AllDigital Reports 2013 Financial Performance

AllDigital Reports 2013 Financial Performance

                       -- Full-Year Revenue Grew 31% --

                      -- Gross Profit Increased 122% --

IRVINE, Calif., March 31, 2014 (GLOBE NEWSWIRE) -- AllDigital Holdings, Inc.
(OTCBB:ADGL), a leader in digital broadcasting solutions, today announced
improved financial results for the full year ended December 31, 2013.

"2013 was a record year in terms of top line revenue, as well as significant
improvements to our gross margins and balance sheet position," said Paul
Summers, CEO of AllDigital. "As we pivot to the next generation of our content
management system currently branded as AllDigital Cloud, we believe that we
are well positioned to introduce ultra-low latency technologies (ULL) that
enable highly innovative digital broadcasting solutions."

Total revenues for 2013 rose 31% to $4.3 million from $3.3 million in 2012,
which also included recognition of completion revenue related to contracts
with new and existing customers.

Gross profit for the year increased 122% to $1.8 million from $821,000 in
2012, primarily related to the increase in net sales and minimal change in
cost of sales from the previous year, which included salaries and related
payroll expenses.

Total operating expenses for 2013 were $2.4 million, compared with $2.2
million in 2012. Net loss for 2013 was reduced to $552,000 from $1.2 million
in 2012.

"From a corporate perspective, 2013 was a productive period for AllDigital. In
terms of executive management, we expanded our team across technical
operations, accounting, operations and executive sales," Summers said. "At the
same time, we continued to make great strides gaining more exposure and
recognition in the industry, including the inclusion of AllDigital in
Streaming Media magazine's list honoring 100 of the most innovative and
influential companies in the online video industry.

"As we continue to move toward a 'platform as a service' model and as current
integration projects near completion, we anticipate that our integration
services revenue, as a percentage of total revenue, may decrease in 2014.
However, our focus for the year will be to add additional clients through
organic growth and potential acquisitions, increase monthly recurring revenue
as a percentage of total revenue, and improvements in gross margins," Summers
added.

About AllDigital Holdings, Inc.

AllDigital Inc., a leader in digital broadcasting solutions, is the developer
of AllDigital Cloud, a content management system (CMS), focused on the
high-speed management and delivery of data and related digital media content.
AllDigital Cloud supports multiple types of connected devices including
mobile, desktop, and digital television, providing total control over the
global distribution of digital media assets. Serving media and entertainment
companies, enterprise brands, non-profit and government organizations,
AllDigital sets itself apart by offering highly scalable and ultra-low latency
(ULL) digital broadcasting solutions, including cloud storage, origin transit,
content management solutions, integration services, and related customer
support. For more information on AllDigital, please visit
http://www.alldigital.com.

Forward-Looking Statements

This release may contain forward-looking statements as well as historical
information. Forward-looking statements, which are included in accordance with
the "safe harbor" provisions of the Private Securities Litigation Reform Act
of 1995, may involve risks, uncertainties and other factors that may cause
AllDigital's actual results and performance in future periods to be materially
different from any future results or performance suggested by the
forward-looking statements in this release. These risks and uncertainties
include, without limitation, whether AllDigital will successfully introduce
ultra-low latency technologies (ULL) that will enable highly innovative
digital broadcasting solutions, whether current integration projects will be
completed in a timely manner, whether integration services revenues as a
percentage of revenues will decrease in 2014, and whether AllDigital will
successfully add additional clients through organic growth and/or through
acquisitions, increase monthly recurring revenues as a percentage of total
revenues and improve gross margins in 2014. In addition, other risks are
identified in AllDigital's most recent Annual Report on Form 10-K and
Quarterly Report on Form 10-Q filed with the Securities and Exchange
Commission. Such forward-looking statements speak only as of the date of this
release. AllDigital expressly disclaims any obligation to update or revise any
forward-looking statements found herein to reflect any changes in company
expectations or results or any change in events.

                               (Tables Follow)

                                                              
                                                              
ALLDIGITAL HOLDINGS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
                                                              
                                                  Year Ended December 31,
                                                  2013         2012
Net sales                                          $ 4,327,227  $ 3,307,167
Cost of sales                                      2,505,925    2,486,388
Gross profit                                       1,821,302    820,779
Operating expenses                                             
Selling, marketing, and advertising                537,496      600,789
General and administrative                         1,898,493    1,587,445
                                                              
Total operating expenses                           2,435,989    2,188,234
                                                              
Operating loss                                     (614,687)    (1,367,455)
                                                              
Total other income (expense)                       63,976       196,646
Loss before provision for income taxes             (550,711)    (1,170,809)
Provision for income taxes                         1,600        2,400
Net loss                                           $ (552,311) $ (1,173,209)
Basic and diluted net loss per share               $(0.02)    $(0.05)
Basic and diluted weighted-average shares          26,642,459   25,405,892
outstanding

                                                                 
                                                                 
ALLDIGITAL HOLDINGS, INC
CONSOLIDATED BALANCE SHEETS
                                                                 
                                                     December 31,
                                                     2013         2012
ASSETS                                                            
                                                                 
Current Assets                                                    
Cash and cash equivalents                             $1,300,932 $462,761
Accounts receivable, net of allowance of $10,000 and  454,733      122,064
$0
Prepaid expenses and other current assets             82,324       53,362
Total current assets                                  1,837,989    638,187
Property and Equipment, net                           86,648       80,311
Other Assets                                                      
Deposits                                              11,164       11,164
Intangibles – domain name                             22,000       19,750
Total assets                                          $1,957,801 $749,412
                                                                 
LIABILITIES AND STOCKHOLDERS' EQUITY(DEFICIT)                    
Current Liabilities                                               
Accounts payable and accrued expenses                 $563,889   $520,308
Deferred revenue                                      355,770      347,773
Total current liabilities                             919,659      868,081
                                                                 
Stockholders' Equity (Deficit)                                    
Preferred stock, $0.001 par value, 10,000,000 shares
authorized, none and none issued and outstanding,     --           --
respectively
Common stock, $0.001 par value, 90,000,000 shares
authorized, 33,231,977 and 25,440,728 issued and      33,233       25,441
outstanding, respectively
Additional paid-in capital                            3,978,462    2,277,132
Accumulated deficit                                   (2,973,553)  (2,421,242)
Total stockholders' equity (deficit)                  1,038,142    (118,669)
Total liabilities and stockholders' equity (deficit)  $1,957,801 $749,412

CONTACT: Investor Contact:
        
         PondelWilkinson
         Evan Pondel
         epondel@pondel.com
         (310) 279-5980
        
         Media Contact:
        
         PondelWilkinson
         Ron Neal
         rneal@pondel.com
         (310) 279-5980

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