KOCH Records Signs Long Term Agreement with Play MPE®

Largest Independently Distributed Record Company to Digitally Deliver Releases
Vancouver, BC, May 13, 2008 - Destiny Media Technologies (DSNY OTCBB) is pleased to announce the signing of a termed agreement with KOCH Records, a division of KOCH Entertainment, to utilize the Play MPE® System to digitally deliver music to trusted recipients and music industry VIPs. KOCH Entertainment, North America’s largest independently distributed record company and KOCH Records, the fastest growing independent record label in the U.S., will utilize the Play MPE® System for digital delivery of their pre-release content to radio broadcasters. This continues to confirm Play MPE® as the global standard for digital delivery.

“Play MPE® is a fast, convenient, and cost effective way to deliver our music,” said Chuck Oliner, VP Radio and Video Promotion at KOCH Records. “Their high quality audio files make it easy for us to send our music digitally to radio programmers. Play MPE® is a simple solution that makes moving to digital delivery painless for us…I hate having to find that little spindle for those 45s.”

“KOCH Records is the largest independent label in the U.S. today and we are thrilled to have them signed with Play MPE®,” said Laurie Gail, Director of East Coast Label and Radio Relations. “As the #1 Independent label 7 years running in the U.S., KOCH is an icon in the industry. We welcome KOCH to our long list of signed record label partners.”

About KOCH Entertainment

KOCH Entertainment, founded in 1987 and now in its twenty-second year, is the leading and fastest-growing independent music company in the U.S.  KOCH's operations encompass record and video labels, music publishing as well as distribution companies in the U.S. and Canada. KOCH Entertainment is the market leader among independent labels and distributors in both the U.S. and Canada.  Its record label KOCH Records is the # 1 independent label in the U.S. and had the largest number of Billboard charting albums among independents for seven years in a row (2001 – 2007).  KOCH Entertainment is a subsidiary of Entertainment One Ltd. which is listed on the London Stock Exchange’s AIM market (ticker symbol “ETO.L”). 

About Play MPE®

With almost 21,000 users and over 82,000 songs from more than 1,000 record labels, including Universal Music Group, EMI Music Group, Sony BMG and Warner Music Group, Destiny's Play MPE® system is the most widely used digital distribution system available to the recording and radio industries.  Play MPE® is a secure distribution system that features state-of-the-art encryption to protect content while delivering high definition audio to users in radio, marketing and media.   A powerful promotional tool, Play MPE® also allows record companies to distribute video, text and graphics including music videos, CD covers, credits, lyrics, promotions, and other content.  More information on Play MPE® can be found at www.plaympe.com

About Destiny Media Technologies

Destiny (www.dsny.com) is a software development company which provides tools that some of the world's largest media companies use to distribute their content on the Internet.  Products include Play MPE®, Clipstream® and Radio Destiny™.

Safe Harbor Statement:
"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.

 

Keith Loh