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To: Pete who wrote (57)	11/10/1999 1:24:00 PM
From: diddlysquatz	Respond to of 58

Euro Industries Announces Symbol and Name Change to Reflect New Focus On Streaming Audio, MP3 Music Distribution and Internet Radio VANCOUVER, B.C.--(BUSINESS WIRE)--Nov. 9, 1999--Euro Industries Ltd. (Pink Sheets:DSNY) is pleased to announce that it has changed its name to Destiny Media Technologies Inc. to reflect the recent purchase of Destiny Software Productions Inc. Pursuant to a special meeting of shareholders on Oct. 12,1999 the symbol has been changed to DSNY. ``The name change comes in time for the new millennium and is a reaction to the changing nature of the company,' explains Destiny president, Steve Vestergaard. Destiny Software is developing two internet brands. The first, the RadioDestiny Broadcast Network (http://www.radiodestiny.com) features internet radio broadcasting software based on Destiny's proprietary compression and streaming technology. The Destiny Media Player(TM) plays RadioDestiny stations and music in a variety of formats, including MP3. Destiny is building a digital music distribution system into the RadioDestiny Broadcast Network(TM). The second brand is StreamingAudio.com (http://www.streamingaudio.com). Streamingaudio.com will feature a variety of streaming audio tools including an internet phone, audio based chat and a java based technology for adding streaming audio to a web page. The JavaClip(TM) player is available at javaclip.com. The company also announces the appointment of Greg Foisy and Howard Louie to the board of directors of Destiny. Foisy is currently with Informix (Nasdaq:IFMX - news). Informix specializes in advanced technologies that help enterprises worldwide, primarily Global 1000 and government organizations, to maximize their data to gain strategic business advantages, run global businesses, and generate additional revenue through advanced analytics and Web channels. Foisy was also a founder of Red Brick Systems in Canada, which was recently acquired by Informix. In the past, he has worked at Apollo Computer (the workstation division of Hewlett Packard, NYSE:HWP) and Interactive Development Environments (a software company specializing in development tools). Howard Louie has served as director of several public companies during the past 18 years and has been active in providing management expertise and financing which collectively exceed $150 million Cdn. for private and public companies, with projects local and international. Louie has been instrumental in the restructuring process and advises on mergers and acquisition transactions of private and public companies. Louie is the former president and director of Unimet Capital Corp. Unimet Capital is a private investment group providing advisory services in corporate finance for both public and private corporations. From 1994 to 1997, he served as president and a director of Gr. Unimet Financial Corp., a joint venture between Unimet Capital Corp. and Grand Resources Group Joint, a financial institution based in Hong Kong. Destiny is also pleased to announce shareholder approval of an employee option program. 80,000 share purchase options were approved at US$2.50 and 720,000 at US$3.00. 250,000 options will vest at 5.5% per month. The remainder will vest at 4% per month. Destiny Media Technologies, Inc. also announces the successful completion of the financing announced June 16th, 1999. The company completed a private placement of 617,000 shares at a price of $1.86 Cdn. for total proceeds of $1,100,000 Cdn. Including this placement the company will have 7,167,000 shares outstanding. ``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.