VANCOUVER, British Columbia, March 19, 2003 (PRIMEZONE) -- Destiny Media Technologies, Inc. (OTCBB:DSNY) (Berlin:DME 935 410) is pleased to announce a Clipstream(tm) license for use on four business units of one of the largest investment site portals on the internet.
If the pilot is successful, there are provisions for Clipstream(tm) to be used across all the business units. We are contractually restricted from revealing the name of the company, but it is a global investment site with $1.4 trillion under management. In addition to several hundred mutual funds, they offer discount brokerage services, retirement services, estate planning, wealth management, securities execution and clearance and life insurance.
John Pillsbury, Destiny Business Development comments, "Destiny was chosen as the best solution in a 'request for proposals' process, which put our technology against almost every other streaming solution. The agreement allows this site to use Clipstream(tm) for video demonstrations of their products, video banner advertising, email marketing and audio based website navigation."
About Destiny
Destiny Media Technologies, Inc. (http://www.dsny.com) is a leader in developing easy-to-use tools for distributing digital media through the Internet. The company's suite of streaming and downloadable products include: Clipstream(tm), Destiny Media Player (tm), Radio Destiny (tm) and MPE (tm). Established in 1991, the company is headquartered in Vancouver, Canada.
"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.
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