZ;@0
M1GVR!6M10V"BDK'SJFB^*M`OR\%CJ5M<*"OF0(Q!'<!EX(K3TSP;XF\5:HL^
MII=11$CS;F\R&V^B@\GV[5[O13YB?9HP/$.B-<>";K1].3!6W$<*9QG;C`S[
MXQ7+?"C0KO38]3N;ZTFMYG=8E65"IP`2>O;D?E7I%%*Y7*KW*>K6SW>E7,$7
M+NGRC/4]<5B^$K":U%U+/$\;DA`'7'3D_P!*Z:BD.VMP(R"*\]N-*U/2KXM!
M%,=I/ERQ`G(_#IQ7H5%`-7//39ZUJLB)+'<N!T,H(5?SKM-)TY=+L$MPVYL[
MG;U8U>HH!*QQNA:1<VOB#_2(7"PJQ#D?*W88/XUV5%%`)6.'\0:+>+J4US%"
M\T4IW909(/<$53:+6[Y5@=+R11T5PV/QSQ7HE%.XN4Q_#^CG2K=VE(,\N-V.
M0H':L2]T>Y?Q2K-$[02S!_,`R,=3GTKLZ*0[&)XHL9[W35^SH7>-]Q1>I&".
M*E\-VK6FC1K(A1W8NRD8(YQ_("M:B@+:W..US2+JX\0K((G>"=D&]1D+P`<^
MG2M_6].;4=+:"(@2*0R`]"1VK2HH"QYW#::U82,((+R,GAO+0D'\N#71:#;Z
MPUP9]0FF6(`A8W/+'Z5T5%.XE&P4444B@HHHH`****`"BBB@`HHHH`****`"
MBBB@`HHHH`*JW>F6%^RM>6-M<LHPIFB5R![9%6J*`,^+0M(@D$D.E6,<B\AD
MMT!'X@5H444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`
G%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`?__9
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
