Destiny Media Technologies Announces Partnership with Servecast Online Broadcasting Clipstream Distributor Lands Major European Partnership

Dec 5, 2001 Vancouver, BC - Destiny Media Technologies, Inc. (OTCBB: DSNY) is pleased to announce that UK distributor, Digistream has established a major Clipstream partnership in Europe with Servecast Online Broadcasting (http://www.servecast.com).

Servecast is Europe's leading business-to-business provider of outsourced internet broadcasting services. Their high-capacity, high-speed network is dedicated to delivering the best quality video and audio.

Online video and audio is already an established business tool in the US. However, until now, no company has invested in a pan-European infrastructure sufficient to stream effectively. Servecast is pioneering the European load-balanced, edge delivery, data broadcast network.

The deal gives Servecast broader access to the burgeoning market for rich media content distribution and streaming. Blue chip Clipstream™ users include Heritage Canada, Klipmart, Telus, the Globe and Mail and the Weather Channel.

Bob Jull, Chairman of Servecast, said: "Clipstream is head and shoulders above the competition. It is already in mainstream use on the US, and this deal will deliver the same benefits to European clients that their US counterparts have been enjoying for some time."

"This agreement confirms Servecast as a leader and innovator in its market. We will continue to identify and adopt the best technologies from around the world to complement our own."

Simon Powell, Chief Executive Officer of DigiStream comments on the relationship "Servecast is widely acknowledged as a leader in its sector, and its endorsement is yet another step in confirming Clipstream as the pre-eminent Java-based streaming solution."

Servecast :
Established in 1998, Servecast is a leading global provider of online broadcasting solutions to the enterprise and entertainment industries. In conjunction with Compaq and Cisco, Servecast has built the first pan-European network dedicated to the hosting and delivery of streaming media content. Servecast has operations in London, Madrid, Paris, Zurich, Stockholm, Brussels Amsterdam, Munich, Frankfurt and Dublin and customers include Celtic FC, United Nations, Ericsson, NTL, Standard Life, AXA, and Allied Irish Bank.

Digistream:
DigiStream is the exclusive UK distributor for Destiny Media Technologies, Inc. (www.dsny.com), 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 ™ (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 ™ (www.clipstream.com), a Java-based tool which enables web pages, email and banners to stream audio and video without the use of a player and RadioDestiny ™, a network of live internet radio stations.

For more information contact:

ServeCast
Eoin Brophy
020 7930 8897
eoin.brophy@servecast.com

Destiny
Steve Vestergaard
steve@dsny.com
President & CEO
Destiny Media Technologies, Inc.
604-609-7736 ext. 222

Digistream
Joel Cymberg
+44 (0)870 444 5855 Joel@digistreamuk.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.

Keith Loh