Destiny Announces Distribution of MP3 Music with ValuSoft, GT Interactive, Walmart — Features New Release by Bill Wyman in Unique Secure MP3 Format

Business Wire, Oct 8, 1999

VANCOUVER, B.C.--(BUSINESS WIRE)--Oct. 8, 1999--

Destiny Software Productions Inc., a wholly owned subsidiary of Euro Industries Ltd. (Pink Sheets:EUIN), is pleased to announce a publishing deal with ValuSoft Inc.

A collection of MP3 music will be bundled with the Destiny Media Player(TM) and will be distributed globally by GT Interactive (Nasdaq:GTIS). Walmart has placed an initial order of 20,000 units, which will be available to consumers by the end of October 1999.

This CD will be the first in a series of MP3 music collections produced by Destiny. Volume 1 of MP3 Jukebox includes a new independent release by Bill Wyman, bass guitarist of the Rolling Stones. This premier release will also feature sixty artists who have partnered with the company. CD's in this series will each contain up to 150 songs in the MP3 format and will sell for $9.95.

"This is the first MP3 compilation to be sold in the North American retail channels," states Ed Kolic, Destiny's VP of Marketing. "We expect this title to sell extremely well because of the increasing consumer awareness for the MP3 music format and because we are first to market. We are very pleased to see that a retailer, the caliber of Walmart, sees the potential of this new hybrid category which appeals to both the music and computer software channels."

The Destiny Media Player(TM) plays CD's, MP3's, .wav and midi files and receives internet radio stations broadcasting on the RadioDestiny Broadcast Network(TM). To date, 6500 broadcasters have registered to use the free broadcast software. This proprietary webcasting technology competes with software offered by Real Networks (Nasdaq:RNWK) and Microsoft (Nasdaq:MSFT). The Destiny Media Player(TM) and RadioDestiny Broadcaster(TM) software are available for download from http://www.radiodestiny.com.

Destiny Software Productions, Inc. was founded in 1991 as an entertainment software development company. Entertainment software development is provided through the recently acquired subsidiary, Wonderfall Productions, Inc. (http://www.wonderfall.com). Telefilm Canada has provided funding to assist development of a multiplayer internet based game which will showcase the company's streaming technologies.

Other products being developed using the Destiny proprietary audio compression format include an internet phone and java based web audio player, which will be marketed through http://www.streamingaudio.com.

CONTACT: Paul Andreola Destiny Software Productions Inc 950 - 555 West Hastings Street Vancouver, BC Canada V6B 4N4

Telephone: 604/609-7736 Ext 25 Fax: 604/609-0611 Website: http://www.radiodestiny.com email: paul@dice.net

"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.