YANGAROO announces Board Changes
TORONTO, Nov. 1, 2012 /CNW/ - YANGAROO Inc., (TSXV: YOO), (OTCBB: YOOIF) the industry's leading secure digital media management company, today announced that Justin Lafayette has resigned from the Board of Directors, and that Gerald C. Quinn has joined the board.
Justin Lafayette has served as a member of the Board of Directors for over 12 years, and will now join the company's Advisory Board.
Mr. Quinn is and has been President of The Erin Mills Investment Corporation since September 1989. Erin Mills is a substantial private venture capital company with a diverse investment portfolio. Prior to joining Erin Mills, Mr. Quinn served as a Senior Officer in Magna International Inc. and Barrincorp, both publicly traded companies, and he served as a Partner in the public accounting firm of Ernst & Young. Mr. Quinn has been a Director of a number of public companies and is also a Director of a number of private companies in diverse industries. In addition, Mr. Quinn invests his own capital and acts as an investment advisor to emerging, diverse businesses.
"We thank Justin for his invaluable input and council, and wish him continued success in his future endeavours," said Tony Miller, Chairman of YANGAROO Inc. "We are very fortunate to have attracted the interest of an individual of Gerry's caliber and look forward to working with him and benefiting from his expertise, experience, and insight."
YANGAROO is a company dedicated to digital media management. YANGAROO's patented Digital Media Distribution System (DMDS) is a leading secure B2B digital cloud based solution focused on the music and advertising industries. The DMDS solution provides more accountable, effective, and far less costly digital management of broadcast quality media via the Internet. It replaces the physical, satellite and closed network distribution and management of audio and video content, for music, music videos, and advertising to television, radio, media, retailers, and other authorized recipients. The YANGAROO Awards platform powers many of North America's major awards shows.
YANGAROO has offices in Toronto, New York, Los Angeles, and Dallas. 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 Gary Moss at 416-534-0607 ext.111 or visit www.yangaroo.com.
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.
SOURCE: YANGAROO Inc.