DSNY - shooting pennies - www.shootingpennys.com
DSNY Achieved OTC status today and is now trading with a bid / ask. Look
for pr's this week regarding deals with mp3. Here is a summary of DSNY
DSNY - DESTINY MEDIA TECHNOLOGIES INC
Price- $2.53
DESTINY MEDIA TECHNOLOGIES INC has become a fully reporting company.
Destiny
began researching audio streaming technology in 1996 and is now marketing
a
number of streaming audio products using our own proprietary streaming
media
format .dny. They aim to become a leader in providing advanced audio
streaming technology for the general public. Their current products
include
Songboy, Destiny Media Player, RadioDestiny Broadcaster, RadioDestiny
Broadcast Network, Clipstream, and the Destiny Repeater.
They will be coming off the pink sheets very soon. DSNY has developed
a
MPE digital media distribution system. The company has technology that
pays
the artists and musicians with each sale of music, and CDs. Customers can
legally download MP3 files. DSNY's technology allows for artists to be
fully
compensated. I am expecting some sort of deal to be signed with MP3.Com
(MPPP) this
week. As you recall, MP3 was over
100 dollars per share before they had lawsuits from many musicians. MP3
needs to get out of its legal troubles. This technology would solve this
problem.
I am expecting DSNY to rocket with this news.
Here is a press release about DSNY's new technology:
Monday, April 10, 8:36 am Eastern Time
Company Press Release
Destiny Files for Patent for MPE Media Distribution System
Secure Distribution Solution Will Help Facilitate the Sale of Downloadable
Digital Content
VANCOUVER, British Columbia--(BUSINESS WIRE)--April 10, 2000--Destiny
Media
Technologies, Ltd. (Pink Sheets:DSNY) announced today that a North
American
patent is pending to protect the unique nature of the company's MPE
digital
media distribution system.
``The potential applications for MPE capture a full range of Internet
content
and entertainment,'' says Destiny CEO Steve Vestergaard. ``MPE supports
audio, video, imagery, and text in a self-contained executable file. Some
of
the exciting applications we are exploring include music, digital books,
cartoons, analyst reports and trading cards.''
The MPE digital media distribution system is a form of ``digital shrink
wrapping.'' The MPE file contains an embedded digital media player
enabling a
user who downloads a file to instantly hear and view the file's contents.
This embedded player concept is unique and provides users with the
simplest
method to access digital downloads.
MPE also provides a mechanism for locking the downloaded files to a single
user. If the content hasn't been paid for, a teaser will play. If a user
chooses to pay for the content, they execute an e-commerce transaction, at
which point the file is unlocked, but only for that user's computer. If
the
file is passed on to a friend, the file reverts to ``preview mode,'' and
the
new user can make a transaction decision. This platform provides excellent
opportunities for promotions and viral marketing strategies across the
Internet.
Vestergaard says, ``This concept is a great deal for web site owners who
act
as the retailer. A user might download the file, but not purchase it. If
they
pass it on to a friend and that user buys it, the originating web site
still
participates in the transaction and receives a portion of the revenue.''
The MPE file does not require an external player or any other lengthy
downloads because the file contains an embedded player. The benefit is
that
the file will automatically play the content when clicked on.
The e-commerce transaction takes place directly from the file, where a
user
purchases a code key and the funds are taken from a digital wallet.
Security
built into the file can track royalties owing to the originating web site
and
other rights holders, such as record labels, artists and content owners.
Destiny acts as a clearinghouse and appropriate payments are distributed
accordingly.
A user would purchase credits in an accumulation account ahead of time
using
a credit card, debit card or phone card. Purchasing an MPE from an account
is
as simple as entering in the account PIN number from within file.
``This technology allows artists and content holders to market and promote
themselves freely and easily throughout the Internet, but still be assured
that their rights are protected and they are compensated for their
works,''
adds Vestergaard. ``We are targeting the music industry as our first
industry
sector, but see growth opportunities for MPE on a number of fronts.''
More information on MPE is available at destinympe.com
Another Destiny technology, Clipstream(TM), allows artists to preview the
music on a web site before downloading the MPE file. Clipstream, available
at
clipstream.com, is a tool that embeds streaming audio in a web
page.
Alternatively, artists can use the RadioDestiny broadcaster
(http://www.radiodestiny.com) to set up special MPE Internet radio
stations.
These radio stations will run 24/7 and will also stream visual metadata.
This
metadata shows a window displaying the album cover and lyrics as the song
plays, giving the Internet radio listener the opportunity to download the
MPE
on impulse.
Destiny Media Technologies Ltd. (http://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(TM), the world's smallest and most versatile digital
music player and Internet radio receiver; the RadioDestiny Broadcaster(TM)
software for personal and commercial Internet radio broadcasting; and the
Radio Destiny Broadcast Network(TM), a network of eclectic personal radio
webcasters. Destiny software applications 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 Media Technologies Ltd.
Paul Andreola, 604/609-7736 Ext 25
Fax: 604/609-0611
Website: destiny-software.com
Email: investor@dice.net
For more information visit:
destiny.com
dsny.com
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