TORONTO, Aug. 25 /CNW/ - YANGAROO Inc. (TSX-V: YOO, OTC: YOOIF), the industry's leading secure digital media distribution company, reported that The United States District Court for the Eastern District of Wisconsin denied a motion by Destiny Media Technologies Inc. (OTCBB:DSNY) ("Destiny") for attorney's fees, noting that Destiny had failed to prove that YANGAROO's case was unjustified or brought in bad faith. The Court held that Destiny had failed to prove that YANGAROO's case was unjustified or brought in bad faith because Destiny's own press releases provided sufficient information to create a belief that its servers could be located in the United States. The Court stated that the speed with which YANGAROO proceeded through this litigation undermined Destiny's assertion that YANGAROO was attempting to delay its resolution. YANGAROO agreed to proceed under the Fast Track procedure, agreed to limited discovery, and agreed to submit briefs on a single issue, and did not ask the Court for a single extension of time during the litigation. Finally, the Court noted that YANGAROO's claim was not precluded by existing law and, therefore, disagreed with Destiny's contention that the suit was baseless. YANGAROO has always believed, and continues to believe, that its claim against Destiny is meritorious.
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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