30DC, Inc. announced that on January 31, 2013, Mr. Edward Wells Dale, the Board Chairman, President and Chief Executive Officer of the company was adjudicated in personal bankruptcy in Australia resulting from claims of personal creditors, which is the equivalent of involuntary bankruptcy in the United States. This action was due to personal creditors unrelated to the Company and 30DC, Inc. is not a party to the matter. Mr. Dale has resigned as Chairman of the Board of Directors of the Company and the Board has elected Henry Pinskier, who has been a director of the company, to the role of Chairman.

Mr. Dale who has been instrumental in the company's development of its product offerings and overall strategic direction will continue in his role as President and Chief Executive with the support of the Board.