DSNY on the pinks.
From the action today, I'd be willing to bet they've cleared the comments and are just days away from the BB.
Actually I already did bet.
This email was received on it a few min ago:
----------------------------------
- theearlyedition.com
Commentary: In our opinion, DSNY is poised to capture investor attention
when it gains its OTCBB listing. DSNY has filed their ammended
registration statement on 4/24/00 to become fully compliant with SEC
listing requirements. We hope to see DSNY listed soon. Please read our
disclaimer below for compensation information.
Vist TheEarlyEdition website to view featured company profiles at
www.theearlyedtion.com.
Below is the The Doppler Report on DSNY.
--------------------------------------------------------------
Destiny Media Technologies, Ltd. (?DSNY? - Pink Sheets)
DESTINY MEDIA TECHNOLOGIES SHARE STRUCTURE & RECENT TRADING RANGE
Total Shares Outstanding: 21,501,000
Public Float: Est?d @ 5,000,000 shares
52-week Trading Range: US$0.55 (low) by US$4.00 (high)
Last Trade (March 6, 2000): US$3.90
DSNY?s revolutionary new MPE format (which combines e-commerce with secure
MP3 audio) solves the security and piracy concerns that have kept
mainstream record labels and major artists from aggressively marketing /
distributing music in digital formats on-line
DESTINY?s MPE FORMAT IS THE NEW STANDARD FOR DIGITAL MUSIC
Destiny Media Technologies Ltd. (?DSNY? on Pink Sheets) has just
introduced its new MPE format, a secure digital music distribution system
that incorporates graphics, text and e-commerce applications. An MPE file
does not require a player as it plays itself.
MPE features state-of-the-art encryption to protect content while
delivering the high fidelity audio that consumers associate with MP3 music
files. How it works is that a ?key? locks each music file to the
purchaser?s specific computer and/or hardware device; in this way, when
files are shared, the recipient can still preview the track, but needs to
purchase their own key in order to ?unlock? and enjoy the entire MPE.
When a consumer clicks on an MPE, it pops open a window and plays a
?teaser?. If they click on the ?purchase? button, it automatically debits
credits from a digital wallet. Destiny acts as the clearing house and
distributes royalties to the originating web site and the various
copyright holders.
MPE music files will be playable on both portable platforms as well as
computers, and capable devices will be able to display the embedded text
and graphics (depicting CD covers, credits, lyrics, advertising, etc.),
all of which combines to make the new MPE format a much more effective
promotional vehicle than any other currently-available distribution
technology. Each MPE will also provide direct web links for the content?s
provider web site, as well as a direct order URL for e-commerce and other
promotions.
Quite simply, MPE is an extremely powerful sales tool that will allow
record labels to distribute content digitally without fears of rampant
piracy. We anticipate that Destiny?s MPE will be rapidly adopted by all
of the major record labels and content owners as the new international
standard for digital music distribution.
Why?
Because Destiny?s MPE format puts the control and revenue of music on the
web back in the hands of the artists and labels. While the MP3 format has
given independent musicians exposure to potential listeners and
purchasers, the potential for piracy has made many major records and
recording artists wary of using the popular MP3 format.
WHAT IS DESTINY MEDIA TECHNOLOGIES ALL ABOUT?
Since 1991, Destiny Media Technologies has been developing proprietary
video and audio compression formats for the entertainment market. This
company of experienced and innovative Internet software developers has now
leveraged their expertise to stream audio and video over the Internet.
Destiny began researching audio streaming technology in 1996, and is now
marketing a number of streaming audio products using their proprietary
streaming media format .dny, as well as the recently introduced MPE
format. The Company?s objective is to become the leading provider of
accessible and consumer-friendly Internet audio technologies and
applications.
Destiny's .dny format is an MP3-type audio compression format that allows
users to download audio and video tracks and save them on their computer
or portable player; the files are very small and provide near CD-quality
playback. The .dny format is also being used to deliver real-time
streaming media such as Internet radio, as well as real-time distribution
of digital files.
Destiny?s current line of accessible and cost-effective enabling
technologies for online media streaming include the Destiny Media
PlayerTM, the world's smallest and most versatile digital music player and
Internet radio receiver; RadioDestiny BroadcasterTM software for personal
and commercial Internet radio broadcasting; the Radio Destiny Broadcast
NetworkTM, a network of eclectic personal radio webcasters; and
ClipStreamTM, a streaming audio clip tool that plays sound instantly on
any java-enabled browser.
For investors seeking additional information on the Company, DSNY?s
discussion threads on Raging Bull and SI can be accessed at:
ragingbull.com and
Subject 29418,
respectively.
FUTURE GROWTH WILL COME FROM LICENSING DSNY?s RICH-MEDIA, SECURE MPE
FORMAT
Licensing deals involving Destiny?s MPE format should provide solid growth
and revenues in the months and years to come. One major deal has already
been completed, and the Company has advised us that at least one more
significant licensing agreement is close to being signed and announced.
In January, Destiny announced a working agreement with SongBoy, Inc. (a
Nintendo Gameboy cartridge manufacturer) to license Destiny's rich media,
secure MP3 format (MPE). Terms of the agreement call for Destiny to
license their proprietary MP3 format for use in the SongBoy? portable
GameBoy? module. Destiny will also create, manage and operate the
SongBoy? website, which will provide for the download of digital music
files and secure e-commerce transactions for the sale of digital music and
related merchandise.
The SongBoy? is a digital multimedia player utilizing the Nintendo
GameBoy? unit currently owned by more than 80 million people worldwide.
GameBoy? owners can simply plug in SongBoy's module to access and play
MP3s, the most widely distributed digital music format available today.
The SongBoy? will have a simple menu with CD-like controls (play, stop,
forward, etc.) and all the necessary software to convert a personal music
library to digital audio files, which can be downloaded to the player.
Users will also be able to download music directly from the SongBoy?
website: songboy.com.
Bottom-line, the SongBoy? will transform the GameBoy? into a full-featured
MP3 player similar to the Diamond Rio?, but with the key differential of a
visual display screen. As the music plays, images (album covers, song
lyrics, etc.) and advertising will show in the GameBoy Color? screen. The
SongBoyTM will be available for purchase on-line at SongBoy.com for an
estimated US$79; product delivery should begin as early as April 2000.
We can expect similar agreements to be struck with other hand held devices
such as Palm Pilot type products portable game devices or even cellular
phones.
CLIPSTREAM - A REVOLUTIONARY STREAMING AUDIO TOOL FOR THE INTERNET
In February 2000, Destiny released version 2.0 of ClipStreamTM, a
Java-based product for adding streaming audio to web pages.
Until now, audio-enabled web pages have been rare because users were
required to download and install a player plug-in from Real Networks
(NASDAQ: RNWK) or Microsoft (NASDAQ: MSFT). Because ClipStreamTM is
Java-based (as are over 90% of the browsers in use today), it is embedded
directly into the page (similar to a graphics file). ClipStreamTM is much
simpler for the end-user, and does not require a player window to be
launched, which would obscure the web page content.
What ClipStreamTM does is convert WAV, MP3 and CD audio files into a
highly-compressed format that can be streamed across the Internet to web
site visitors without the use of any special plug-in or player. To do
this, ClipStreamTM used a small Java applet that is compatible with most
Java-enabled browsers.
The result is true streaming audio files that play as they download,
allowing the delivery of unlimited length audio. ClipStreamTM
automatically optimizes audio files into two versions: one, for modems up
to 56K, and a second compressed file for ISDN or better connections, and
then automatically determines which version to deliver to web site
visitors.
No programming knowledge is necessary to use ClipStreamTM - the user
simply chooses the desired audio clip, drags and drops it through the
ClipStreamTM compressor utility, and cuts and pastes the auto-generated
code into the Web page. Only a 28kb download, ClipStreamTM is PC and Mac
OS compatible, and is available at clipstream.com for US$99.
ANYONE CAN BROADCAST AS AN INTERNET RADIO STATION WITH RadioDestiny
BroadcasterTM
Introduced in July 1999, RadioDestiny (http://www.RadioDestiny.com) is an
Internet radio and digital music distribution system and broadcasting
software package based on Destiny's proprietary compression and streaming
technology.
There are currently more than 10,000 broadcasters registered on the
RadioDestiny Broadcast NetworkTM, a 24/7 network of independent Internet
Radio stations using Destiny?s free broadcast software, the RadioDestiny
BroadcasterTM. With stations operating in every corner of the world,
producing a variety of formats and reachable throughout the Internet, the
RadioDestiny Broadcast NetworkTM is a tremendous marketing and
communications tool.
The free RadioDestiny BroadcasterTM software allows non-technical users
with a minimum of equipment (PC or Mac computer, sound card, microphone
and access to the Web) to broadcast their own live (or scripted) Internet
radio programs that can be received by anyone with the Destiny Media
PlayerTM installed. This application is aimed at the beginner to
professional studio. Easily installed, the software is not CPU intensive,
and users can be broadcasting within minutes of finishing the setup
Users have the option of broadcasting live over the Internet or
pre-recording programs to broadcast automatically. RadioDestiny
BroadcasterTM streams compressed audio that can be listened to on any
modem from a 28.8 kbps and up with no special servers or other software
required.
Destiny Media PlayerTM - THE WORLD?S SMALLEST, MOST-POWERFUL & VERSATILE
DIGITAL MUSIC PLAYER
In December 1999, Destiny debuted its next generation Destiny Media
Player?, the first digital music player incorporating Internet radio which
includes visual, graphic and artist information and an instant purchase
option for CDs or digital music files.
This powerful new application takes advantage of the wave of new music and
broadcasting technologies sweeping the Internet: the MP3 compressed music
format and Destiny?s proprietary web-based radio broadcasting technology.
The Destiny Media Player? allows you to play MP3 files and listen to a
growing number of web-based radio stations broadcasting on the
RadioDestiny Broadcast Network?, all using the familiar home stereo
interface. Switching between the Destiny Media Player? (MP3 mode) and
Destiny Media Player? (Radio mode) is a single mouse click away.
The Destiny Media PlayerTM plays MP3, streaming MP3 radio such as
Shoutcast, .wav and wmf files, MIDI, MPEG video, .AIFF, .snd, and audio
CDs, all using the familiar and easy to use home stereo style interface.
In Radio mode, the Destiny Media PlayerTM can also receive broadcasts from
the RadioDestiny Broadcast NetworkTM. It finds media files on your
computer with a library builder and allows you to browse by file name,
without needing to know where you put your latest download. The Destiny
Media PlayerTM also dynamically lists all live RadioDestinyTM broadcasters.
"The new Destiny Media PlayerTM allows users to 'listen, look and buy',
and provides a virtual storefront for radio broadcasters, musicians and
record labels," explains Ed Kolic, chief operating officer of Destiny
Media Technologies. "This technology is one-of-a-kind and presents
excellent opportunities to content owners, artists and retailers alike."
In addition to listening to music files and Internet radio, the next
generation Destiny Media PlayerTM contains a powerful e-commerce feature
that allows users to search, purchase and download CDs or digital tracks.
Even with these new functions, the Destiny Media PlayerTM remains the
world's smallest and most versatile digital music player and Internet
radio receiver at just under 400k to download on a PC. The Mac version is
just under 800k.
Destiny Media PlayerTM is available free from Destiny's Web site as well
as partner sites such as music.tucows.com and
mp3.com. Despite its many convenient and powerful features,
this player is only a 400k download for the PC version and less than 800k
for the Mac version.
SOME REASONS WHY YOU SHOULD CONSIDER ADDING DESTINY TO YOUR PORTFOLIO
We view the recently announced America Online (NYSE: AOL) and Time Warner
(NYSE: TWX) merger as a very positive event for companies such as Destiny.
We believe that Time Warner AOL will greatly accelerate the development of
the Internet from a text-based world to a broadband platform that can
effectively offer television-like video and music streaming. In such a
world, products such as the Destiny Media PlayerTM, RadioDestiny
BroadcasterTM and ClipStreamTM are going to be valuable and will likely
garner solid shares of their respective markets.
Since announcing the SongBoy? deal with Nintendo in January, Destiny has
been inundated with media coverage as well as inquiries from businesses
and investors. The company is solid, with strong fundamentals, a
negligible float and a suite of state-of-the-art audio / video
compression, streaming and broadcasting products.
Once Destiny?s Form 10-SB is approved by the SEC, we would expect to see
much more upward pressure on the stock than has been the case so far.
Some astute investors, obviously, are beginning to figure this deal out,
but we believe that a large portion of the potential audience won't buy
this stock while it?s on the pinks. Our understanding is that it?s just a
matter of time until the OTC-BB listing is received, and that it won?t be
too much longer after that that the SongBoy? will begin shipping.
We are very comfortable with the core competencies and track records of
both Destiny?s management team and the independent directors, and are
comfortable that this group can execute their business plan. Each of the
core products are in high demand, and gaining market share in direct
competition with some very powerful competitors (such as Microsoft), and
there is a reasonable potential that one or more of these products might
be spun off at a future date.
For a current stock quote, investor relations information or stock charts,
please visit: destiny-software.com
On November 23rd, 1999 Destiny filed a Form 10-SB registration with the
U.S. Securities & Exchange Commission (SEC) to become a fully reporting
company. This filing is available for viewing at:
freeedgar.com
SourcePage=CompanyList&CIK=1099369&UseFrame=1&FormType=&DateFiled=&Com
panyName=DESTINY+MEDIA+TECHNOLOGIES+INC. We understand that the SEC has
recently returned their comments, and that management?s expectations are
that full SEC approval and Destiny?s elevation to the OTC-BB should come
by the end of March.
Destiny?s Officers and Directors collectively held about 28% of the stock,
with DSNY?s President, Steve Vestergaard, controlling 25%.
Long-term debt is negligible (Cdn$218,574) - most of which is due and
payable during FY 2001 and 2002 (August 31st year end). A US$1,000,000
private placement financing was completed in February; the proceeds will
be used to fund further product development and an initial marketing
launch of Destiny?s new proprietary digital music distribution format
(MPE).
950 - 555 West Hastings Street, Vancouver, British Columbia V6B 4N4 Phone:
(605) 609 7736 Fax: (604) 609 - 0611
Toll-Free: (800) 8 - DESTINY
Website: destiny-software.com
For more information, please contact:
Investor Relations Department
destiny-software.com
----------------------------------------------------------
The above profile was provided to us courtesy of The Doppler Report.
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