TORONTO, June 26, 2012 /CNW/ - YANGAROO Inc. (TSX-V: YOO) (OTC: YOOIF), the industry's leading secure digital media distribution company, today announced that Anthony Miller, a director of YANGAROO since September 2010, has agreed to serve as the company's Chairman of the Board of Directors as of June 26, 2012. Clifford Hunt, who has served as Chairman until the present date, will continue to serve as a director, will take on the role of Vice Chairman, and will continue in his position as Chief Operating Officer.
"With Mr. Miller's appointment to Chairman, YANGAROO will now have an independent director acting as Chairman," said Gary Moss, President and Chief Executive Officer, YANGAROO Inc. "We believe this move will provide greater independent leadership on our Board and is in the best interests of our shareholders as we continue growing the company. In addition, Mr. Miller's extensive advertising industry experience will provide YANGAROO with strategic leadership in a key growth area."
Anthony Miller currently sits on YANGAROO's Audit Committee and Compensation Committee. He was Chairman Emeritus of MacLaren McCann, one of Canada's leading advertising and marketing communications companies. He previously served as Vice Chairman of the global parent, McCann Worldgroup, based in New York, and has held a number of senior positions in advertising agencies in both the United States and Canada for more than 40 years. Mr. Miller is a former chairman of the Canadian Institute of Communication and Advertising, a past chairman of the Young Presidents Organization (Ontario), and a member of the Chief Executive Organization. He also serves on the boards of Care Canada and Yellow Media.
"I am pleased to take on the position of Chairman, to reinforce YANGAROO's transformation to a broader service offering for both the music and advertising industry," said Tony Miller, Chairman, YANGAROO Inc. "Cliff and Gary have already established an excellent working partnership, which is increasingly reflected in the strengthening financial outlook. We now have a proven product that has been endorsed by internationally known brands such as Horizon Media, MTV Networks, and The GRAMMYS. I see solid growth potential, in all areas, and especially in the advertising field and will do my best to help them monetize this opportunity."
"As Co-founder of YANGAROO, it has been my pleasure to serve as Chairman of the Board for the past 13 years, and I am thankful for the unwavering support I have received from the Board and our shareholders," said Cliff Hunt, Vice Chairman and Chief Operating Officer, YANGAROO Inc. "I fully support Tony's appointment as Chairman, and look forward to the experience and the leadership he can bring to this company as we focus our efforts on the Advertising space and the opportunities that are there for this company."
YANGAROO is a company dedicated to digital media management. YANGAROO's patented Digital Media Distribution System (DMDS) is a leading secure B2B digital cloud based solution focused on the music and advertising industries. The DMDS solution provides more accountable, effective, and far less costly digital management of broadcast quality media via the Internet. It replaces the physical, satellite and closed network distribution and management of audio and video content, for music, music videos, and advertising to television, radio, media, retailers, and other authorized recipients. The YANGAROO Awards platform powers many of 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.
For further information:
please contact Gary Moss at 416-534-0607 ext.111 or visit www.yangaroo.com.