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(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

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.


(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.

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