Destiny Media Technologies, Inc Announces
First Clipstream Live™ Webcast
Live Broadcast of Championship Auto Racing Teams Awards Banquet

Please download a printable rtf version here

Nov. 21, 2002

The 2002 awards banquet for Championship Auto Racing Teams will be held in Miami, Fl. on Friday, November 22 and is due to be broadcast live on CART.com using Clipstream Live™ technology. CART.com will stream the evening's activities live on the website http://www.cart.com/ starting at 7:00PM ET and continuing to the end of the ceremony at 10:00PM ET.

CART.com is also embedding Clipstream™ directly inside their newsletters, so subscribers can receive video updates on recent races.

Destiny Business Development Representative, Steve McKay comments on the opportunity. "CART was able to see a return on investment that was very compelling. Clipstream Live ™ is an affordable way for content owners and broadcasters to reach out to their audience. I would like to thank our partner VFX Digital Solutions (http://www.vfx.com/) for working with us to establish this relationship."

Clipstream Live™ sells for $2995 + $500 for each additional camera above the first one. Broadcasters need minimal equipment. A standard consumer PC with a video signal can either broadcast directly through a high bandwidth connection or it can broadcast to the Clipstream Video Repeater™ running on a remote site with a high bandwidth connection. Because Clipstream™ doesn't require a player it reaches almost three times the audience of alternative solutions. It can be embedded directly in emails and web pages so users aren't required to leave the content owner's page to see the content.

A sample of Clipstream Live™ running a live TV signal on a four second delay is available at : http://www.clipstream.com/products/live/index.shtml.

About Destiny
Destiny Media Technologies, Inc. (http://www.dsny.com) is a leader in developing easy-to-use tools for distributing digital media through the Internet. The company's suite of streaming and downloadable products include: Clipstream™, Destiny Media Player ™, Radio Destiny ™ and MPE ™. Established in 1991, the company is headquartered in Vancouver, Canada.

'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.

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