Euro Industries Completes Acquisition of Destiny Software Productions Inc.
Vancouver, British Columbia - - Euro Industries Ltd. (PINK SHEETS: DSNY) is pleased to announce that it has acquired 100% of the outstanding shares of Destiny Software Productions Inc.
Destiny Software Productions Inc. is a Vancouver, BC based software development company specializing in streaming media and MP3 products. Destiny has created their own proprietary compression format and technologies. Destiny is developing the RadioDestiny Broadcast Network™, where commercial and hobbyist radio stations can quickly and easily broadcast on the internet using the free RadioDestiny Broadcaster™. The recently released Destiny Media Player™ is a combination MP3 player / internet radio receiver which contains a live and realtime directory of all the current broadcasters on the Destiny network.
The Destiny Media Player™ would be best compared to a combined Real Networks (Nasdaq - RNWK)RealPlayer™ and a Liquid Audio (Nasdaq - LQID) MP3 player. The Destiny Media Player™ allows consumers to access and play MP3 content from websites such as MP3.com (Nasdaq - MPPP) and to listen to webcasts.
The Destiny Media Player™ was featured as "Site of the Day" on About.com (Nasdaq - BOUT).
Other products being developed using the Destiny .DNY proprietary audio compression format include an internet phone and java based web audio player.
Destiny was founded as an independent entertainment software developer in 1991 and has released a dozen games for large publishers. Destiny's last game, Dark Seed II was distributed by MGM (NYSE - MGM). Entertainment software is still a focus of management. Destiny currently has an agreement to purchase Wonderfall Productions, Inc. which owns the rights to several internet based multiplayer video games.
The company also wishes to announce that Mr. Carman Parente and Mr. Peter Maclean have resigned as directors and officers of the company. Mr. Steve Vestergaard and Mr. Edward Kolic have been appointed as directors.
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.
For more information contact:
|Destiny Media Technologies, Inc.|
President & CEO
Destiny Media Technologies, Inc.
604-609-7736 ext. 222