Canadian Deliveries Increase 120%; Number of Songs Delivered Tops 21,000
TORONTO, Jan. 29 /CNW/ - YANGAROO Inc., (TSX-V: YOO, OTCBB: YOOIF) the
industry's leading secure digital media distribution company, is pleased to
announce that 2008 was a record year for the company on many fronts.
Deliveries made in the United States by YANGAROO's patented Digital Media
Distribution System (DMDS) during 2008 surpassed two million, a jump of 60%
over 2007. Canadian deliveries continued to grow at a remarkable rate, more
than doubling with an increase of 120% over the previous year. The number of
songs delivered by DMDS to radio, press, and other destinations grew by 90% to
21,000 in 2008. This growth is a result of increased usage by major and
independent record labels, as well as the addition of new radio destinations
and the expansion of deliveries to other destinations such as newspapers,
magazines, and other media outlets.
"The growth in usage of DMDS during 2008 was quite remarkable, especially
in light of the economic downturn in the year," said John Heaven, President
and CEO of YANGAROO Inc. "During periods of financial stress, organizations
search for better and more efficient ways to do things, and DMDS is the
obvious solution for the music industry. In 2008 the U.S. and Canadian music
markets continued their escalating adoption of DMDS, and in 2009 we expect to
further monetize this growing usage. With the impending launch of our new
generation of DMDS 5.0 software and the allowance of our U.S. patent, we fully
expect this growth to continue at an accelerated rate."
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 six million deliveries of over 21,000 songs
from more than 600 record labels to destinations which include radio stations
representing over 35 US broadcast chains. U.S. record labels made over 2
million deliveries of songs via DMDS in 2008. 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.
For further information:
For further information: Matthew Caldecutt, Gina Preoteasa, Trylon SMR,
(212) 725-2295, email@example.com, firstname.lastname@example.org