Destiny Media Technologies, Inc. Announces First Clipstream Live Webcast; Live Broadcast of Championship Auto Racing Teams Awards Banquet.

Business/High-Tech Editors, Automotive Writers

VANCOUVER, British Columbia--(BUSINESS WIRE)--Nov. 21, 2002

Destiny Media Technologies (OTCBB:DSNY) (Berlin:DME;935 410) announces the 2002 awards banquet for Championship Auto Racing Teams will be held in Miami, Fl. on Friday, November 22 and is due to be broadcast live on CART.com using Clipstream Live(TM) technology.

CART.com will stream the evening's activities live on the website http://www.cart.com/ starting at 7:00 p.m. ET and continuing to the end of the ceremony at 10:00 p.m. ET.

CART.com is also embedding Clipstream(TM) directly inside their newsletters, so subscribers can receive video updates on recent races.

Destiny Business Development Representative, Steve McKay comments on the opportunity, "CART was able to see a return on investment that was very compelling. Clipstream Live(TM) is an affordable way for content owners and broadcasters to reach out to their audience. I would like to thank our partner VFX Digital Solutions (http://www.vfx.com/) for working with us to establish this relationship."

Clipstream Live(TM) sells for $2995 + $500 for each additional camera above the first one. Broadcasters need minimal equipment. A standard consumer PC with a video signal can either broadcast directly through a high bandwidth connection or it can broadcast to the Clipstream Video Repeater(TM) running on a remote site with a high bandwidth connection. Because Clipstream(TM) doesn't require a player it reaches almost three times the audience of alternative solutions. It can be embedded directly in emails and web pages so users aren't required to leave the content owner's page to see the content.

A sample of Clipstream Live(TM) running a live TV signal on a four second delay is available at: http://www.clipstream.com/products/live/index.shtml.

About Destiny

Destiny Media Technologies, Inc. (http://www.dsny.com) is a leader in developing easy-to-use tools for distributing digital media through the Internet. The company's suite of streaming and downloadable products includes: Clipstream(TM), Destiny Media Player(TM), Radio Destiny(TM), Pirate Radio(TM) and MPE(TM). Established in 1991, the operating subsidiary, Destiny Software Productions, Inc. is headquartered in Vancouver, Canada.

"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This release contains forward looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.