VANCOUVER, Sept. 8, 2017 /CNW/ - Destiny Media Technologies
Inc. (TSXV: DSY) (OTCQB: DSNY) today announced that former
President and Chief Executive Officer, Steve Vestergaard, who was dismissed on
June 28, 2017, has filed a Notice of
Civil Claim in the Supreme Court of British Columbia against Destiny Media
Technologies Inc., its subsidiaries, independent directors and
current Chief Executive Officer claiming damages for conspiracy,
breach of contract, wrongful dismissal, defamation and aggravated
and punitive damages.
The company believes the claims are without merit and will
defend itself against the claims.
Mr. Vestergaard currently remains a director of the company.
About Destiny Media Technologies, Inc.
Destiny Media Technologies ("Destiny") provides services that
enable content owners to securely display and distribute their
audio and video content digitally through the internet. Destiny
owns and operates two businesses, Play MPE® and
Clipstream®. Play MPE (www.plaympe.com) provides a
standardized method to securely and cost effectively distribute
pre-release music to radio stations and other music industry
professionals for promotional purposes. Clipstream
(www.clipstream.com) is a video format that plays on any modern
smart phone, tablet, internet, TV, or computer.
SOURCE Destiny Media Technologies, Inc.