Destiny Media Completes Share Repurchase Program
Vancouver, BC – May 28, 2010 – Destiny Media Technologies (OTCBB: DSNY) is pleased to announce that the share repurchase program announced on November 30, 2009 has completed. The company repurchased one million shares, representing approximately 2% of the shares outstanding at an average price of $.446 for a total approximate cost of $446,000. Any further board approved repurchase tranches will be announced in advance. Repurchases were made at times and amount the company deemed appropriate and were made through open market transactions in compliance with the Securities and Exchange Commission’s Rule 10b-18.
About Destiny Media Technologies
Destiny Media (http://www.dsny.com) is the developer of the Play MPE® system (http://www.plaympe.com) which the recording industry uses to securely distribute new pre-release music through the internet to trusted recipients such as radio, media and VIP's. Real time usage statistics are available at http://www.plaympe.com/v4/company/plaympestats.php
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.