Destiny Media Technologies Inc. Form 10-SB; S.E.C. Comments Cleared

Business Wire, May 12, 2000

Business Wire

VANCOUVER, British Columbia--(BUSINESS WIRE)--May 12, 2000

Destiny Media Technologies, Inc. (Pink Sheets:DSNY) is pleased to announce today that it has received confirmation that the company's 10SB filing with the Securities Exchange Commission has cleared comments.

The Company became a "reporting company" effective on January 29, 2000, as that term is defined in the Securities Exchange Act of 1934. The company's annual, quarterly and all other reports required by the Commission can be found at www.freeedgar.com (Central Index Key: 0001099369).

Destiny Media Technologies, Inc. (http://www.dice.net) has developed a suite of enabling tools, which facilitate the distribution of digital media through the internet in either a streaming or downloadable form.

The RadioDestiny Broadcaster(TM) (http://www.radiodestiny.com) allows a user to broadcast live or scripted audio from a computer to anyone on the Internet. Clipstream(TM) (http://www.clipstream.com) enables web pages to stream audio without the use of a player.

The MPE(TM) (http://www.destinympe.com) system provides e-commerce and digital rights management directly from within a multimedia file. MPE(TM) delivers MP3 files in a secure wrapper, and is compatible with existing MP3 infrastructure and devices.

"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.