Destiny Media Appoints New Directors at AGM

VANCOUVER, March 1, 2017 - Destiny Media Technologies Inc. (the “Company”) (TSXV: DSY) (OTCQX: DSNY) announces that at its annual general meeting (the “Meeting”) the shareholders re-elected Steve Vestergaard and elected nominees Hyonmyong Cho and S. Jay Graber to the board of directors of the Company. Both Mr. Cho and Mr. Graber are expected to be named to the Company’s audit committee.

Mr. Cho is currently a managing member of Greenlaw International Management Company LLC which manages Greenlaw International LP, a fund which invests in microcap stocks.  From 2002 to 2008, Mr. Cho was a Managing Director of Forum Partners which managed several real estate private equity funds in Europe and Asia.  At Forum Partners, Mr. Cho managed a worldwide team tasked with private equity deal structuring, analysis and negotiation.  Prior to Forum Partners, Mr. Cho was a senior associate at Nassau Capital, whose only limited partner was Princeton University, and he was responsible for the due diligence, negotiation, documentation and monitoring of private equity transactions. Prior to that, Mr. Cho was a partner in Novalis Ventures, a venture capital fund focused on early stage investments in the real estate industry.  Before that, Mr. Cho was a Vice President at Cahill, Warnock & Company, a private equity firm focused on making direct investments in micro-cap public companies. Mr. Cho began his career as a financial analyst for Alex Brown & Sons, Inc. in the mergers and acquisitions, real estate and health care groups. Mr. Cho was a Morehead Scholar at the University of North Carolina, graduating with a B.A. in English Literature.

Mr. Graber recently retired as VP of Business Development from Apex Software LLC., a privately-owned developer of building drawing and area calculation software for jurisdictional mass appraisal at the municipal, county, province and statewide level as well as for the real estate mortgage appraisal industry.  Mr. Graber continues to serve on various committees for the International Association of Assessing Officers (IAAO) as he remains a business partner in Apex.  Prior to 20 years in the software/technology arena, Mr. Graber worked in direct sales / sales management for various manufacturing entities including automotive and decorative lighting, plastic extrusion, art glass and architectural flooring. Mr. Graber earned a BS degree in both Business Management and in Psychology from Eastern Mennonite College (now EMU).

The Company also reports that Haig Bagerdjian, decided not to stand for re-election at the Meeting for personal reasons. The Company thanks Mr. Bagerdjian for the services he provided as a director and wish him all the best in his future endeavors.  

Steve Vestergaard
CEO

About Destiny Media Technologies, Inc.

Destiny Media Technologies provides services that enable content owners to securely display and distribute their audio and video content digitally through the internet. The Company's two major services are Clipstream® and Play MPE®. Clipstream (www.clipstream.com) is an automated high availability self-serve video hosting service built around a proprietary JavaScript playback system. This approach, which is protected by two dozen pending and granted patents is much more secure and flexible than standard video approaches. Play MPE® (www.plaympe.com) provides a standardized method to securely and cost effectively distributes pre-release music to radio stations and other music industry professionals, before it is ready for sale. It is protected by granted security and watermark patents. More information can be found at www.dsny.com.

For further information:

Contacts:
Steve Vestergaard
CEO Destiny Media Technologies, Inc.
604 609 7736 x222

Keith Loh