YANGAROO and Warner Music Canada Extend Agreement for Use of DMDS

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December 6th, 2008 Leave a comment Visited 32 times, 1 so far today

YANGAROO Inc., (TSX-V: YOO, OTCBB: YOOIF), the industry’s leading secure digital media distribution company, has announced a two-year extension of its agreement with Warner Music Canada, one of the country’s leading music companies, for distribution of promotional music and music videos to radio, television, press, and other destinations via YANGAROO’S Digital Media Distribution System (DMDS). Warner Music has been using DMDS commercially in Canada since 2004.

“As I have said in the past, DMDS is the gold standard for digital delivery and we are happy to extend our agreement with YANGAROO,” said Steve Kane, President and CEO Warner Music Canada. “The Canadian music industry has led the world in the move to digital delivery of promotional music. It is more efficient, less expensive and far more environmentally friendly.”

“Warner Music Canada was one of the first major labels to recognize the commercial and ecological advantages of DMDS,” said John Heaven, President and CEO, YANGAROO, Inc. “The extension of our agreement into 2011 underscores the trusted partnership that we and Warner have built together in making DMDS the digital delivery standard in Canada.”

About Warner Music Canada:

Warner Music Canada, part of the Warner Music Group is the only publicly traded, stand-alone music company in the United States. With its broad roster of new stars and legendary artists, Warner Music Group is home to a collection of some of the best-known record labels in the music industry including Asylum, Atlantic, Bad Boy, Cordless, East West, Elektra, Nonesuch, Reprise, Rhino, Roadrunner, Rykodisc, Sire, Warner Bros. and Word. Warner Music International, a leading company in national and international repertoire, operates through numerous international affiliates and licensees in more than 50 countries. Warner Music Group also includes Warner/Chappell Music, one of the world’s leading music publishers, with a catalog of more than one million copyrights worldwide. For more information about Warner Music Canada, visit http://www.warnermusic.ca

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 is a web-based delivery system that pioneers secure digital file distribution by incorporating biometrics, high-value encryption and watermarking. DMDS replaces the physical distribution of musical recordings and advertising to radio, media, retailers, and other authorized recipients with more accountable, effective, and far less costly digital delivery of broadcast quality media via the Internet.

YANGAROO’s DMDS has made over six million deliveries of over 12,000 songs from more than 600 record labels to destinations which include radio stations representing over 35 U.S. broadcast chains. U.S. record labels delivered 1.3 million songs via DMDS in the U.S. in first nine months of 2008. DMDS is the only system that can digitally deliver music across the U.S., Canada, and the UK.

YANGAROO has offices in Toronto, New York, Los Angeles, and London, UK. YANGAROO trades on the TSX Venture Exchange (TSX-V) under the symbol YOO and in the U.S. under OTCBB:YOOIF. For further information, please contact John Heaven at 905-763-3553 or visit www.yangaroo.com.

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.

Contacts

YANGAROO:
Trylon SMR
Matthew Caldecutt, 212-725-2295
matthew {at} trylonsmr(.)com
OR
Gina Preoteasa, 212-725-2295
gina {at} trylonsmr(.)com





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