News, Good, news. I like the part that says several million $$$
Destiny Media Technologies Announces Exclusive UK Distribution Agreement
TUESDAY, JANUARY 09, 2001 9:03 AM
- BusinessWire
VANCOUVER, B.C., Jan 9, 2001 (BUSINESS WIRE) -- Destiny Media Technologies, Inc. (OTCBB: DSNY) is pleased to announce an exclusive agreement to distribute Clipstream(TM), Bannerstream(TM) and ClipstreamMail(TM) in the United Kingdom with DigiStream Limited.
This arrangement is another step forward in Destiny's international distribution efforts for their streaming and secure media distribution technologies.
This six-year agreement includes an up front fee in addition to royalty payments to Destiny. In order for DigiStream to maintain the exclusive UK rights to Destiny's products, DigiStream must generate minimum royalties to Destiny of several million dollars in the first three years of the agreement. Although the exclusive agreement is restricted to the UK, DigiStream will have the non-exclusive right to sell Destiny's Clipstream(TM) products into the rest of Europe.
"We're very excited about the enormous market potential in the United Kingdom," Says DigiStream Managing Director Simon Powell, "We see a long and prosperous relationship with Destiny. The UK is a hub for commerce in Europe and we see a tremendous opportunity to leverage our relationships in web advertising and with the major UK ISPs. We will also be targeting web designers, direct marketing companies and telecommunication companies in the UK and other parts of Europe."
Destiny VP Sales, Mark Toffoli comments, "Part of our strategy is to build beach heads in markets Destiny is not serving directly. We are confident that DigiStream will meet and exceed their targeted sales levels."
Destiny CEO Steve Vestergaard adds, "This European distribution agreement complements the Japanese agreement announced on January 4th and reflects Destiny's plan to make Clipstream(tm) a global product."
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) (http://www.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) (http://www.videoclipstream.com), a prototype technology for embedding streaming video into a web page or e-mail; and the RadioDestiny Broadcaster(TM) (http://www.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.
The Digistream team is made up of experienced professionals from media, new media, technology, marketing and finance spheres. Focus will be on platforms, proprietary technology and content delivery. Digistream will leverage their existing alliances with key technology and content providers to develop markets for the Destiny line of Playerless audio and video streaming technologies -- Clipstream. Digistream www.digistreamuk.com is a media and technology company formed to capitalize on the opportunities arising in the media and new media markets as traditional media delivery models alter radically to include digital delivery and new media tools.
"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
604/609-7736 ext. 224
ed@dsny.com
or
Investment Community:
Arni Johannson
Investor Relations
604/609-7736 ext. 239
arni@dsny.com
or
Digistream Limited
Simon Powell
Phone: 44 207 404 1043
digistreamuk@clipstream.com |
