YANGAROO reports seventh consecutive year of revenue growth in 2009

Launch of DMDS 5.0 and deals with GRAMMY Awards, JUNOs and CMJ lead to further adoption of DMDS

TORONTO, April 28 /CNW/ - YANGAROO Inc. (TSX-V: YOO, OTC: YOOIF), the industry's leading secure digital media distribution company, today announced its results for the year and fourth quarter ended December 31, 2009. YANGAROO achieved its seventh consecutive year of revenue growth in the year, reporting a 35% increase in revenue (which excludes interest income) over fiscal 2008. EBITDA (Earnings before interest, taxes, depreciation and amortization) for 2009 improved by 23%.

Highlights from 2009 include: the launch of YANGAROO's next generation DMDS 5.0, which opens new markets for television broadcast quality music video delivery, television advertising distribution and award shows; powering the music distribution and judging processes for the 2009 JUNO Awards; receiving the grant of United States patent No. 7,529,712 titled "Content Distribution System and Method"; being named to the Canadian Business "The Tech 100" 2009 list; being chosen to distribute music for the GRAMMY(R) Awards; working with Horizon Media Inc. on a digital media workflow solution; and partnering with CMJ Network Inc., the largest organization focused on U.S. College Radio.

"Last year was comprised of great strides for YANGAROO," said YANGAROO's President and CEO John Heaven. "Despite the uncertain economic times, YANGAROO had its seventh consecutive year of revenue growth. This success was made possible by the dedication of our team members and the continued support of our shareholders and business partners. The substantial gains that were achieved in 2009 further bolster our confidence in the future prospects of YANGAROO."

The increase in revenues, combined with a decrease in total expenses, accounted for the lower loss compared to 2008. A 21% decrease in salaries and consulting expense accounted for the majority of the reduction in total expenses. General and administrative expense increased 13% due to the enforcement of patent rights, but marketing and promotion expense decreased by 29%, and technology development expense decreased 47%, further contributing to the lower total expenses. A reduction in interest income due to lower interest rates and investment balances, and an increase in amortization expenses, partially offset the lower total expenses.

Summary of operating results for the years and fourth quarters ended December 31:

    
    -------------------------------------------------------------------------
             $CDN                    Year                   4th Quarter
    -------------------------------------------------------------------------
                               2009         2008         2009         2008
    -------------------------------------------------------------------------
    Revenue                   780,051      578,813      175,613      138,024
    -------------------------------------------------------------------------
    Interest income            11,074      139,230        1,030       17,660
    -------------------------------------------------------------------------
    EBITDA                 (2,212,607)  (2,885,125)    (760,092)    (648,929)
    -------------------------------------------------------------------------
    Net loss for the
     period                (2,816,751)  (3,264,043)    (935,452)    (760,455)
    -------------------------------------------------------------------------
    Loss per share (basic
     & diluted)                  (.04)        (.04)        (.01)        (.01)
    -------------------------------------------------------------------------
    

The full text of the financial statements and Management Discussion & Analysis is available at www.yangaroo.com and at www.sedar.com.

About YANGAROO:

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.

%SEDAR: 00018809E

SOURCE YANGAROO Inc.

For further information: For further information: Contacts for YANGAROO: Matthew Caldecutt, Gina Preoteasa, Trylon SMR, (212) 725-2295, matthew@trylonsmr.com, gina@trylonsmr.com

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