VANCOUVER, Jan. 25 /CNW/ - Destiny Media Technologies Inc. ("Destiny")
(TSX-V:DSY) (OTCBB:DSNY), is pleased to announce that it has received
conditional approval from the TSX Venture Exchange for its Employee
Stock Purchase Plan (the "Plan"). Under the Plan, employees of Destiny
are able to contribute up to 5% of their annual salary into a pool
which is matched equally by Destiny. Independent directors are able to
contribute a maximum of $12,500 each for a combined maximum annual
purchase of $25,000. The maximum annual combined contributions will be
$400,000. Money in the pool will be used to purchase shares out of the
market on a biweekly basis. All purchases will be made through the
Exchange by a third party plan agent and no purchases will be made on
the OTC or German exchanges. The third party plan agent will also be
responsible for the administration of the Plan on behalf of Destiny and
the participants. The Plan is subject to shareholder approval at
Destiny's next AGM.
About Destiny Media Technologies
Destiny Media (http://www.dsny.com) is the developer of the Play MPE® system (http://www.plaympe.com) which the recording industry uses to securely distribute new
pre-release music through the internet to trusted recipients such as
radio, media and VIP's. Real time usage statistics are available at http://www.plaympe.com/v4/company/plaympestats.php and a product overview is available at http://www.dsny.com/pres/index.htm
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy and accuracy of this release.
SOURCE Destiny Media Technologies, Inc.
For further information:
CEO Destiny Media Technologies, Inc.
604 609 7736 x222