Destiny Media Technologies Announces Appointment of New Director
Vancouver. B.C. - July 16,2001 - Destiny Media Technologies, Inc. (OTCBB: DSNY) is pleased to announce that Yoshitaro Kumagai has agreed to join the board of directors. Mr. Kumagai was previously on the company's board of advisors. Since becoming involved with Destiny, he has been personally responsible for Destiny's introduction to the Japanese market. He has established two Japanese resellers: GB Nexsite (http://www.gbnextsite.com) and Digital Craft (http://www.dgcraft.com).
Destiny CEO, David Lawrence notes the positive impact Mr. Kumagai will bring to the organization. "The Japanese market is a large one and I'm extremely pleased to have someone of his caliber assisting us to provide direction in exploiting the opportunities in this market. Destiny expects to have a significant presence in Japan by the end of fiscal 2001."
Mr. Kumagai is a highly respected leader in the high-tech industry with over 20 years experience in the electronics and consumer fields. He held key senior management and executive positions at the following companies: Mead, Singer, IDEC Corp. and DPA Technology in addition to serving as Chairman and CEO of Vivatar Corporation.
Destiny would also like to announce that Howard Louie will be stepping down from the board to pursue other opportunities.
Steve Vestergaard, President comments, "We'd like to thank Mr. Louie for his assistance and advice over the past two years. We wish him success in his future endeavors."
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