VANCOUVER, March 1, 2017 /CNW/ - Destiny Media Technologies
Inc. (the "Company") (TSXV: DSY) (OTCQX: DSNY) announces that at
its annual general meeting (the "Meeting") the shareholders
re-elected Steve Vestergaard and
elected nominees Hyonmyong Cho and S. Jay
Graber to the board of directors of the Company. Both Mr.
Cho and Mr. Graber are expected to be named to the Company's audit
committee.
Mr. Cho is currently a managing member of Greenlaw International
Management Company LLC which manages Greenlaw International LP, a
fund which invests in microcap stocks. From 2002 to 2008, Mr.
Cho was a Managing Director of Forum Partners which managed several
real estate private equity funds in Europe and Asia. At Forum Partners, Mr.
Cho managed a worldwide team tasked with private equity deal
structuring, analysis and negotiation. Prior to Forum
Partners, Mr. Cho was a senior associate at Nassau Capital, whose
only limited partner was Princeton
University, and he was responsible for the due diligence,
negotiation, documentation and monitoring of private equity
transactions. Prior to that, Mr. Cho was a partner in Novalis
Ventures, a venture capital fund focused on early stage investments
in the real estate industry. Before that, Mr. Cho was a Vice
President at Cahill, Warnock & Company, a private equity firm
focused on making direct investments in micro-cap public companies.
Mr. Cho began his career as a financial analyst for Alex Brown & Sons, Inc. in the mergers and
acquisitions, real estate and health care groups. Mr. Cho was a
Morehead Scholar at the University of North
Carolina, graduating with a B.A. in English Literature.
Mr. Graber recently retired as VP of Business Development from
Apex Software LLC., a privately-owned developer of building drawing
and area calculation software for jurisdictional mass appraisal at
the municipal, county, province and statewide level as well as for
the real estate mortgage appraisal industry. Mr. Graber
continues to serve on various committees for the International
Association of Assessing Officers (IAAO) as he remains a business
partner in Apex. Prior to 20 years in the software/technology
arena, Mr. Graber worked in direct sales / sales management for
various manufacturing entities including automotive and decorative
lighting, plastic extrusion, art glass and architectural flooring.
Mr. Graber earned a BS degree in both Business Management and in
Psychology from Eastern Mennonite
College (now EMU).
The Company also reports that Haig Bagerdjian, decided not to
stand for re-election at the Meeting for personal reasons. The
Company thanks Mr. Bagerdjian for the services he provided as a
director and wish him all the best in his future
endeavors.
Steve Vestergaard
CEO
About Destiny Media Technologies, Inc.
Destiny Media
Technologies provides services that enable content owners to
securely display and distribute their audio and video content
digitally through the internet. The Company's two major services
are Clipstream® and Play MPE®. Clipstream (www.clipstream.com) is
an automated high availability self-serve video hosting service
built around a proprietary JavaScript playback system. This
approach, which is protected by two dozen pending and granted
patents is much more secure and flexible than standard video
approaches. Play MPE® (www.plaympe.com) provides a standardized
method to securely and cost effectively distributes pre-release
music to radio stations and other music industry professionals,
before it is ready for sale. It is protected by granted security
and watermark patents. More information can be found at
www.dsny.com.
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements are subject to risks,
uncertainties and assumptions and are identified by words such as
"expects," "intends", "estimates," "projects," "anticipates,"
"believes," "could," and other similar words. All statements
addressing product performance, events, or developments that
Destiny Media Technologies, Inc. expects or anticipates will occur
in the future are forward-looking statements. Because the
statements are forward-looking, they should be evaluated in light
of important risk factors and uncertainties. Should one or
more of these risks or uncertainties materialize, or should any of
Destiny Media Technologies, Inc.'s underlying assumptions prove
incorrect, actual results may vary materially from those currently
anticipated. Except as required by law, Destiny Media
Technologies, Inc. disclaims any obligation to update or publicly
announce any revisions to any of the forward-looking statements
contained in this press release. There can be no assurance
that such statements will prove to be accurate and actual results
and future events could differ materially from those anticipated in
such statements.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
SOURCE Destiny Media Technologies, Inc.