2013-05-03 18:05:02 -
1Vancouver, British Columbia, May 3, 2013 - Destiny Media Technologies'
(TSXV:DSY) (OTCQX:DSNY) CEO Steve Vestergaard is interviewed by
InvestmentPitch's Ted Ohashi, CFA.
The company recently announced a major upgrade to both the software and hardware
infrastructure that powers the Play MPE® Direct-to-Web portal
( goplay.plaympe.com). This site is used by tens of thousands of music
industry professionals to access pre-release music and videos distributed
through the Play MPE® system.
The company is also launching a new cross platform playerless streaming format
that doesn't require streaming servers and which reaches up to one hundred times
as many viewers as other solutions with the same bandwidth and infrastructure by
reusing streams. Publishers can reach internet TV's, smart phones, tablets, e-
book readers and computers from a standard web server without the cost of
interview is now available for viewing. If this link is not enabled,
please visit www.InvestmentPitch.com and enter "Destiny" in the search box.
A new Play MPE® app for iPhone and iPod Touch ( plaympe.com/iphone
first in a series of Play MPE® mobile apps Destiny is developing) has been
released. Industry professionals who receive content through the Play MPE®
system can access new broadcast quality pre-release music and music videos
through installed applications on Windows and Macintosh, through any web browser
and on iOS using the Play MPE® iPhone app. An app specifically designed for
Android phones is expected in May, followed by apps for iPads, Blackberry phones
and Android tablets. All apps are expected to be launched before the end of the
fourth fiscal quarter.
On April 8th, Destiny announced a global services contract with the Universal
Music Group to provide secure distribution of pre-release music to radio, label
staff, and other trusted recipients worldwide. Universal Music Group, the global
music leader, with wholly owned operations in 60 territories, owns the most
extensive catalogue of music in the industry, consisting of dozens of record
labels, including the last 100 years of the world's most popular artists and
Steve Vestergaard, Destiny CEO, says that with the acquisition of EMI, Universal
Music Group is expected to represent over 40% of major label transaction volume.
"We've been working on building our system for several years, with the goal of
increased usage when the new software rolled out. This new agreement clears the
way for us to work with the staff at the parent to market to their own regional
staff to expand to new territories and recipient types."
For the quarter and six-month period ending February 28, 2013 net income before
taxes rose by more than $500,000 over the comparative six month period, and by
more than $300,000 for the quarter.
The shares are trading at $0.82, and with 50.2 million shares outstanding, the
company is capitalized at $41 million.
For a more information, please visit www.dsny.com, phone Steve Vestergaard at
604-609-7736 or email firstname.lastname@example.org
In the U.S., the investor relations is handled by Dave Mossberg of Three Part
Advisors, who can be reached at 817-310-0051.
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Barry Morgan, CFO
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