Destiny Media Technologies, Inc., Promo Only Canada Inc., Scott Studios Corp. and Computer Concepts Corp. Announce Partnership to Securely Distribute Digital Music

Please download printable rtf here

May 8, 2003

Vancouver, British Columbia, Calgary, Alberta and Dallas Texas: Destiny Media Technologies, Inc. (OTCBB: DSNY; Berlin: DME 935 410), Promo Only Canada Inc., Scott Studios Corp. and Computer Concepts Corp. are pleased to announce a joint agreement to develop a dedicated music delivery system powered by Destiny's proprietary patent pending MPE™ technology.

"The music industry is constantly changing and the downloading of songs is becoming more accepted. The problem has been the distribution of unauthorized audio files. MPE solves this issue. At Promo Only, we are excited about implementing this new technology," says Dean Ernst, President of Promo Only Canada Inc.

The recording industry needs a secure method of delivering music. MPE™ is unique in that although the content caches and is compatible with a variety of delivery methods including peer to peer, the files recognize the fingerprint of the target computer and will only play on authorized equipment.

Music companies can easily distribute their content with a "digital shrinkwrap tool". This tool will automatically encrypt the song with state of the art "bank level" encryption, then associate the keys with fingerprints from target computers. The file is automatically uploaded to a target site so that users can access the songs at their leisure.

Steve Vestergaard, Destiny CEO, comments, "I'm pleased to work with Promo Only and Scott Studios because their business to business revenue model is proven and predictable. It also establishes our technology as an appropriate trusted security system for distributing music and other digital content."Dave Scott, President of Scott Studios and Computer Concepts states, "

We are committed to innovation in the music industry and giving our 4,300 client stations every possible advantage over their competition. We are excited to work with all the record companies, Promo Only Canada and Destiny Media in distributing digital music this new way that saves stations time dubbing or ripping, improves sound quality on the air and protects the interests of copyright owners, artists and record companies."

About Promo Only Canada
Promo Only Canada offers all the latest music and music video hits on CD and DVD format to radio stations and DJ's. Their music products are licensed by the AVLA in accordance with the applicable laws. In addition, they license songs directly from various record labels throughout the world to bring their customers the best possible selections. Promo Only subscribers get the music before anyone else! Promo Only Canada and sister companies, Promo Only USA and Promo Only Europe represent the largest music subscription service in the world.

For more information contact:
Dean Ernst, dean@promoonlycanada.com - President Promo Only Canada Inc. - 403-226-6445

About Scott Studios
Scott Studios, and its wholly owned subsidiary Computer Concepts, is the leading (and largest) digital studio equipment provider, with more than 4,300 North American radio stations now using Scott Studios and
Computer Concepts systems for their over-the-air broadcasts. Scott clients in Canada include stations operated by the CHUM Group, Corus, Golden West, Maritime, NewCap, Rawlco, Rogers, Standard, and other leading groups. Scott clients in the US include Infinity/CBS, Disney/ABC, Emmis, Radio One, Spanish Broadcasting, Cumulus, Citadel, Cox, Entercom, Regent, Beasley, and others.

For more information contact:
Dave Scott, dave@scottstudios.com - President Scott Studios Inc. - 888-GET-SCOTT ext. 110

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.

For more information contact:

"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.

back to the top