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Technology Stocks : Destiny Software (DSNY) -- Ignore unavailable to you. Want to Upgrade?


To: mad_capper who wrote (125)1/21/2000 11:13:00 AM
From: scouser  Read Replies (1) | Respond to of 369
 
NEWS out on Destiny- Fantastic deal with the largest real estate organisation in the USA and Canada. I can just imagine the revenue this deal brings.

Friday January 21, 9:04 am Eastern Time

Company Press Release

Destiny Grants Exclusive License to Embed Streaming Audio in Real Estate
Web Sites

VANCOUVER, British Columbia--(BUSINESS WIRE)--Jan. 21, 2000--

Clipstream -- Destiny's new Java-based streaming
audio technology allows users to view properties while listening to

voice over descriptions; Plug-in free audio streaming solution provides a simple and easy to use experience for real
estate shoppers

Destiny Media Technologies, Ltd (Pink Sheets:DSNYD) announced today the granting of an exclusive license for the use
of Clipstream(TM) (http://www.clipstream.com ) for the North American real estate Web site market to Transmeridian
Communications, Inc., owner and operator of Phototours.net (http://www.phototours.net).

Phototours.net specializes in providing on line multiple picture real estate virtual tours, advanced communication
capabilities, web site development and hosting of of cutting-edge Web sites for real estate professionals. Phototours are
available for public viewing via Phototours.net's exclusive multiple picture on-line listings database (the largest one of its
kind in Western Canada, including MLS). What's more, the database features 360 degree Virtual Phototours(TM), and
within the next three years, will include over 80 major metropolitan real estate markets throughout the United States and
Canada.

With Destiny's new Clipstream(TM) product, realtors now have the ability to add audio to their Web site and portfolio of
listings. ''We're very excited about our new partnership with Destiny and the inclusion of Clipstream(TM) within our
existing product and service line,'' says Luc Gaudreault, Chairman, President and CEO of the Transmeridian Group of
Companies. ''Early feedback from our customers indicates strong demand for Destiny's new Java-enabled audio
technology.''

''With over 2 million properties listed for sale on the Internet today, we see the real estate industry as a very large and
lucrative market for our products, particularly Clipstream(TM),'' says Steve Vestergaard, CEO and president of Destiny
Media Technologies. ''We believe Phototours offers a very compelling and powerful package of services to the real
estate industry and with the addition of Clipstream(TM) will offer everything the professional realtor needs to market
successfully on the internet.''

The agreement includes terms for site cross promotion and Phototours being granted the official licensed Clipstream(TM)
reseller to the real estate industry.

Destiny's Clipstream(TM) technology, launched at the Streaming Media West '99 Show in San Jose has been very well
received. Clipstream software is a new web development tool that requires no programming knowledge and enables any
user with a java-enabled browser to hear streaming audio without the need for players, plug-ins or special servers.
Clipstream is the simplest solution for adding audio to a web page. For more information visit clipstream.com

Destiny Media Technologies Ltd., headquartered in Vancouver, Canada and on the Web at www.destiny-software.com,
has been developing leading edge software since 1991. Destiny develops accessible and cost-effective enabling
technologies for online media streaming such as the Destiny Media Player, the world's smallest and most versatile digital
music player and Internet radio receiver; RadioDestiny Broadcaster software for personal and commercial Internet radio
broadcasting; the Radio Destiny Broadcast Network, a network of eclectic personal radio webcasters; and
Clipstream(TM), a streaming audio clip tool that plays sound instantly on any java-enabled browser. All Destiny software
applications are based on its proprietary .dny streaming media format and are designed to be affordable and simple
enough for anyone to use.

''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 Software Productions Inc
Arni Johannson, 604/609-7736 ext. 25
Fax, 604-609-0611
investor@dice.net
destiny-software.com