Destiny Media Announces Second Quarter Results

VANCOUVER, British Columbia, April 14, 2009 -- Destiny Media Technologies, Inc. (OTC Bulletin Board: DSNY), the global standard for the secure distribution of pre-release music to radio and other trusted recipients over the internet is pleased to report revenues for Q2 which covers the period December 1 2008 - February 28, 2009.

Revenues for the quarter grew by 30% over the previous year to $467,488, while expenses fell 51% from the previous year to $593,037.  Revenues were down 16% from the prior quarter, reflecting a seasonal slow down in label activity over the Christmas holidays, but accelerated quarter over quarter growth is expected to resume in Q3.

According to Destiny CEO, Steve Vestergaard, “We’re expecting our rapid revenue growth to continue as North American label usage continues to expand and new agreements are signed outside of North America.  The company expects to show an operating profit based on Q3 revenues which are projected to increase at least 30% over Q2.”

                                                                    Three Months     Three Months       Six Months         Six Months

                                                                               Ended                  Ended                  Ended                  Ended

                                                                         February 28,       February 29,        February 28,       February 29,

                                                                                2009                    2008                    2009                    2008

                                                                                   $                          $                          $                          $


Revenue                                                                467,488               359,809            1,022,049               716,457


Operating expenses

General and administrative                                    176,521               312,853               358,905               631,739

Sales and marketing                                                186,292               435,796               441,212               921,590

Research and development                                    221,429               407,116               446,264               785,289

Amortization                                                             8,795                 11,744                 16,732                 21,545

                                                                               593,037            1,167,509            1,263,113            2,360,163

Loss from operations                                           (125,549)            (807,700)            (241,064)         (1,643,706)

Other income (expenses)

Other income                                                           27,985                 23,927                 60,122                 42,115

Interest income                                                             315                   4,693                   1,106                 14,959

Interest and other expense                                           (633)                (5,195)                (1,589)                (9,243)

Net loss                                                                  (97,882)            (784,275)            (181,425)         (1,595,875)


Net loss per common share, basic and diluted    (0.00)                  (0.02)                  (0.00)                  (0.03)


Weighted average common shares
outstanding, basic and diluted
                  51,590,314          49,962,024          51,347,220          49,953,150

About Destiny Media Technologies
Destiny ( is a software development company which provides tools that some of the world's largest media companies use to distribute their content on the Internet.  Products include Play MPE®, Clipstream® and Radio Destiny™.

Company Contact:
Fred Vandenberg
CFO Destiny Media Technologies, Inc.
604 609 7736 x236

Safe Harbor Statement:
"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.


Keith Loh