TORONTO, Jan. 15 /CNW/ - YANGAROO Inc., (TSX-V: YOO, OTCBB: YOOIF) the
industry's leading secure digital media distribution company, is pleased to
announce that Richard Klosa has been appointed Chief Technology Officer (CTO)
effective immediately. Wojtek Hoch is leaving the position of Vice President
Technology after five years with the company to pursue other opportunities.
Richard Klosa brings more than a decade of technology development and
management experience as an entrepreneur and digital media innovator to the
YANGAROO team. In his previous role as Chief Technology Officer and Co-Founder
of J!VE Media Technologies Inc., Richard led his team to a 2002 Canadian New
Media Award for 'Most Promising Company' and recognition from the Branham
Group as one of the Top 25 Up and Comers. Richard led the development of one
of the first enterprise level digital rights and content syndication systems
for digital media assets through decentralized and peer based networks and
authored a definitive book on the subject entitled "Building A Working Revenue
Model For The Digital Distribution Of Copyrighted Media" (1999).
More recently, as the Vice President of Technology at Cubic Health Inc.,
Richard architected and led the development of the 'Cubic Health Canadian Drug
Database(TM)', a comprehensive reporting and analytics system designed to aid
Canadian employers in managing their prescription drug benefit. Over the past
four years, Richard has also focused on several leading edge proof-of-concept
development projects, including an MPEG-4 based Micro-Payment client/server
application, an Open Media Distribution Server, and an Automated Media
Cataloging & Tracking solution utilizing the MPEG-7 framework. Richard
graduated from Ryerson University's Radio & Television arts program with an
Honours B.A.A. and is a certified PMP and Solutions Developer. Richard is a
highly regarded technologist whose thoughts and opinions are sought for
multiple TV shows (ROB TV, Media TV, CP24), newspaper articles, and online
"We are thrilled to have someone with Richard's broad based and relevant
experiences join our team. Richard has a thorough understanding of the
technology requirements and complexities involved in the distribution of
music, video, television and other large content via the internet and we
expect his capabilities will bring significant value to YANGAROO," said John
Heaven, President and CEO of YANGAROO Inc. "Wojtek Hoch has made a significant
contribution to YANGAROO's development and we wish him continued success in
his future endeavours."
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 musical recordings
and advertising to radio, media, retailers and other authorized recipients
with more accountable, effective and far less costly digital delivery of
broadcast quality media via the Internet.
YANGAROO's DMDS has made over four million deliveries of over 11,000
songs from more than 500 record labels to destinations which include radio
stations representing over 35 US broadcast chains. DMDS is the only system
that can digitally deliver music across the U.S., Canada and the UK.
YANGAROO has offices in Toronto, New York, Los Angeles, and London, UK.
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.
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