Destiny Grants Exclusive License to Embed Streaming Audio in Real Estate Web Sites
VANCOUVER - Destiny Media Technologies, Ltd (DSNYD - Pink Sheets) announced today the granting of an exclusive license for the use of Clipstream™ (http://www.clipstream.com) for the North American real estate Web site market to Transmeridian Communications, Inc., owner and operator of Phototours.net (http://www.phototours.net).
Phototours.net specializes in providing on line multiple picture real estate virtual tours, advanced communication capabilities, web site development and hosting of of cutting-edge Web sites for real estate professionals. Phototours are available for public viewing via Phototours.net's exclusive multiple picture on-line listings database (the largest one of its kind in Western Canada, including MLS). What's more, the database features 360 degree Virtual Phototours™, and within the next three years, will include over 80 major metropolitan real estate markets throughout the United States and Canada.
With Destiny's new Clipstream™ product, realtors now have the ability to add audio to their Web site and portfolio of listings. "We're very excited about our new partnership with Destiny and the inclusion of Clipstream™ within our existing product and service line," says Luc Gaudreault, Chairman, President and CEO of the Transmeridian Group of Companies. "Early feedback from our customers indicates strong demand for Destiny's new Java-enabled audio technology."
"With over 2 million properties listed for sale on the Internet today, we see the real estate industry as a very large and lucrative market for our products, particularly Clipstream™" says Steve Vestergaard, CEO and president of Destiny Media Technologies. "We believe Phototours offers a very compelling and powerful package of services to the real estate industry and with the addition of Clipstream™ will offer everything the professional realtor needs to market successfully on the internet."
The agreement includes terms for site cross promotion and Phototours being granted the official licensed Clipstream™ reseller to the real estate industry.
Destiny's Clipstream™ technology, launched at the Streaming Media West '99 Show in San Jose has been very well received. Clipstream software is a new web development tool that requires no programming knowledge and enables any user with a java-enabled browser to hear streaming audio without the need for players, plug-ins or special servers. Clipstream is the simplest solution for adding audio to a web page. For more information visit http://www.clipstream.com.
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