Destiny Media Added to Profit 200 Ranking of Canada's Fastest-Growing Companies
Vancouver, BC – June 1, 2011 – Destiny Media Technologies (TSXV: DSY) (OTCBB: DSNY) is pleased to announce that it has been ranked 125th in the 23rd annual PROFIT 200 ranking of Canada’s Fastest-Growing Companies by PROFIT Magazine, with a growth rate of 390%.
Ranking Canada’s Fastest-Growing Companies by five-year revenue growth, the PROFIT 200 profiles the country’s most successful growth companies. Published in the Summer issue of PROFIT and online at PROFITguide.com, the PROFIT 200 is Canada’s largest annual celebration of entrepreneurial achievement.”
The PROFIT 200 companies are the innovative, high-growth enterprises Canada needs to compete on the global stage,” says Ian Portsmouth, Editor-in-Chief of PROFIT Magazine. “PROFIT is proud to celebrate their achievements and ambitions, and we encourage all businesspeople to learn more about the many ways they’ve come so far, so fast.”
Destiny Media Technologies, CEO, Steve Vestergaard says the team appreciates the award and recognition. “As our private industry network continues to expand, we expect increasing transaction rates to continue to translate into rapid financial growth.”
Destiny’s flagship Play MPE® product is a security solution built around patented locking and watermarking technologies that securely delivers new music to radio, press and other trusted recipients of pre-release media. It’s in use by all four major record label groups and is being rolled out to 77 countries around the world. Destiny's other software solutions include live TV, internet radio, playerless streaming and online video questionnaire offerings.
About Destiny Media Technologies
Destiny Media 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. Over 400,000 tracks have been delivered to 50,000 registered industry insiders since launch, representing 240 million deliveries. Real time usage statistics are available at http://www.plaympe.com/v4/company/plaympestats.php and archived press releases are available at: http://clipstream.com/dsnyarchives/v7/news/index.php
About PROFIT Magazine:
PROFIT: Your Guide to Business Success is Canada’s preeminent publication dedicated to the management issues and opportunities facing small and mid-sized businesses. For 29 years, Canadian entrepreneurs and senior managers across a vast array of economic sectors have remained loyal to PROFIT because it’s a timely and reliable source of actionable information that helps them achieve business success and get the recognition they deserve for generating positive economic and social change. Visit PROFIT online at PROFITguide.com.
CEO Destiny Media Technologies, Inc.
604 609 7736 x222
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