Destiny Media Technologies Announces Clipstream Compatibility With Wireless Devices; Java Based Streaming Technology Successfully Tested On Symbian Epoc Platform.

Business Editors/High-Tech Writers

VANCOUVER, British Columbia--(BUSINESS WIRE)

June 07, 2001 Destiny Media Technologies, Inc. (OTCBB: DSNY) is pleased to announce that the Clipstream(TM) and VideoClipstream(TM) playerless, java streaming technology has been successfully tested on the Symbian Epoc emulator. Symbian is owned by Ericsson (ERICY-Nasdaq), Motorola (MOT-NYSE), Nokia (NOK-NYSE), Panasonic and Psion (PON-TSE). Symbian's mission is to set the standard for mobile wireless operating systems and to enable a mass market for wireless information devices.

Destiny VP Sales, Mark Toffoli sees a large market for Clipstream within java based wireless devices. "Unlike a player based streaming solution which is tied to a particular computer operating system, Clipstream is compatible with a wide variety of java devices. The emerging wireless market is a large opportunity for us."

Symbian believes more than 600 million people will have mobile communication/information devices by 2002. These will either be smartphones, combining communication and PIM functionality, or more fully-featured wireless information devices that will combine today's notebook, mobile phone and PDA in a single unit. According to Symbian, EPOC32 has a number of characteristics - modularity, scaleability, low power consumption, compatibility with RISC chips like the StrongARM - that make it ideal for these devices.

In addition to the partnerships that Symbian has with its shareholders, Symbian has close partnerships with the major players in the wireless industry, including Oracle, Sun, NTT DoCoMO, and Sybase.

"It is difficult to create a codec which will work on the limited resource environment of a portable device," explains Destiny president Steve Vestergaard. "Most streaming codecs are too CPU intensive to work well on a portable device. This barrier to entry means that there are few competitors in this space."

Many companies are working towards making Java a standard for wireless devices. Japanese electronic control components maker Omron Corp. announced recently that it has developed a microprocessor for cell phones that is 10 times faster than existing processors. The chip, designed to process the flexible Java programming language, was developed for third-generation (3G) mobile phones, which can download mini Java programs from the Internet at transmission speeds six to 40 times faster than existing services. Omron aims to ship 10 million chips in two years for 3G cell phones.

A proprietary technology developed by Destiny, the Clipstream(TM) product suite enables the delivery of streaming media directly from a banner, e-mail or web page without the need for an external player or plug-in. As a java-based technology, Clipstream(TM) can be viewed by approximately 93% of web users, whereas Current player based solutions such as Real Player (RNWK-Nasdaq) or Windows Media Player (MSFT-Nasdaq) require special servers and external players. Media Metrix reports show that only 40% of web users actually use the Real or Microsoft media players Clipstream (TM) is one of the only streaming formats to be readily accessible through firewalls and is natively supported by standard HTTP serving infrastructure.

Destiny Media Technologies, Inc. (http://www.dsny.com) is a leader in developing easy-to-use tools and enabling technologies to distribute digital media through the Internet. The company's suite of streaming and downloadable products includes: MPE(TM) (http://www.destinympe.com), a complete, secure media distribution system that provides e-commerce and digital rights management directly from within an MP3-compatible multimedia file; Clipstream(TM) (http://www.clipstream.com), a java-based tool which enables web pages, e-mail and banners to stream audio without the use of a player; Video Clipstream(TM) (http://www.videoclipstream.com), a technology for embedding streaming video into a web page or e-mail; and the RadioDestiny Broadcaster(TM) (http://www.radiodestiny.com), which allows a user to webcast live or scripted internet radio from a computer to anyone on the Internet. Established in 1991, the company is headquartered in Vancouver, Canada.

For more information, contact:
Destiny Media Technologies, Inc.
Media:
Ed Kolic
Chief Operating Officer
604-609-7736 ext. 224
[e-mail]

"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.