TORONTO, Nov. 16 /CNW/ - YANGAROO Inc., (TSX-V: YOO, OTCBB: YOOIF) the
industry's leading secure digital media distribution company, today announced
that Len Gill has resigned from, and that Howard Atkinson has joined, the
Company's board of directors.
John Heaven, the President and CEO of YANGAROO, stated that the Company
had, with regret, accepted Mr. Gill's resignation and that he understood that
the time and travel demands of Mr. Gill's own business interests resulted in
Mr. Gill concluding that he could not devote the time, care and attention
required of a director of a public company.
Howard Atkinson is a CFA and CIMA, and is President of BetaPro Funds
Management Inc., where he focuses on management of the Horizons BetaPro Funds
and Exchange Traded Funds. He brings 20 years of investment management
industry experience to the board, including executive positions with Mackenzie
Financial Corporation, CI Funds and Barclay's Global Investors Canada Ltd. He
is the immediate Past President of the Toronto CFA Society board of directors
and is a member of the S&P/TSX Canada Index Advisory Panel. Mr. Atkinson is
the author of "The New Investment Frontier III: A Guide to Exchange Traded
Funds for Canadians," and "Les Fonds Négociés en Bourse: Un outil de placement
novateur pour l'investisseur avisé". He has been a contributing writer and
frequent analyst reference in many major Canadian newspapers, including The
Globe & Mail, National Post, Toronto Star, Vancouver Sun, and Ottawa Citizen.
Howard can be seen regularly on BNN (Business News Network) and CP24.
"We thank Len for his valuable input, and wish him continued success in
his future endeavours," said John Heaven, President and CEO of YANGAROO. "We
are very fortunate to have attracted the interest of an individual of Howard's
calibre and look forward to working with him and benefiting from his expertise
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.
For further information:
For further information: PR Contact for YANGAROO: Lloyd Trufelman,
Trylon SMR, New York, (212) 725-2295, firstname.lastname@example.org