Destiny Media Technologies Announces VideoClipstream™ License Agreement with Mount Sinai School of Medicine
Streaming Video Technology to Deliver Distance LearningEducation for Medical School

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June 22, 2001

Vancouver. B.C. - Destiny Media Technologies, Inc. (OTCBB: DSNY) is pleased to announce the license of VideoClipstream™ to Mount Sinai School of Medicine for use in distributing multimedia materials from their website (http://www.mssmtv.org). Mount Sinai School of Medicine offers Continuing Medical Education through a combination of traditional and online delivery methods, to a worldwide audience of physicians, nurses, pharmacists, technicians, and other healthcare professionals.

The Mount Sinai School of Medicine is currently ranked 23rd by U.S. News & World Report in their listing of Top Medical Schools - Research. One of the oldest and largest teaching hospitals in the United States, Mount Sinai is also among the "Best Hospitals In America" in several specialties, according to U.S. News & World Report.

Destiny VP Sales, Mark Toffoli speaks to the opportunity of the distance learning market, "Training centres are looking for innovative ways to deliver content to their students. VideoClipstream™ is well suited, as the content is available for streaming in a high quality format, on demand, from any standard web server, in a format that is readily accessible by 93% of all the mainstream web browsers."

Frederick Bobrow, Director of Educational Technology For Continuing Medical Education states, "In our quest to serve the Medical Community it is our expectation that Videoclipstream™ will be a valuable tool to ensure the user has a smooth and seamless experience. With all the variables involved in streaming educational content, Videoclipstream allows one to reach the widest audience with the easiest client interface."

A proprietary technology developed by Destiny, the Clipstream™ product suite enables the delivery of streaming media directly from a banner, e-mail or web page without the need for an external player or plug-in. As a java-based technology, Clipstream™ can be viewed by approximately 93% of web users, whereas Current player based solutions such as Real Player (RNWK-Nasdaq) or Windows Media Player (MSFT-Nasdaq) require special servers and and external players. Media Metrix reports show that only 40% of web users actually use the Real or Microsoft media players Clipstream ™ is one of the only streaming formats to be readily accessible through firewalls and is natively supported by standard HTTP serving infrastructure.

About Destiny Media Technologies, Inc.

Destiny Media Technologies, Inc. (http://www.dsny.com) is a leader in developing easy-to-use tools and enabling technologies to distribute digital media through the Internet. The company's suite of streaming and downloadable products includes: MPE™ (http://www.destinympe.com), a complete, secure media distribution system that provides e-commerce and digital rights management directly from within an MP3-compatible multimedia file; Clipstream™ (http://www.clipstream.com), a java-based tool which enables web pages, e-mail and banners to stream audio without the use of a player; Video Clipstream™ (http://www.videoclipstream.com), a technology for embedding streaming video into a web page or e-mail; and the RadioDestiny Broadcaster™ (http://www.radiodestiny.com), which allows a user to webcast live or scripted internet radio from a computer to anyone on the Internet. Established in 1991, the company is headquartered in Vancouver, Canada.

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