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To: jeffrey rainey who wrote (1169)11/10/1999 1:22:00 PM
From: diddlysquatz  Respond to of 1177
 
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.



To: jeffrey rainey who wrote (1169)11/24/1999 10:07:00 AM
From: diddlysquatz  Read Replies (1) | Respond to of 1177
 
MDTV ANNOUNCES FINANCING OF UP TO $57 MILLION

Richmond, British Columbia - MDU Communications Inc. ("MDU"), (OTCBB - MDTV) the Canadian operating subsidiary of MDU Communications International, Inc. (the "Company"), has signed an agreement in principle with MerBanco Capital to enter into a long-term "subscriber acquisition cost" lease financing program. The parties hope to finalize a formal agreement as soon as possible. The agreement in principle is contingent upon the legal documentation being put in place reflecting the final terms and conditions agreed upon by the parties.

William H. Molle, of MerBanco Capital and Gary J. Monaghan, President of MDU Communications Inc. said "MDU and MerBanco have worked diligently in preparing this agreement in principle and look forward to achieving the earliest possible closing date."

The agreement between the parties is for the provision of up to $57 million in financing to be used to fund the majority of MDU's "subscriber acquisition costs" over the next 4 to 5 year period. In addition to providing financing for future subscriber acquisitions, under the terms of the agreement, MerBanco Capital will purchase and lease back digital satellite equipment MDU currently has installed and operating with subscribers for approximately $1.5 million. This will free up $1.5 million in capital to be used, in part, for deployment to the current 250 building backlog, representing potentially 30,000 subscribers, waiting for MDU's Star Choice digital satellite television service.

"This proposed financing is very exciting news as it will give us the ability to ramp up our sales and installations without being held back by funding requirements." explains Sheldon Nelson, Chief Executive Officer of MDU. Furthermore, Mr. Nelson commented that "This financing is ideal as it puts us in a very strong position for accelerated penetration in our market without the shareholder dilution generally associated with equity financing."

The Company's filings, including current financial reports, can be accessed through the EDGAR database at www.sec.gov. If you have any questions or require more information, please visit our web site at www.MDUC.com or contact Investor Relations at 1-800-794-9076 or investor@mduc.com.

On behalf of the directors:

signed "Sheldon Nelson"
Sheldon Nelson, Director Corporate Headquarters
108 - 11951 Hammersmith Way
Richmond, BC, Canada,
V7A 5H9

www.mduc.com Investor Relations:
Tel: (604) 277-8152
Fax: (604) 277-8301 (800) 794-9076

investor@mduc.com

"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.



To: jeffrey rainey who wrote (1169)12/6/1999 2:56:00 PM
From: jeffrey rainey  Respond to of 1177
 
Entertainment Boulevard to Sponsor the First in the OnStage Series
that Combines Concerts and Custom Music Products

NEW YORK, Dec. 6 /PRNewswire/ -- Music Choice, the world's largest
provider of commercial-free digital music, today announced that the first in
its Music Choice OnStage series for 2000 will feature Mary Chapin Carpenter.
Entertainment Boulevard (OTC Bulletin Board: EBLD), host of
entertainment-oriented streaming content programming through its Web site at
entertainmentblvd.com, has signed as the sponsor of the premiere
program.
As part of the upcoming OnStage series, Mary Chapin Carpenter will perform
live at the 9:30 club in Washington D.C. on December 7th. The concert will be
webcast live and available on the Music Choice Web site
(http://www.musicchoice.com), the Web site of Sony Music, Carpenter's label
and on Entertainment Boulevard's site. The subsequent video broadcast of the
concert will air from December 19, 1999 through January 22, 2000 in cable
systems across the U.S. In addition, two exclusive audio programs will air on
the Music Choice service in December and January. Entertainment Boulevard
will be cited as the sponsor on all related programs.
"Sponsorship of Music Choice OnStage will enable us to promote the
benefits of our online site to millions of music fans," said Stephen Brown,
President and CEO of Entertainment Boulevard. "The music event tied to the
unique combination of video, audio, and online promotional elements is
perfectly suited to our overall entertainment branding message."

The multi-level promotional package that Music Choice produces for
consumer brands includes any combination of the following:
-- NEW -- Music Choice OnStage programming sponsorship of video broadcast
of major artist concert reaching 15 million homes via cable
-- Sponsorship of customized audio music show broadcast reaching more than
10 million Music Choice subscribers
-- Customized online streaming audio Music Choice channel accessible via
the sponsor's Web site and musicchoice.com
-- Online digital downloads and webcasts
-- Online marketing of sponsored events including emails and banner ads

"There's no other company out there that offers a turnkey multi-media
music promotional program like Music Choice," explains Dave Del Beccaro,
President and CEO of Music Choice. "The addition of Music Choice OnStage to
our sponsorship package provides companies with another great tool to extend
their brand using music to a widespread yet targeted audience."
Recently, Music Choice proved the effectiveness of this type of
promotional package when Arista Records sponsored a video broadcast of a Kenny
G concert performance along with two custom audio shows. In addition, Music
Choice promoted the show on its Showcase I channel and with banner ads and
targeted emails. The video broadcast earned Nielsen ratings as high as 4.0 in
New York City and Philadelphia areas and the multi-level model helped Arista
reach several different audiences and drove new sales of Kenny G's album.
Incremental audiences and product sales are two of the major benefits for
companies that utilize Music Choice promotional packages.
Senior vice president of Arista Records, Ken Levy lauded the introduction
of the Music Choice OnStage package, "I believe in the power of a Music Choice
promotional package. I have no doubt the program Arista did with Music Choice
is one of the reasons why the Kenny G album Classics in the Key of G went
platinum."
MUSIC CHOICE -- the world's first digital audio service-provides cable,
satellite, telephone and Internet customers with CD quality music 24 hours a
day. Music Choice has 12 million customers worldwide. Headquartered in
Horsham, PA, Music Choice is a partnership between General Instrument
Corporation, subsidiaries of Sony Corporation of America, Warner Music Group,
Inc., EMI Music and several leading US cable providers: Adelphia Cable
Communications, Comcast Cable Communications, MediaOne, Cox Communications and
Time Warner Cable. MUSIC CHOICE is a registered trademark of Music Choice.
Visit the MUSIC CHOICE Web site at musicchoice.com.
Entertainment Boulevard, Inc., entertainmentblvd.com, is one of
the leading providers of streaming entertainment-related media on the
Internet. Among the firm's award-winning Web sites is one of the most
comprehensive interactive music video channels on the Web. Entertainment
Boulevard's music site has rapidly become a premier music destination site on
the Internet. The firm's mandate of Internet global expansion includes
launching current and future Web sites under the umbrella of
EntertainmentBlvd.com. Based in Los Angeles, Entertainment Boulevard
continues to aggressively develop and implement strategic alliances with key
commerce and entertainment companies, broadening its presence worldwide.

Forward-looking statements in this press release are made pursuant to the
"Safe Harbor" provisions of the Private Securities Litigation Reform Act of
1995. Investors are cautioned that such forward-looking statements involve
risks and uncertainties, including, without limitation, the continued
popularity of the Company's websites and product orders stemming there from,
increased levels of competition, technological change, dependence upon third
party suppliers, and other risks.

SOURCE Music Choice
-0- 12/06/1999
/CONTACT: Kerry Driver, kerry@middleberg.com, or David Friedman,
davidf@middleberg.com, both of Middleberg + Associates, 212-888-6610, for
Music Choice; or Kim Winnick of Music Choice, 215-784-5854,
kwinnick@musicchoice.com/
/Web site: musicchoice.com
entertainmentblvd.com
(EBLD)