May 18th, 2012
(DSNY.OB) Destiny Media Technologies Wins Patent Litigation
Posted on 16. Mar, 2011 by PublicWire
(PublicWire.com News Release) Destiny Media Technologies, Inc. (OTCBB: DSNY) is pleased to announce that it has prevailed in its patent litigation with a Canadian competitor.
On May 5, 2009, Yangaroo (TSX: YOO) 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. 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. Yangaroo appealed this decision.
On March 10th, 2011 three circuit judges heard oral arguments in Washington DC and on March 14th, affirmed the original decision, dismissing the lawsuit in its entirety.
Company CEO, Steve Vestergaard comments “While we were always confident in our ultimate success, we are happy to put the expense and the time devoted to this vexatious litigation behind us. We believe this frivolous suit had no foundation but was intended to hinder our leading market position.”
The Company also notes that it will be filing a motion for costs.
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 and a product overview is available at http://www.dsny.com/pres/index.htm
Trading Symbols
Destiny Media trades Over The Counter As DSNY (OTCBB:DSNY, DSNY.OB, DSNY.OTCBB, DSNY)
About PublicWire.com
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OTCBB:DSNY, DSNY.OB, DSNY.OTCBB, DSNY
The symbols “OTCBB:DSNY, DSNY.OB, DSNY.OTCBB, DSNY” reflect the variety of methods Destiny Media lists their stock as, and were valid at the time of original publication of this press release.
(PublicWire.com News Release) Destiny Media Technologies, Inc. (OTCBB: DSNY) is pleased to announce that it has prevailed in its patent litigation with a Canadian competitor.
On May 5, 2009, Yangaroo (TSX: YOO) 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. 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. Yangaroo appealed this decision.
On March 10th, 2011 three circuit judges heard oral arguments in Washington DC and on March 14th, affirmed the original decision, dismissing the lawsuit in its entirety.
Company CEO, Steve Vestergaard comments “While we were always confident in our ultimate success, we are happy to put the expense and the time devoted to this vexatious litigation behind us. We believe this frivolous suit had no foundation but was intended to hinder our leading market position.”
The Company also notes that it will be filing a motion for costs.
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 and a product overview is available at http://www.dsny.com/pres/index.htm
Trading Symbols
Destiny Media trades Over The Counter As DSNY (OTCBB:DSNY, DSNY.OB, DSNY.OTCBB, DSNY)
About PublicWire.com
PublicWire.com is a Small Cap Financial Press Release Company that uses a variety of cutting edge methods to syndicate your Small Cap Press Release to various news and information outlets. Our press releases have consitantly placed the Small Cap Companies we work with on the first result page of major search engines such as Google, Bing, and Yahoo. We work exclusively with Pinksheet and Over The Counter (PK and OTCBB) Companies to ensure maximum exposure for their Press Releases.
To maximize your OTCBB / Pinksheet / Small Cap Company Press Release, call us directly at 407-218-7446.
OTCBB:DSNY, DSNY.OB, DSNY.OTCBB, DSNY
The symbols “OTCBB:DSNY, DSNY.OB, DSNY.OTCBB, DSNY” reflect the variety of methods Destiny Media lists their stock as, and were valid at the time of original publication of this press release.
Worldwide Energy and Manufacturing (WEMU.OB) Announces New Customers for Contract Manufacturing Division
Posted on 02. Dec, 2009 by PublicWire in Energy
2 December 2009 (PublicWire) — Worldwide Energy and Manufacturing USA, Inc. (OTCBB: WEMU), a U.S.-based solar module technology and China manufacturing company specializing in products for customers in the solar energy, aerospace, wireless telecommunications, medical equipment and automotive industries, today announced the signing of three new customers with contracts totaling $760,000. The new orders are expected to add to revenues and earnings in the fourth quarter of 2009 and continuing through 2010.
Shanghai Intech Electric and Electronics Co. Ltd., one of Worldwide Energy’s China-based manufacturing subsidiaries, signed a new customer, Shanxi Guangyu Power Supply Co., Ltd., to an initial $600,000 contract for LED power supply products. Additionally, Shanghai Intech Precision Mechanical Products Manufacturing Co. Ltd., a wholly owned China-based subsidiary, added two new customers — Shanghai Wuteng Hardware Factory and Su Zhou Weitang Metal Factory — for die-casting contracts totaling $160,000.
Jimmy Wang, chief executive officer of Worldwide Energy and Manufacturing, stated: “We are very excited about adding these three new customers. Though our solar division is experiencing rapid growth and accounts for over 78% of our revenues, we continue to add new customers to our contract manufacturing division.”
“The quality of our precision-made parts and our superior turnaround time gives us a strong competitive advantage,” continued Wang. “We expect that the contract with Shanxi Guangyu, a major power supplier in the Shanghai area, will add to our fourth quarter 2009 revenues and in 2010. We also expect the two new die-casting customers to add at least 20% to revenues and earnings of our die-casting factory in this year’s fourth quarter and in 2010.”
About Worldwide Energy and Manufacturing USA, Inc.
Worldwide Energy and Manufacturing USA, Inc. (”Worldwide”), headquartered in South San Francisco, California, is a 16-year-old engineering-oriented firm specializing in photovoltaic (PV) panel, mechanical, electronics and fiber optic products manufacturing. The company’s worldwide customer base includes the industries of solar energy, wireless telecommunications, aerospace, automobiles and medical equipment. Subsidiaries include Shanghai Intech Electro Mechanical Products Co. Ltd., Shanghai Intech Electronics Manufacturing Co. Ltd. and Shanghai Intech Precision Mechanical Products Manufacturing Co. Ltd., located in Shanghai, China.
For further information on Worldwide Energy and Manufacturing USA, Inc., please visit http://www.wwmusa.com.
Forward-looking statements:
The above news release contains forward-looking statements. The statements contained in this document that are not statements of historical fact, including but not limited to, statements identified by the use of terms such as “anticipate,” “appear,” “believe,” “could,” “estimate,” “expect,” “hope,” “indicate,” “intend,” “likely,” “may,” “might,” “plan,” “potential,” “project,” “seek,” “should,” “will,” “would,” and other variations or negative expressions of these terms, including statements related to expected market trends and the Company’s performance, are all “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances, and are subject to a wide range of external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission. Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company’s expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based.
Contact:
Worldwide Energy and Manufacturing USA, Inc.
Jimmy Wang
650-794-9888, Ext. 221
jimmyw@wwmusa.com
http://www.wwmusa.com
Investor relations:
Dave Gentry
RedChip Companies, Inc.
1-800-733-2447, Ext. 104
info@redchip.com
http://www.RedChip.com