TORONTO, June 7 /CNW/ - YANGAROO Inc. (TSX-V: YOO, OTC: YOOIF), the industry's leading secure digital media distribution company, reported that in a ruling issued today the U.S. District Court of East Wisconsin granted summary judgement of non-infringement in favor of Destiny Media Technologies Inc. (OTCBB:DSNY) ("Destiny"), on the basis that Destiny's allegedly infringing conduct is beyond the territorial reach of U.S. patent law. YANGAROO has always believed, and continues to believe, that its claim against Destiny is meritorious.
In its submissions to the court Destiny stated that music uploaded to its system from the U.S. goes through its servers in Canada before being sent back into the United States. YANGAROO has an outstanding patent infringement claim for $15 million against Destiny in Canada for any infringing acts occurring in Canada.
"After winning the first motion in this action, we are disappointed with the Court's ruling on this second motion and are evaluating our options, including appeal, in light of this ruling. Regardless, our business continues unabated," said John Heaven, President and CEO of YANGAROO Inc. "We believe that our Canadian and US patents and other pending patent applications provide significant protection for our intellectual property and distinguish YANGAROO as the innovator in its field."
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, award shows and other authorized recipients with more accountable, effective, and far less costly digital delivery of broadcast quality media via the Internet.
Named one of Canada's Top 100 Tech Companies for 2009 by Canadian Business, 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.
SOURCE YANGAROO Inc.
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