TORONTO, Nov. 25, 2011 /CNW/ - YANGAROO Inc. (TSX-V: YOO, OTCBB: YOOIF), the industry's leading secure digital
media distribution company announces that it is rescheduling its Annual
General Meeting from November 30, 2011 to January 11, 2012 in order to
provide shareholders with the opportunity to consider a possible share
YANGAROO's Board of Directors is proposing that the common shares of
YANGAROO be consolidated on a 10:1 basis.
"2011 has been a significant year for YANGAROO as evidenced by
continuous growth in its quarter over quarter results beginning in the
fourth quarter of last year and accelerating throughout the year," said
Scott Wambolt, President and CEO of YANGAROO Inc. "The proposed
consolidation is one of several steps we believe will position the
company positively for the year to come."
The meeting has been rescheduled for Wednesday, January 11, 2012, at
4:00 PM (EST), to be held at YANGAROO's office at 18 Mowat Avenue,
Toronto, Ontario, M6K 3E8. Updated meeting materials will be sent to
shareholders shortly providing further information on the proposed
consolidation, which remains subject to shareholder and regulatory
approval, including that of the TSX Venture Exchange.
YANGAROO's patented Digital Media Distribution System (DMDS) is a
leading secure B2B digital delivery solution for the music and
advertising industries. DMDS replaces the physical distribution of
audio and video content for music, music videos, and advertising to
television, radio, media, retailers, and other authorized recipients
with more accountable, effective, and far less costly digital delivery
of broadcast quality media via the Internet. The DMDS Awards platform
powers many of the North America's major awards shows.
Named one of Canada's Top 100 Tech Companies by Canadian Business,
YANGAROO has offices in Toronto, New York, Los Angeles, and Dallas.
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.
SOURCE YANGAROO Inc.
For further information:
please contact Scott Wambolt at 416-534-0607 ext.111 or visit www.yangaroo.com