Destiny Media announces Japanese Reseller
Vancouver, BC -October 4, 2005 - Destiny Media Technologies (OTCBB: DSNY) is pleased to announce that it has entered into a reseller agreement with the Inisia Corporation to distribute localized version boxed copies of Clipstream™ and Pirate Radio™ in the Japanese market.
“We are pleased to have Inisia as a partner in Japan”, says Destiny CEO Steve Vestergaard. “They currently market a number of innovative products, including a USB camera. Their product line and customers are a good fit for us.”
The agreement is for four years, with minimum payments to Destiny of 560 million yen (approx. $5 million USD) over that period. Inisia will have the right to market the software directly, through retail software outlets and through other distributors and OEM channels.
Inisia plans to begin marketing of the software at the WPC Expo 2005 from October 26th – 29th.
"We want to make Clipstream™ Video a commodity, so that it is available to every consumer in Japan. We think that's our responsibility", says Mr. Hirasato, president of Inisia. "I think that the most important secret to success depends on the personality of the president of that company, so we will sell."
About the Inisia Corporation
The Inisia Corporation (http://www.inisia.co.jp) sells network and security equipment and PC-related software. Through two companies in the group, Inisia Taiwan Corporation (Taiwan & Taipei) and Inisia Software Inc. (Canada & Vancouver), the company imports and sells overseas products to the Japanese market.
About Destiny Media Technologies, Inc.
Destiny Media Technologies, Inc. ( www.dsny.com) (OTC: DSNY) is a leader in developing easy-to-use tools for distributing media through the Internet. The company's suite of streaming and downloadable products includes: Clipstream™, Destiny Media Player™, Radio Destiny™, and MPE™. Established in 1991, the company is headquartered in Vancouver, Canada.
For further information contact:
Destiny Media Technologies, Inc.
Steve Vestergaard, 604-609-7736, x222
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