TORONTO, Feb. 5 /CNW/ - YANGAROO, Inc., (TSX-V: YOO, OTCBB: YOOIF) the
industry's leading secure digital media distribution company, today announced
that the exercise price of $0.12 per share for the previously announced grant
of 100,000 options to an executive, has been revised to an exercise price of
$0.135 per share. The TSX Venture Exchange requested the change due to the
recent increase in the market price of the company's shares. These options
will not become exercisable until January 14, 2009, will expire January 9,
2013 and are subject to the usual vesting period as required by the TSX
Venture Exchange. The board of directors of YANGAROO 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 at (905) 763-3553 or visit