YANGAROO (formerly Musicrypt) reports first half revenues up 27%



    US Deliveries Increase Over 500%

    TORONTO, Aug. 17 /CNW/ - YANGAROO Inc. (TSX-V: YOO, OTC: YOOIF), the
industry's leading secure digital media distribution company, today announced
its results for the first half ended June 30, 2007. The growth that YANGAROO
experienced through 2006 continued into the first six months of 2007. Revenues
(which exclude interest income) for the six month period ended June 30, 2007
were 27% higher than revenues for the first half of 2006. The loss for the
same period increased 6%.
    YANGAROO's US market presence also accelerated through the first half, as
the number of deliveries made via DMDS in the US rose to 532,000, over five
times those made in the first half of 2006. At the end of the second quarter
of 2007, YANGAROO's DMDS was the de-facto standard for B2B (business to
business) digital delivery of new music files for the record and radio
industry in Canada. No competitor's system was in commercial use at any major
record label in Canada to date in 2007. EMI, Sony BMG, Universal and Warner in
Canada were all using DMDS commercially and the adoption of DMDS within the
fast growing independent music sector was expanding.
    YANGAROO has now commenced billable deliveries of advertising for the
Gary Group and Universal Music Group of Los Angeles. In the UK, YANGAROO's
partner Adstream has commenced billable deliveries of music.
    "The growth in North American music delivery revenues combined with the
commencement of both advertising delivery and UK music delivery revenues are
very encouraging," said YANGAROO President & CEO John Heaven. "Further, the
recent progress with the examination of our pending US patent also bolsters
our optimism."

    
    Summary of operating results for the six months and quarter ended
June 30 2007 ($Cdn):

                                     Six Months               Quarter
                                     ----------               -------
                                  2007        2006        2007        2006
                              ----------- ----------- ----------- -----------

    Revenue                      253,448     199,236     130,640     111,488
    Interest income              132,198       6,127      71,715       3,502
    EBITDA                    (1,137,368)   (988,420)   (625,651)   (505,798)
    Net loss for the period   (1,161,255) (1,099,868)   (632,562)   (569,753)
    Loss per share
     (basic & diluted)             (0.02)      (0.04)      (0.01)      (0.02)
    

    The full text of the financial statements and Management Discussion &
Analysis is available at www.yangaroo.com and at www.sedar.com.

    YANGAROO's DMDS has delivered over 9,000 songs from more than 500 record
labels to destinations which include radio stations representing over 35 US
broadcast chains such as CBS/Infinity, Citadel, Clear Channel, Cox, Cumulus,
Emmis, EntreVision, Entercom, Federated Media, Sirius, Journal, DMX, Jones
Radio, AOL, Music Choice, Radio One, Salem Communications, Univision, Westwood
One, Regent, Premiere Radio, Next Media, XM Satellite Radio, Waitt Media and
many others. DMDS is the only system that can deliver music across the US,
Canada and the UK.

    About YANGAROO:

    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 trades on the TSX Venture
Exchange (TSX-V) under the symbol YOO and in the U.S. under OTCBB:YOOIF. For
more information on YANGAROO, 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.

    %SEDAR: 00018809E




For further information:

For further information: PR Contact for YANGAROO: Sarah Miller, Axis
Marketing & PR, 139 S. Beverly Drive, Suite 203, Beverly Hills, CA, 90212,
Tel: (310) 276-2220, smiller@axismarketingpr.com

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