TORONTO, Jan. 18 /CNW/ - YANGAROO, Inc., (TSX-V: YOO, OTCBB: YOOIF) the
industry's leading secure digital media distribution company, today announced
that its board of directors has granted an executive 100,000 options with an
exercise price of $0.12 and expiry date of January 9, 2013. These options will
not become exercisable until January 14, 2009, and are subject to the usual
vesting period as required by the TSX Venture Exchange. The board of directors
has adopted a policy of setting option exercise prices at the greater of the
three month weighted average trading price and the closing price on the day
before the grant.
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's DMDS has made over four million deliveries of over 11,000
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 digitally deliver music across the U.S., Canada and the UK.
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.
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: John Heaven, (905) 763-3553; or visit