Exclusive Multi-year Deal For Digital Delivery of Broadcast Audio and
TORONTO, May 5 /CNW/ - YANGAROO Inc., (TSX-V: YOO, OTCBB: YOOIF) the industry's leading secure digital media
distribution company, has entered into an exclusive multi-year
agreement with D-Star Music Delivery Pty Ltd ("D-Star"), a member of
the Shooting Star Pictures group of companies. The Shooting Star Group
is one of Australia's leading creative production businesses, servicing
the entertainment industry and the corporate market. The initial focus
will be on the delivery of music to radio, press and other destinations
and will launch immediately, branded as D-Star, powered by DMDS. This
will be followed by the delivery of full broadcast quality SD and HD
music video and advertising files to television broadcasters and movie
theatres throughout Australia and New Zealand.
The parties have entered into an exclusive three year renewable
agreement whereby YANGAROO will provide its patented industry leading
Digital Media Distribution System (DMDS), and D-Star will provide local
marketing and customer support, utilizing the Shooting Star Group's
extensive resources, leading market presence and proven industry
Effective immediately new releases from major and independent record
labels are available for streaming or download at www.dstar.com.au. New releases from the last few weeks are also available should they be
required for on-air consideration.
"We are very excited to offer this new and improved service to the
industry we have been servicing for many years," said Peter Skillman,
CEO of the Shooting Star Group. "We can now, not only offer the latest
cutting edge technology for audio delivery, but also broadcast quality
video delivery as we move forward."
"This is another example of how we are executing on our profitable
growth strategy and monetizing the investment made in DMDS 5.0," said
Scott Wambolt, CEO of YANGAROO Inc. "I look forward to a long and
mutually rewarding relationship with Peter Skillman and his excellent
team at the Shooting Star Group," said Cliff Hunt, Chairman and COO of
YANGAROO Inc. "The Australian and New Zealand markets are strong and
growing, and we are excited about the significant new revenue
opportunities that this relationship provides."
YANGAROO's patented Digital Media Distribution System (DMDS) is a
leading secure B2B digital delivery solution for the music and
advertising industries. DMDS replaces the physical distribution of
audio and video content for music, music videos, and advertising to
television, radio, media, retailers, and other authorized recipients
with more accountable, effective, and far less costly digital delivery
of broadcast quality media via the Internet. The DMDS Awards platform
powers the world's major music industry awards shows.
Named one of Canada's Top 100 Tech Companies for 2009 by Canadian
Business, 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 Scott Wambolt at 416-534-0607 ext.111 or visit www.yangaroo.com.
About D-Star/Shooting Star:
Behind every great production is a great production company.
The Shooting Star Group is one of Australia's leading creative
production businesses servicing the entertainment industry and
corporate market. The Shooting Star Group was established 16 years ago
and is now at the forefront of commercial and television production,
post-production and, with D-Star, the digital delivery of promotional
audio and video assets. The Shooting Star Group has also become a major
force with its cinema advertising sales arm, Star Media and Star Media
Platinum, and is pioneering the delivery of high-definition cinema
advertising. Whether you require television programming or a live
concert shoot, corporate video presentation or any form of media
advertising, we're the team that turns your ideas into reality.
The Shooting Star Group is one of Australia's most awarded entertainment
industry production businesses, with clients such as Sony Corporation,
Amalgamated Holdings Ltd, TV1, Blake Advertising, Duet Entertainment,
Warner Music, Liberation Music, Foxtel, Coca Cola, Sydney Olympics, The
Boy From Oz, APRA, ARIA, AIR, Westfield, Fairfax, Telstra and Bridge
The Group is headquartered in Sydney, Australia.
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.
For further information:
Contact for YANGAROO:
Cliff Hunt, Chairman & COO
Tel.: 416 534 0607 ext.112
Contact for D-Star:
Peter C. Skillman, Director and CEO
Tel.: +61 2 9660 6969