Destiny Media Technologies' CEO Discusses Universal Music Group Contract in CEOcast Interview.

VANCOUVER, British Columbia -- Destiny to Receive Revenues Immediately For Each Digital Track Its MPE Technology Delivers

Destiny Media Technologies, Inc. (OTCBB: DSNY) announced today that its CEO Steve Vestergaard is currently featured in an interview with CEOcast, Inc., operator of a leading investor web site. In the interview, Mr. Vestergaard discusses details regarding the Company's recently announced contract with Universal Music Group (UMG), the world's leading music group (http://www.umusic.com), and Promo Only (http://www.promoonly.com), the world's largest distributor of promotional music and music videos. Under the agreement, UMG has contracted Destiny to customize the MPE delivery system to deliver virtually CD quality music to every US major market radio station.

In the interview, Mr. Vestergaard noted that the Company will immediately begin to receive revenues from the UMG agreement. Destiny will receive a fee for each Digital Track that is distributed using its MPE technology. There are approximately 15,000 radio stations in the U.S. UMG delivers a particular Digital Track to 1,500 to 2,000 stations, depending upon the type of content.

"We believe our agreement with Universal will dramatically change the revenue and earnings profile of the Company," said Mr. Vestergaard. "Not only does Universal anticipate distributing Digital Tracks via our technology to radio stations, but also to industry executives and VIP's. This will increase the number of Digital Tracks distributed substantially, which will increase our revenue even further. Universal has also told us that they will push for widespread adoption of our technology, since broad industry adoption will allow it to save significant amounts of money in distribution costs. We expect to generate substantial revenue from this relationship."

The entire interview is available at www.ceocast.com.

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) and MPE(TM). Established in 1991, the company 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.