Destiny Media Reports Q3 Results
Vancouver, BC – July 15, 2010 – Destiny Media Technologies (OTCBB: DSNY) is pleased to announce results for the quarter and period ending May 31, 2010. EBITDA grew for the quarter to approximately $260,000 (129% higher than prior year) on total revenue of $952,000 (43% higher than prior year). Over the nine month period ending May 31, 2010, EBITDA grew to approximately $788,000 on revenue of $2,870,000 (70% higher than prior year).
Play MPE® revenue continues to grow in all geographic segments. The company continues to build on the foundation for a global distribution network with a number of significant developments. Revenue, which has grown by an average of 20% quarter over quarter (>100% growth on an annual basis) for the past four years, is expected to continue to grow as a result.
About Destiny Media Technologies
Destiny Media (http://www.dsny.com) is the developer of the Play MPE® system (http://www.plaympe.com) which the recording industry uses to securely distribute new pre-release music through the internet to trusted recipients such as radio, media and VIP's. Real time usage statistics are available at http://www.plaympe.com/v4/company/plaympestats.php
Destiny Media Technologies, Inc.
604 609 7736 x236
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.