TORONTO, Aug. 4 /CNW/ - YANGAROO Inc., (TSX-V: YOO, OTCBB: YOOIF), the
industry's leading secure digital media distribution company, is pleased to
announce that, subject to regulatory approval, Horizon Media Inc. will acquire
warrants to purchase 750,000 YANGAROO common shares. The warrants will become
exercisable after various phases of a digital media workflow solution are
successfully completed. These warrants will have an exercise price as
permitted by the TSX Venture Exchange policies at the time of issuance and an
expiry date of five years from the date of issuance.
About Horizon Media:
Founded in 1989, Horizon Media, Inc. is the largest U.S. independent
media services company. Dedicated to helping clients sell products and build
brands through insightful marketing counsel, media-neutral strategic planning
and effective negotiation and placement. Horizon's exceptional holistic
approach to brand marketing and development has resulted in estimated billings
of $2 billion and established the company as the fastest growing agency in the
industry. Headquartered in New York City with a full service office in Los
Angeles, Horizon also has offices in San Diego, and Amsterdam, Netherlands.
Horizon is also a founding member of Columbus Media International, a
multi-national partnership of independent media agencies. For more
information, please visit the company's website at www.horizonmedia.com.
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 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
YANGAROO's DMDS has made over six million deliveries of over 21,000 songs
from more than 600 record labels to destinations which include radio stations
representing over 35 U.S. broadcast chains. U.S. record labels made over 2
million deliveries of songs via DMDS in 2008. DMDS is the only system that can
digitally deliver music across the U.S., Canada and the U.K. YANGAROO has
offices in Toronto, New York, Los Angeles, and London, U.K. 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 at
905-763-3553 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.
For further information:
For further information: Matthew Caldecutt, Gina Preoteasa, Trylon SMR,
(212) 725-2295, firstname.lastname@example.org, email@example.com