DSNY had news today scouser,
Destiny Announces Major MPE Strategic Alliances With SolutionsAmerica
and ipingpong
VANCOUVER, B.C.--(BUSINESS WIRE)--Jan. 2, 2001--Destiny (OTCBB:DSNY - news)
Alliances Strengthen Destiny's Digital Media Distribution Platform
Destiny Media Technologies, Inc. (OTCBB:DSNY - news) is pleased to announce the formation of strategic alliances with two key partners.
SolutionsAmerica Inc. and ipingpong Inc., will further develop Destiny's MPE(TM) secure media distribution system into a complete end-to-end solution for the
distribution, purchase, tracking and database management of digital media. SolutionsAmerica will provide the high volume, scalable, transaction-processing backend
for the MPE(TM) system while ipingpong will provide a distribution network for trading MPE(TM) files.
MPE(TM) is Destiny's patent pending, complete, and secure media distribution system, with built-in e-commerce, digital rights management, super distribution
capabilities and multi media visual display, including album cover art and artist information. It combines a DRM solution with an e-commerce system and
clearinghouse function, wrapped up in a secure and accessible delivery system.
MPE(TM) files do not require an external player or any other lengthy downloads or installs, as each file contains an embedded media player. MPE(TM) works on
both PC and Mac platforms, and is a much richer and more powerful marketing tool than any other secure distribution system on the market today.
SolutionsAmerica, based in Culver City, California, is an e-commerce value chain syndicator and digital business process integrator, which offers technological and
operating solutions to e-commerce challenges including, but not limited to, web enabling the digital business process. This alliance allows Destiny to provide their
clients with SolutionsAmerica's scalable digital rights and database management system and related processing services. It provides SolutionsAmerica's clients with
the capability of secure digital content distribution through Destiny's MPE(TM) wrapper technology. Both parties shall market this platform to their respective client
bases and target markets and will share in the revenue generated. SolutionsAmerica has also retained the right to resell other Destiny products such as
Clipstream(TM) and Videoclipstream(TM).
Steve Vestergaard, Destiny's CEO, commented, ``SolutionsAmerica has built world class ecommerce solutions. This alliance helps position MPE(TM) as a first
class digital media distribution system and helps us deliver large scale financial transaction processing at a fraction of standard industry costs.''
Destiny and ipingpong, the New York-based online digital music delivery application service provider, have formed a strategic alliance, bolstering ipingpong's leading
copyright-compliant, global super-distribution network. ipingpong CEO Wanita Burnett and Destiny CEO Steve Vestergaard announced today that ipingpong has
gained a worldwide license to integrate Destiny's secure, tradable MPE(TM) files and their inherent digital rights management (DRM) into its online digital music
trading network. Through this alliance, ipingpong will offer a complete and flexible, secure DRM solution to its content partners. Destiny Media Technology will
jointly work with ipingpong to insure the integrity of their secure music distribution services within the ipingpong trading network.
``Efficient digital rights management is the key to developing a viable online music distribution network,'' said COO Kim Schinnerer. ``Our ability to deliver
copyright-protected digital music to end-users, coupled with our unique incentive-based business model, encourages the super distribution of content on ipingpong's
peer-to-peer trading network. Integrating Destiny's suite of DRM tools into ipingpong's platform provides us with a key encryption option in the digital delivery and
trading application we provide to our customers.''
``We are very pleased to be working with a company as innovative as ipingpong,'' states Destiny CEO Steve Vestergaard. ``The patent pending MPE(TM) system
is the only digital rights technology that works seamlessly with a peer-to-peer network. Because the file is self-executing and viral in nature, a consumer can easily
pass it on to a friend. ipingpong is a logical partner for us''
Over the next four years, analysts predict that online music spending will generate more than $5 billion* in revenue, fueled by over 60 million** online music buyers.
Sources: *Jupiter & Forrester Research, **Jupiter Research
About Destiny Media Technologies
Destiny Media Technologies, Inc. (http://www.dsny.com) is a leader in developing easy to use tools and enabling technologies to distribute digital media through the
Internet. The company's suite of streaming and downloadable products includes: MPE(TM) (http://www.destinympe.com), a complete, secure media distribution
system that provides e-commerce and digital rights management directly from within an MP3-compatible multimedia file; Clipstream(TM) clipstream.com
a java-based tool which enables web pages, e-mail and banners to stream audio without the use of a player; Video Clipstream(TM)
videoclipstream.com is Destiny's proprietary technology for embedding streaming video into a web page or e-mail; and the RadioDestiny
Broadcaster(TM) radiodestiny.com, which allows a user to webcast live or scripted internet radio from a computer to anyone on the Internet.
Established in 1991, the company is headquartered in Vancouver, Canada.
About SolutionsAmerica
SolutionsAmerica ( solutionsamerica.com ) is an e-commerce value chain syndicator and digital business processor. SolutionsAmerica offers
technological and operating solutions to e-commerce challenges including but not limited to web enabling the digital business process. SolutionsAmerica provides
database development, integration, payment processing, an accounts receivable and inventory financing platform and archiving. The Company also provides financial
and marketing services. SolutionsAmerica intends to focus on the healthcare, entertainment and sports, professional and trade associations, political and charitable
marketplaces. SolutionsAmerica provides its clients with an extensive portfolio of services through its proprietary technologies, strategic alliances and corporate
divisions: LesConcierges lesconcierges.com, a world leader in corporate concierges services and OneStop.com, SolutionsAmerica's transaction portal
management system.
About ipingpong
ipingpong, (http://www.ipingpong.com ) founded in February 2000, is an online digital music delivery ASP that has developed a copyright-compliant suite of Internet
tools for the purchase, storage and trading of digital music online. The company's proprietary purchase and trading engines enable any consumer web site to offer
digital music to its users, while preserving the artist's copyrights and the label's revenue stream. To extend the application's reach beyond individual users, ipingpong
has also developed a unique incentive plan to encourage users to trade music within the ipingpong environment. The ipingpong application, which enables consumers
to interact with their digital music collection from any location via any web-enabled device, including wireless, easily plugs into the back end of any web site. With
ipingpong, small or mid-size sites can offer digital music content to their users without the need for complex, costly, and confusing integration procedures. ipingpong's
relationships with major labels, digital rights management providers, and financial clearing services make this legal distribution of content possible.
``Safe Harbor'' statement under the Private Securities Litigation Reform Act of 1995: This release contains forward looking statements that are subject to risks and
uncertainties, including, but not limited to, the impact of competitive products and pricing, product demand and market acceptance, new product development,
reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time
in the Company's filings with the Securities and Exchange Commission.
Contact:
Destiny Media Technologies, Inc.
Media:
Ed Kolic
Chief Operating Officer
604/609-7736 ext. 24
ed@dsny.com
or
Solutions America, Inc.
Caroline Rothwell
310/665-7601
crothwell@solutionsamerica.com
or
ipingpong Inc.
Beverly Visty
310/571-6030
dharmata@altour.com
or
Investment Community:
Arni Johannson
Investor Relations
604/609-7736 ext. 239
arni@dsny.com |
