Destiny Media Wins Patent Litigation
(firmenpresse) -
Destiny Media Wins Patent Litigation
Court Rules Against Yangaroo and Dismisses Lawsuit
Vancouver, BC – June 7, 2010 – Destiny Media Technologies (OTCBB: DSNY) is very pleased to announce that it has prevailed in its US Patent litigation against Yangaroo Inc. (YOO-TSX, YOOIF-Pinksheets).
On June 7, 2010, the Honorable William C. Griesbach ruled in Destiny’s favor, directing the Clerk to dismiss Yangaroo’s claim in its entirety.
Destiny CEO, Steve Vestergaard says the fast track dismissal was possible because the case was without merit. “We are happy to put this completely unnecessary and vexatious litigation behind us and continue to focus on growing what is already the world’s leading distribution system. Because this claim was filed last year without any realistic chance of success, we plan to seek legal fees and other costs from Yangaroo.”
On May 5, 2009, Yangaroo, a competitor in the Canadian market, had filed a complaint for patent infringement against Destiny, claiming that Destiny’s Play MPE® secure distribution system infringed on their US patent number 7,529,712, issued the same day.
“We are happy to realize a significant reduction in the costs of defending our customer’s ability to choose the system they quite obviously prefer.” adds Fred Vandenberg, CFO.
The company has also filed a motion to dismiss a claim for defamation in Canada as the company believes these claims have absolutely no merit.
About Destiny Media Technologies
Destiny Media (http://www.dsny.com) 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. Real time usage statistics are available at http://www.plaympe.com/v4/company/plaympestats.php
Company Contact:
Fred Vandenberg CFO
Destiny Media Technologies, Inc.
604 609 7736 x236
fredv(at)dsny.com
Safe Harbor Statement: "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.
Leseranfragen:
DESTINY MEDIA
Address:
#800 - 570 Granville St.
Vancouver, B.C. Canada
V6C 3P1
General
1-800-8-DESTINY
1-800-833-7846
Phone (604) 609-7736
Fax (604) 609-0611
Investment Inquiries
Steve Vestergaard (CEO)
(604) 609-7736 ext. 222
Fred Vandenberg (CFO)
(604) 609-7736 ex.236
Datum: 08.06.2010 - 13:35 Uhr
Sprache: Deutsch
News-ID 22097
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contact information:
Town:
Wien
Kategorie:
Business News
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