Destiny Media Announces Exclusive Agreement with Provident Label Group
Vancouver, BC – October 19, 2005 – Destiny Media Technologies, Inc. (DSNY OTC BB) announced today they will provide exclusive promotional digital distribution for Christian music label, Provident Label Group. The Promo Only MPE System will provide Provident Label Group with a complete internal and external digital distribution solution for new singles as well as full albums, music videos and other promotional material.
Provident Label Group anticipates distributing an expanded number of new singles through Promo Only MPE in the coming year as well as increasing the annual number of mixes they currently release by almost 20%.
Provident Label Group, which has used Promo Only MPE to distribute tracks to radio stations throughout North America since April 2005, will now exclusively release all singles, re-mixes and alternate mixes through the Promo Only MPE system to domestic and international stations.
“We are delighted to service Provident Label Group exclusively through the Promo Only MPE System,” said Dean Ernst, director at Promo Only. “This contract cements the relationship that we have built together in recent months. We are looking forward to distributing an increased number of singles and re-mixes over the course of the next year.”
"We are excited about this relationship and are planning on using this service extensively with radio as well as for the digital delivery of music to other types of gatekeepers," added Dean Diehl, senior vice-president of marketing at Provident Label Group. "We anticipate this service will eventually eliminate the need for physical radio singles as well as most prereleases."
Promo Only MPE is a product of Destiny Media Technologies and is exclusively marketed and distributed by Promo Only.
About Promo Only
With offices in Orlando, New York, Los Angeles, Calgary, Chicago and London, Promo Only (www.promoonly.com) is the world's leader in subscription-based music and music video services. Promo Only offers a complete line of music on CD and music video on DVD designed to meet the needs of music professionals, business owners and retail operations. Promo Only was founded in 1992 by Jim Robinson and Pete Werner.
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.
Provident Music Group operates under the umbrella of RCA Label Group-Nashville, a unit of SONY BMG MUSIC ENTERTAINMENT, and comprises Provident-Integrity Distribution and Provident Label Group. The label group entity includes Brentwood, Benson, Essential, Beach Street and Reunion Records and is distributed to Christian retail by Provident-Integrity Distribution and to general market retail through SONY BMG Distribution.
SONY BMG MUSIC ENTERTAINMENT is a global recorded music joint venture with a roster of current artists that includes a broad array of both local artists and international superstars, as well as a vast catalog that comprises some of the most important recordings in history. SONY BMG MUSIC ENTERTAINMENT is 50% owned by Bertelsmann A.G. and 50% owned by Sony Corporation of America.
For further information contact:
CEO Destiny Media Technologies, Inc.
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