Destiny Media Preliminary Results Show Q4 Revenue Growth of Over 75% Over Prior Year and Doubling of Profit Before Taxes From Prior Quarter

VANCOUVER, British Columbia, Oct. 14 /PRNewswire-FirstCall/ -- Destiny Media Technologies (OTC Bulletin Board: DSNY - News) today provided preliminary results for its fourth quarter ended August 31, 2009. Audited fiscal 2009 financials are expected to be available in late November. Company CEO, Steve Vestergaard comments on the unofficial results, "Our revenues have improved in eleven of the last twelve quarters, with a 43% quarter over quarter jump in Q3 and at least 29% in Q4. The company is confident that revenue and EBITDA will continue to grow into Q1-2010 by at least 15% and 30% respectively. We expect this trend of earnings growth to continue into the foreseeable future. Play MPE® system access fees have increased in 15 of the last 16 quarters and we expect to continue to add to our stable base of recurring contracted billings as existing customers increase their usage and we continue to expand into new territories."Based on preliminary Q4 financial information, Destiny believes it will achieve fourth quarter fiscal 2009 revenue between $860,000 and $875,000 representing an increase of 75% to 77% over the same quarter in the previous year (or 29% to 31% over the previous quarter). The company believes it will achieve EBITDA of between $275,000 and $290,000 for the quarter.About Destiny Media TechnologiesDestiny Media (...
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Destiny Media Responds to Press Release from Canadian Competitor

VANCOUVER, Sept. 21 /PRNewswire-FirstCall/ -- Destiny Media Technologies, Inc. (OTC Bulletin Board: DSNY - News) announces that it has filed a statement of defense and counterclaim against Yangaroo (YOO-TSX, Pink Sheets: YOOIF) in the U.S. patent infringement lawsuit brought by Yangaroo. Destiny believes that Yangaroo's case in the U.S. is without merit and will oppose it vigorously. Destiny believes that Yangaroo's press releases are exaggerated, and to imply that it has won an "injunction case" when the court has not issued an injunction is misleading. The case has just begun and there is no motion for a preliminary injunction before the court. Amongst Destiny's several defenses are that Destiny's system simply does not operate the same way that Yangaroo's patent claims call for and that Destiny's technology dates back to well over a year prior to their patent filing dates. Destiny also believes that bringing this case is highly improper as the relevant Destiny computer systems reside outside the borders of the U.S.. It appears that the case was brought despite the fact that Yangaroo was aware of this as a result of the related Canadian litigation. If Destiny prevails, it will seek its costs in this litigation from Yangaroo.About Destiny Media TechnologiesDestiny (www.dsny.com) is a software development...
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Apple Approves Play MPE(R) iPhone App - Now Available on iTunes

VANCOUVER, British Columbia, Sept. 17 /PRNewswire-FirstCall/ -- Play MPE® from Destiny Media (OTC Bulletin Board: DSNY - News) is pleased to announce that recording industry professionals can now securely access new music directly from their iPhone or iPod Touch. A new player application was approved by Apple for inclusion in the Apple App store and is available for immediate download through iTunes or from http://www.plaympe.com/iphone By providing secure portable access to new music by industry professionals, this new iPhone App is expected to make it easier to access music any time and anywhere, providing greater value to both labels and recipients.Company CEO, Steve Vestergaard explains the importance of the continued development of new tools for the industry. "Our best ideas for new products come from our own Play MPE® members and mobile access has been a common request. We expect this new tool will increase both new user registrations and music download rates, helping to accelerate the complete transition from physical to secure digital distribution of pre-release music."About Play MPE®Play MPE® is the world's largest secure digital distributer of pre-release music used by record labels to transfer music, broadcast quality videos, full length concerts, radio shows ...
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Destiny Announces Play MPE(R) iPhone Music Player App for Recording Industry Professionals

VANCOUVER, British Columbia, Aug. 31 /PRNewswire/ -- Destiny Media is pleased to announce that recording industry professionals who are registered to receive pre-release music will soon be able to access the newest tracks from their iPhone or iPod Touch. The completed player application was submitted to Apple for inclusion in the Apple App store on May 9 and approval is expected imminently. Users can find the latest information on availability at http://www.plaympe.com/iphone/ With versions for 24 different languages, the Play MPE® system is the global standard for labels to distribute new pre-release music to trusted recipients including radio, music reviewers, VIP's, DJ's, buyers, etc. securely through the internet before it is made available for sale. The system features the ability for labels to encode their own releases and manage their own recipient lists while ensuring that content will only play on computers that are authorized. Copies are watermarked using proprietary Destiny technology, making it possible for labels to trace illegal leaks back to the original recipient.The private Play MPE® network currently has 31,500 industry professionals from six continents registered to receive exclusive content from over 1,000 record labels. 158,000 tracks are available for high speed download in superior HD audio and recipients are able to download broadcast quality music videos, album cover artwork, promotional information and meta data, which can be exported seamlessly into radio automation systems. iPhone and iPod Touch users can seamlessly export into their iTunes library.More information on the Play MPE® glob...
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DESTINY MEDIA TECHNOLOGIES INC Financials

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DESTINY MEDIA TECHNOLOGIES INC Files SEC form 10-Q, Quarterly Report

Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION FORWARD LOOKING STATEMENTS The following discussion should be read in conjunction with the accompanying financial statements and notes thereto included within this Quarterly Report on Form 10-Q. In addition to historical information, the information in this discussion contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements involve risks and uncertainties, including statements regarding the Company's capital needs, business strategy and expectations. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "will", "should", "expect", "plan", "intend", "anticipate", "believe", estimate", "predict", "potential" or "continue", the negative of such terms or other comparable terminology. Actual events or results may differ materially. In evaluating these statements, you should consider various factors described in this Quarterly Report, including the risk factors accompanying this Quarterly Report, and, from time to time, in other reports the Company files with the Securities and Exchange Commission. These factors may cause the Company's actual results to differ materially from any forward-looking statement. The Company disclaims any obligation to publicly update these statements, or disclose any difference between its actual results and those reflected in these statements. The information constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. OVERVIEW AND CORPORATE BACKGROUND Destiny Media Technologies Inc. ("De...
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DESTINY MEDIA TECHNOLOGIES INC Files SEC form 10-Q, Quarterly Report

Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION FORWARD LOOKING STATEMENTS The following discussion should be read in conjunction with the accompanying financial statements and notes thereto included within this Quarterly Report on Form 10-Q. In addition to historical information, the information in this discussion contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements involve risks and uncertainties, including statements regarding the Company's capital needs, business strategy and expectations. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "will", "should", "expect", "plan", "intend", "anticipate", "believe", estimate", "predict", "potential" or "continue", the negative of such terms or other comparable terminology. Actual events or results may differ materially. In evaluating these statements, you should consider various factors described in this Quarterly Report, including the risk factors accompanying this Quarterly Report, and, from time to time, in other reports the Company files with the Securities and Exchange Commission. These factors may cause the Company's actual results to differ materially from any forward-looking statement. The Company disclaims any obligation to publicly update these statements, or disclose any difference between its actual results and those reflected in these statements. The information constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. OVERVIEW AND CORPORATE BACKGROUND Destiny Media Technologies Inc. ("De...
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DESTINY MEDIA TECHNOLOGIES INC Files SEC form 10-Q, Quarterly Report

Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION FORWARD LOOKING STATEMENTS The following discussion should be read in conjunction with the accompanying financial statements and notes thereto included within this Quarterly Report on Form 10-Q. In addition to historical information, the information in this discussion contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements involve risks and uncertainties, including statements regarding the Company's capital needs, business strategy and expectations. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "will", "should", "expect", "plan", "intend", "anticipate", "believe", estimate", "predict", "potential" or "continue", the negative of such terms or other comparable terminology. Actual events or results may differ materially. In evaluating these statements, you should consider various factors described in this Quarterly Report, including the risk factors accompanying this Quarterly Report, and, from time to time, in other reports the Company files with the Securities and Exchange Commission. These factors may cause the Company's actual results to differ materially from any forward-looking statement. The Company disclaims any obligation to publicly update these statements, or disclose any difference between its actual results and those reflected in these statements. The information constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. OVERVIEW AND CORPORATE BACKGROUND Destiny Media Technologies Inc. ("De...
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