Wayne Koshman named to Board of Directors

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July 12, 2002

Vancouver, BC - Destiny Media Technologies, Inc. (OTCBB: DSNY) is pleased to announce the addition of Mr. Wayne Koshman to the board of directors.

Destiny CEO, Steve Vestergaard comments on the new appointment, "Wayne has successfully worked in areas of international trade and investment, corporate finance, sales and business development. I'm excited about his ability to help grow our company internationally."

Mr. Koshman has held a number of senior level management and consulting positions in North America, Europe and in Asia. He served as a Senior Trade Advisor for Georgia Kraveti Ltd. in the Republic of Georgia in the early 90's then took the position of VP Corporate Development with China Power Generation Corporation in China. From 1996 to 1998 he served in Japan as Head of Corporate Development for Moduline Industries (a subsidiary of Champion Industries the world's largest home manufacturer) .

Mr. Koshman has successfully raised money for a variety of high technology companies, acting as a project consultant with Zaatec Technology Inc., a leading edge Japanese glass hard disk technology company and as a director of GIS Technologies Inc., which makes smart cards. He is a founder of Skytech Bio Conversion Inc., a biotechnology company working with the National Research Council Canada and the University of British Columbia on Phase 1 trials of its unique microbial technology for treating organic solids.

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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