Toronto, Canada
US Music Industry Adoption of DMDS Continues to Escalate
YANGAROO Inc., (TSX-V: YOO, OTCBB: YOOIF) the industry's leading secure digital media distribution company, today announced that the US record industry has made over one million deliveries of music tracks via YANGAROO’S patented Digital Media Distribution System (“DMDS”) as of the end of October 2007. These deliveries replaced the production, packaging and shipping of CD’s, and related printed promotional materials to radio and other destinations, significantly reducing the environmental impact of promotional music distribution.
"This is an historic milestone for YANGAROO," said John Heaven, President and CEO of YANGAROO. "The rapidly growing adoption of DMDS by the US record industry is remarkable, in fact, in the past sixty days we have entered into over a dozen commercial agreements with US based independent labels alone. The pace of growth in usage is exceeding our expectations, increasing more than 300% over the same period in 2006."
YANGAROO's DMDS has delivered over 10,000 songs from more than 500 record labels to destinations which include radio stations representing over 35 US broadcast chains such as CBS/Infinity, Citadel, Clear Channel, Cox, Cumulus, Emmis, EntreVision, Entercom, Federated Media, Sirius, Journal, DMX, Jones Radio, AOL, Music Choice, Radio One, Salem Communications, Univision, Westwood One, Regent, Premiere Radio, Next Media, XM Satellite Radio, Waitt Media and many others. DMDS is the only system that can deliver music across the US, Canada and the UK.
About YANGAROO: YANGAROO's patented Digital Media Distribution System (DMDS) is a leading secure B2B digital delivery solution for the music and advertising industries. DMDS is a web-based delivery system that pioneers secure digital file distribution by incorporating biometrics, high-value encryption and watermarking. DMDS replaces the physical distribution of musical recordings and advertising to radio, media, retailers and other authorized recipients with more accountable, effective and far less costly digital delivery of broadcast quality media via the Internet. YANGAROO has offices in Toronto, New York, Los Angeles, and London, UK. YANGAROO trades on the TSX Venture Exchange (TSX-V) under the symbol YOO and in the U.S. under OTCBB:YOOIF. For further information, please contact John Heaven, President & CEO at YANGAROO Inc. at 905-763-3553.
The statements contained in this release that are not purely historical are forward-looking statements and are subject to risks and uncertainties that could cause such statements to differ materially from actual future events or results. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.