Steven Vestergaard, B.Sc.
President, CEO, Chairman of The Board

Mr. Vestergaard is our President, Chief Executive Officer and the Chairman of our Board of Directors. Mr. Vestergaard's responsibilities include strategic planning and coordinating strategic planning, marketing and product development. Mr. Vestergaard has a B.Sc. from UBC. He founded Tronic Software in 1981 and Destiny Software in 1991, both as video game development companies. In 1995, Destiny changed focus to internet technologies, going public in 1999 with streaming video and media security technology.

Fred Vandenberg, B.Comm, MBA, CA
CFO

Mr. Vandenberg is our Chief Financial Officer. Mr. Vandenberg's core responsibilities include leading the accounting, treasury, strategic planning, financial controls and financial reporting functions of the Company. Mr. Vandenberg has over 16 years of public accounting experience in tax advisory services, mergers and acquisitions, and financial reporting. Mr. Vandenberg completed the Canadian Institute of Chartered Accountant's "In-depth" taxation program while with Ernst & Young in 1998. Mr. Vandenberg holds a Bachelor of Commerce degree and a Master of Business Administration (Finance) from McMaster University and a Chartered Accountant designation.

Dale Borland
Vice President and COO

Mr. Borland is Vice President & Chief Operating Officer of Clipstream and has overall responsibility for strategy and business operations. Mr. Borland has extensive business and leadership experience within the software and technology industry and has held positions of CEO, COO, CRO and CMO in early stage entrepreneurial ventures, medium size enterprises and in large global corporations across a multitude of business disciplines and verticals. Mr. Borland worked at Microsoft Corp. for 16 years in Europe, Middle East and Africa managing Sales & Marketing, Business Development, Operations and Strategic Alliance/Partners. He has run his own consulting practice in the UK and North America focussed on business operations and management optimization.

Yoshitaro Kumagai, B.Sc, B.Sc.
Director

Since 1981, Mr. Kumagai has held positions with Singer, the Imaging Division of Mead Corporation, and IDEC Corporation, where he was responsible for Japanese and US sales and operations. Subsequently, he served as President of DPA Technology and as Chairman and CEO of Vivitar Corporation, a major distributor of various camera and computer peripheral devices. His current position is as SVP/Business Development for GestureTek, a company providing camera-enabled gesture-recognition software for presentation and entertainment systems. Yoshi holds a BS in Mechanical Engineering from Hosei University and a BS in Information Systems and Mathematics from Georgia State University.

Ed Kolic
Director

Mr. Kolic has been involved in the company since February 1999 in executive capacities including Chief Operating Officer, Corporate Secretary and Director. He served as Destiny's chief operating officer from February 1999 to October 2001 during which time he was responsible for our overall product strategy and development of our core technologies. Mr. Kolic was the president of WonderFall Productions Inc., a computer game development company founded by Mr. Kolic, which Destiny purchased in June 1999. Prior to founding Wonderfall Productions, he was as a principal partner and vice-president of marketing for Jacqueline Conoir Designs. From 1988 until 1995, Mr. Kolic was partner and president of Target Canada Production Ltd., a company engaged in the production of documentary television, educational and information programming for the Canadian Educational Television Networks, large screen interactive presentation media and a range of communication programs for corporate, government and institutional clients. Ed is currently the founder of Eighth Avenue Development group, which undertakes development projects in the luxury home market, multi-family residential and land development.

Larry Langs
Director

Mr. Langs has been an intellectual property, entertainment and corporate lawyer; an investment banker in Wall Street and a technology and international entrepreneur. He has managed over 200 M&A deals as a New York investment banker, intellectual property and corporate lawyer, technology consultant, board member, and principal. As a senior executive with profit and loss responsibility and extensive experience in building small to mid-size public and private companies and segments of Fortune 500 companies in consulting, media, and digital media industries, he headed M&A, strategy, corporate finance, legal strategies, and business development projects and teams. Larry was EVP at ACD Systems, EVP at Musician.com for Guitar Center, SVP of business development at MP3.com, and VP of business development for Sybase New Media, Investment Banker for JPMorgan/Chase/Chemical Bank in New York, and Senior Consultant for Arthur D. Little in Boston. Mr. Langs has also been active as a lawyer in emerging digital media and finance with Feldman & Weinstein in New York and MediaLawyer.com in Los Angeles.