February 7th, 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.
4/9 (SMDI.OB) Stratus Media Group Acquires Exclusive Rights to Mille Miglia Tribute in North America
Posted on 09. Apr, 2010 by PublicWire in General
(PublicWire.com) — Stratus Media Group, Inc. (OTCBB:SMDI – News), a live entertainment company, announces the acquisition of the exclusive rights to produce the Mille Miglia Tribute in North America from MAC Group and the Automobile Club of Brescia, Italy. Stratus will host a Mille Miglia mini-tribute in 10 cities throughout the United States in conjunction with the National Tour D’Elegance vintage auto show series to be televised on Versus Television. In the fall, Stratus will produce a 1,000 mile Mille Miglia Tribute on the California coast, featuring several special stops along the way at various historic and scenic points. With over 300 classic cars per event from all over the world paying an average entery fee of $10,000, the Mille Miglia series televised on Versus is expected to bring a select group of participants and businesses together in an exclusive blend of energy, design, tradition and style.
The 2010 Mille Miglia will take place from May 6th through 9th in Italy. As always, 375 cars will be able to compete in the race. Adding to the fascination, over 100 Ferraris built between 1958 and today will precede the actual race by 30 minutes. The Mille Miglia is an open-road endurance race which is currently one of the most important classic sports cars events in the world. From 1927 to 1957, the Mille Miglia was a legendary speed race focused on drivers, challenges and adventures. Today, the legacy of the Mille Miglia remains strong through the use of yesterday’s cars on today’s roads. After 82 years, Mille Miglia is a unique event offering an extraordinary world-wide promotional stage. In 2009, over 4 million people lined up on the roads to see the cars and more than 1,500 registered journalists from all over the world covered the events.
“I am very pleased that Stratus will bring the Mille Miglia Tribute to North America,” said Jeremy Cable, VP of Motorsports and Car Shows for Stratus. “It is an event with a very special and unique history that we feel will become a premier event for Stratus. It is exciting for us to be part of a historic and completely contemporary global automotive event sure to attract millions of people.”
“The Mille Miglia Tribute is a great strategic complement to our auto shows,” said Paul Feller, President and CEO of Stratus. “By providing an exciting new tradition to our core market of automobile enthusiasts, we can realize additional revenues while enhancing the experience for those attending our shows, and bring a dash of old-world style and celebrate some of the greatest racing cars ever built.”
About Stratus Media Group, Inc.
Incorporated in November of 1998, Santa Barbara-based Stratus Media Group is an owner, operator and marketer of live entertainment and sporting events. The company is primarily focused on internal growth and acquisitions within the live entertainment-related market, including action sports, automotive shows, college sports, food events, motor sports, music concerts and festivals, running events, diversified media marketing, trade shows and expositions, and talent management. In addition, the company intends to expand its consumer rewards marketing and redemption activities through its Stratus Rewards Visa White Card — providing exclusive redemption benefits to its cardholders in the form of VIP event access, luxury trips, private jet travel, luxury automobiles, high-end merchandise and other rewards for specified levels of use. For more information on Stratus Media Group, Inc., go to www.stratusmediagroup.com.
Forward Looking Statements
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors which include but are not limited to risk factors inherent in doing business. Although the company’s management believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
Contact:
Stratus Media Group
Christine Kolenik
Public Relations and Media Marketing
800-594-7734
Christinek@stratusmediagroup.com
Facebook: http://www.facebook.com/pages/Stratus-Media-Group-Inc/139769168668?ref=ts
Twitter: http://twitter.com/stratusmedia
2/26 (SMDI.OB) Stratus Media Group Names New COO of ProElite
Posted on 26. Feb, 2010 by PublicWire in Featured
(PublicWire) — Stratus Media Group, Inc. (OTCBB: SMDI), a live entertainment company, announced today that William Kelly has been appointed to the position of Chief Operating Officer of both Stratus Media Group and ProElite, Inc. Mr. Kelly previously held the position of Chief Operating Officer of ProElite from its inception until October 2008.
“I am very pleased to appoint William as Chief Operating Officer,” stated Paul Feller, President and CEO of Stratus, “Due to Stratus’ plans for rapid growth over the next year, we identified the need to hire a person of exceptional talent and experience as COO to manage the daily operations of both our existing companies and the integration of newly acquired companies and events. In addition to his experience at ProElite and his knowledge of the MMA business, Mr. Kelly’s background is an ideal fit for our requirements and we are happy to have such a valuable addition to our team.”
Mr. Kelly brings over two decades of entertainment and media operations and management experience to Stratus. Prior to ProElite, Mr. Kelly Co-founded Television Korea 24 Inc. (tvk24) in 2003, where he served as Chief Operating Officer. In 2001, Mr. Kelly joined the Extreme Sports Channel as Chief Operating Officer International and prior to Extreme Sports Channel, Mr. Kelly held the following positions:
- NBC Internet – Vice President and Head of International (San Francisco)
- CNBC Asia – Vice President (Singapore)
- Turner Broadcasting International (Asia) – President (Tokyo)
- Long Term Credit Bank of Japan (Tokyo)
- Allied Irish Banks (Ireland)
Kelly, a native of Ireland, holds various qualifications in banking, international business and foreign languages.
“I’m pleased to be joining Stratus at this exciting stage of the company’s growth,” stated William Kelly. “I believe there are tremendous opportunities in expanding the Stratus model into new geographic and market areas to aggregate live entertainment content on a global basis.”
About Stratus Media Group, Inc.
Incorporated in November of 1998, Santa Barbara based-Stratus Media Group is an owner, operator and marketer of live entertainment and sporting events. The company is primarily focused on internal growth and acquisitions within the live entertainment-related market, including action sports, automotive shows, college sports, food events, motor sports, music concerts and festivals, running events, diversified media marketing, trade shows and expositions, and talent management. In addition, the company intends to expand its consumer rewards marketing and redemption activities through its Stratus Rewards Visa White Card — providing exclusive redemption benefits to its cardholders in the form of VIP event access, luxury trips, private jet travel, luxury automobiles, high-end merchandise and other rewards for specified levels of use. For more information on Stratus Media Group, Inc., go to www.stratusmediagroup.com.
About ProElite, Inc. (www.proelite.com)
Founded in 2006, ProElite still holds the record for highest ratings for a major network telecast of a MMA event. ProElite also owns a web portal with social networking for MMA fighters and fans and live streams of MMA bouts not broadcast on television. ProElite, Inc. historically has delivered exciting entertainment experiences in the world of mixed martial arts (MMA) with live arena-based entertainment events, cable television programming on Showtime Networks and community-driven interactive broadband entertainment via the Internet. ProElite plans to deliver live MMA fight events that showcase the world’s top fighters internationally.
Forward Looking Statements
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors which include but are not limited to risk factors inherent in doing business. Although the company’s management believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
SOURCE: Stratus Media Group, Inc.