YANGAROO PARTNERS WITH D-STAR FOR AUSTRALIAN AND NEW ZEALAND MARKETS
Exclusive Multi-year Deal For Digital Delivery of Broadcast Audio and Video
TORONTO, May 5 /PRNewswire/ - YANGAROO Inc., (TSX-V: YOO, OTCBB: YOOIF) the industry's leading secure digital media distribution company, has entered into an exclusive multi-year agreement with D-Star Music Delivery Pty Ltd ("D-Star"), a member of the Shooting Star Pictures group of companies. The Shooting Star Group is one of Australia's leading creative production businesses, servicing the entertainment industry and the corporate market. The initial focus will be on the delivery of music to radio, press and other destinations and will launch immediately, branded as D-Star, powered by DMDS. This will be followed by the delivery of full broadcast quality SD and HD music video and advertising files to television broadcasters and movie theatres throughout Australia and New Zealand.
The parties have entered into an exclusive three year renewable agreement whereby YANGAROO will provide its patented industry leading Digital Media Distribution System (DMDS), and D-Star will provide local marketing and customer support, utilizing the Shooting Star Group's extensive resources, leading market presence and proven industry expertise.
Effective immediately new releases from major and independent record labels are available for streaming or download at www.dstar.com.au. New releases from the last few weeks are also available should they be required for on-air consideration.
"We are very excited to offer this new and improved service to the industry we have been servicing for many years," said Peter Skillman, CEO of the Shooting Star Group. "We can now, not only offer the latest cutting edge technology for audio delivery, but also broadcast quality video delivery as we move forward."
"This is another example of how we are executing on our profitable growth strategy and monetizing the investment made in DMDS 5.0," said Scott Wambolt, CEO of YANGAROO Inc. "I look forward to a long and mutually rewarding relationship with Peter Skillman and his excellent team at the Shooting Star Group," said Cliff Hunt, Chairman and COO of YANGAROO Inc. "The Australian and New Zealand markets are strong and growing, and we are excited about the significant new revenue opportunities that this relationship provides."
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 replaces the physical distribution of audio and video content for music, music videos, and advertising to television, radio, media, retailers, and other authorized recipients with more accountable, effective, and far less costly digital delivery of broadcast quality media via the Internet. The DMDS Awards platform powers the world's major music industry awards shows.
Named one of Canada's Top 100 Tech Companies for 2009 by Canadian Business, YANGAROO has offices in Toronto, New York, Los Angeles, and Dallas. YANGAROO trades on the TSX Venture Exchange (TSX-V) under the symbol YOO and in the U.S. underOTCBB: YOOIF. For further information, please contact Scott Wambolt at 416-534-0607 ext.111 or visit www.yangaroo.com.
About D-Star/Shooting Star:
Behind every great production is a great production company.
The Shooting Star Group is one of Australia's leading creative production businesses servicing the entertainment industry and corporate market. The Shooting Star Group was established 16 years ago and is now at the forefront of commercial and television production, post-production and, with D-Star, the digital delivery of promotional audio and video assets. The Shooting Star Group has also become a major force with its cinema advertising sales arm, Star Media and Star Media Platinum, and is pioneering the delivery of high-definition cinema advertising. Whether you require television programming or a live concert shoot, corporate video presentation or any form of media advertising, we're the team that turns your ideas into reality.
The Shooting Star Group is one of Australia's most awarded entertainment industry production businesses, with clients such as Sony Corporation, Amalgamated Holdings Ltd, TV1, Blake Advertising, Duet Entertainment, Warner Music, Liberation Music, Foxtel, Coca Cola, Sydney Olympics, The Boy From Oz, APRA, ARIA, AIR, Westfield, Fairfax, Telstra and Bridge Climb.
The Group is headquartered in Sydney, Australia.
The statements contained in this release that are not purely historical are forward-looking statements and are subject to risks and uncertainties that could cause such statements to differ materially from actual future events or results. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
SOURCE YANGAROO Inc.
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