Destiny Media Technologies, Inc Announces Reseller Agreement With NTT-X
Vancouver, British Columbia, February 28, 2003 - Destiny Media Technologies, Inc. (OTCBB: DSNY; Berlin: DME 935 410) is pleased to announce that NTT-X will be reselling Clipstream™ powered advertising campaigns in Japan.
Destiny Director of Partner Sales, Kent Patterson, speaks to the added value of this relationship "As a Japanese industry leader, NTT-X will leverage the growing global presence and acceptance of Clipstream™ to offer effective streaming video advertising campaigns."
NTT-X, a subsidiary of Japan's Nippon Telegraph and Telephone Corporation, operates a popular Web search portal called goo™ which is rivaled in local popularity only by Yahoo!Japan™. In November 2001, NTT-X expanded their Web business with the launch of a new broadband broadcasting site called "goo Broadband".
On October 24th, 2002, Destiny's partner DSI Interactive announced a Clipstream™ advertising license with Goo (http://dir.goo.ne.jp). Based on this successful initial launch, NTT-X will be adding Clipstream™ to their catalogue as an official product offering.
NTT-X will be licensing Clipstream™ to companies such as ISP's, broadband content portals, hosting companies and clients interested in advertising their products / services via email advertising. Clipstream™ will also be made available to NTT-X's network of about one hundred resellers. A sample advertising campaign is available at:
NTT-ME Information Xing, Inc. (NNT-X)
NTT-X was established in January 1999 under NTT-ME Corporation -- which was created after reorganization of the NTT group -- as an organization handling advanced multimedia fields. NTT-X is capitalized at 11.5 billion yen. Its main services include "goo," a search engine that boasts Japan's largest URL retention volume. It has a flexible structure with about 200 employees that can respond rapidly with advanced multimedia services. In the future, the company will offer EC, EDI, and security check services. The head office is located on the 13th floor of the Urban-Net Otemachi Building at 2-2, Otemachi 2-chome, Chiyoda-ku, Tokyo.
Destiny Media Technologies, Inc. (http://www.dsny.com) is a leader in developing easy-to-use tools for distributing digital media through the Internet. The company's suite of streaming and downloadable products include : Clipstream™, Destiny Media Player ™, Radio Destiny ™ and MPE ™. 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
"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.