Destiny Software Productions Inc., Provider of Streaming Media Technologies and MP3 Playback of Digital Music, Announces Registration of Its 1000th Internet Radio Broadcaster.VANCOUVER, British Columbia--(BUSINESS WIRE)--Aug. 6, 1999-- Destiny Software Productions Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Euro Industries Ltd. (Pink Sheets:EUIN), announces the registration of one thousand broadcasters to the RadioDestiny Network(TM) (http://www.radiodestiny.com). This number of registered broadcasters was reached within one month of the launch of the RadioDestiny Broadcaster(TM) software. The RadioDestiny Network(TM) can be accessed using the Destiny Media Player(TM). This media player can also be used to play back mp3 music. It is available as one of six featured players on MP3.com (Nasdaq:MPPP (MultiLink PPP) An extension to the point-to-point protocol that enables two channels to be linked together to double the throughput. It is used for ISDN transmission and channel bonding. See PPP, ISDN and channel bonding. ) (http://www.mp3.com/software/ ). Destiny Software is also pleased to announce the appointment of Mark Lotz as Chief Financial Officer. Prior to joining Destiny Software Lotz held the position of examiner with the Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). and was responsible for financial and regulatory compliance of its member brokerage firms. Lotz is a chartered accountant char·tered accountant n. Chiefly British Abbr. CA A member of one of the institutes of accountants granted a royal charter. and was a senior auditor with Coopers and Lybrand. Lotz is also a member of the Board of Examiners of the Institute of Chartered Accountants of British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography . Destiny Software Productions Inc. is a Vancouver, BC based software development company specializing in streaming media and MP3 products. Destiny has created its own proprietary compression format and technologies. Destiny is developing the RadioDestiny Broadcast Network(TM), where commercial and hobbyist radio stations can quickly and easily broadcast on the internet using the free RadioDestiny Broadcaster(TM). The recently released Destiny Media Player(TM) is a combination MP3 player / internet radio receiver which contains a live and real-time directory of all the current broadcasters on the Destiny network. Other products being developed using the Destiny .DNY DNY display area code (NYX) routing (US DoD) DNY Downstate New York proprietary audio compression format include an internet phone and java based web audio player. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. Destiny Software Productions Inc 950 - 555 West Hastings Street Vancouver, BC, Canada V6B 4N4 |
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