Destiny Media Announces Q1 Results

                      Destiny Media Announces Q1 Results

PR Newswire

VANCOUVER, Jan. 15, 2013

Net Income Strengthens Over Prior Year

VANCOUVER, Jan. 15, 2013 /PRNewswire/ - Destiny Media Technologies (TSXV: DSY)
(OTCBB: DSNY) is pleased to announce Q1 results which cover the period
September 1 - November 30^th, 2012. Total revenue of $1,063,867 was up 13%
from the prior quarter reflecting the seasonality of the Play MPE® media
delivery service but down 5% from the prior year due in part to unfavorable
exchange rates and slightly reduced record label activity in North America.

Net income increased to $160,050 from $12,555 in 2012 as litigation costs were
virtually eliminated. Total expenses of $859,483 were down 23% from the prior
year, reflecting a 60% decline in G&A expenditures.

                                                   2012       2011
                                                      $          $
Service revenue                               1,063,867  1,124,617
Operating expenses                                               
General and administrative                      191,257    477,878
Sales and marketing                             240,218    198,873
Research and development                        400,352    418,114
Depreciation and amortization                    27,656     14,375
                                                859,483  1,109,240
Income from operations                          204,384     15,377
Other income (expenses)                                          
Interest income                                  20,666     2,812
Interest and other expense                            —      (634)
Income before provision for income taxes        225,050     17,555
Deferred income tax recovery (expense)         (65,000)    (5,000)
Net income                                      160,050     12,555
Other comprehensive income (loss), net of tax                    
Foreign currency translation adjustments        (5,516)   (54,606)
Other comprehensive income (loss)               154,534   (42,051)
Net income per common share, basic and diluted     0.00       0.00

About Destiny Media Technologies, Inc.
Universal, EMI, Warner, Sony and one thousand other labels use Destiny's
secure distribution service to deliver most of their pre-release music to
radio, online retail, DJ's, sports stadiums, journalists and VIP. Destiny's
instant play streaming includes internet radio, internet TV, online surveys
and new cloud and mobile offerings. Patents include watermarking, peer to peer
locking and pending cross platform playerless streaming video.

SOURCE Destiny Media Technologies, Inc.


Media Contact:
Fred Vandenberg
CFO Destiny Media Technologies, Inc.
604 609 7736 x236
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