Canadian deliveries Increase 120%
YANGAROO Inc., (TSX-V: YOO, OTCBB: YOOIF), the industry’s leading secure digital media distribution company, is pleased to announce that ’08 was a record year for the company on many fronts. Deliveries made in the United States by Yangaroo’s patented Digital Media Distribution System (DMDS) during the past year surpassed 2M, a jump of 60% over ’07.
Canadian deliveries continued to grow at a remarkable rate, more than doubling with an increase of 120% over the previous year. The number of songs delivered by DMDS to radio, press, and other destinations grew by 90% to 21K in ’08. This growth is a result of increased usage by major and independent record labels, as well as the addition of new radio destinations and the expansion of deliveries to other destinations such as newspapers, magazines, and other media outlets, the company stated.
“The growth in usage of DMDS during 2008 was quite remarkable, especially in light of the economic downturn in the year,†said John Heaven, President and CEO of Yangaroo Inc. “During periods of financial stress, organizations search for better and more efficient ways to do things, and DMDS is the obvious solution for the music industry. In ’08 the U.S. and Canadian music markets continued their escalating adoption of DMDS, and in ’09 we expect to further monetize this growing usage. With the impending launch of our new generation of DMDS 5.0 software and the allowance of our U.S. patent, we fully expect this growth to continue at an accelerated rate.â€
About YANGAROO:
Yangaroo’s patented Digital Media Distribution System (DMDS) is a leading secure B2B digital delivery solution for the music and advertising industries. DMDS is a web-based delivery system that pioneers secure digital file distribution by incorporating biometrics, high-value encryption and watermarking. DMDS replaces the physical distribution of musical recordings and advertising to radio, media, retailers and other authorized recipients with more accountable, effective, and far less costly digital delivery of broadcast quality media via the Internet.
Yangaroo’s DMDS has made over 6M deliveries of over 21,000 songs from more than 600 record labels to destinations which include radio stations representing over 35 US broadcast chains. U.S. record labels made over 2M deliveries of songs via DMDS in 2008. DMDS is the only system that can digitally deliver music across the U.S., Canada and the UK. YANGAROO has offices in Toronto, New York, Los Angeles, and London, UK. YANGAROO trades on the TSX Venture Exchange (TSX-V) under the symbol YOO and in the U.S. under OTCBB:YOOIF. For further information, please contact John Heaven at 905-763-3553 or visit www.yangaroo.com.
