VANCOUVER, May 29, 2014 /CNW/ - Destiny Media Technologies (TSXV: DSY) (OTCQX: DSNY) announces that its board of directors set the annual compensation payable to each member of the board of directors at $48,000 per annum for the period from June 1, 2014 to May 31, 2015 (the "Director Compensation"). The Director Compensation is in addition to any existing compensation paid to the executive director of the Company. On Behalf of the Board of Directors Steve Vestergaard CEO Destiny Media Technologies provides services that enable content owners to securely display and distribute their audio and video content digitally through the internet. The Company's two major services are Clipstream and Play MPE®. Clipstream (www.clipstream.com) is a video format that plays on any modern smart phone, tablet, internet, TV, or computer. With Clipstream, there is no player to configure or install, videos never go obsolete, and there are up to 90% cost savings by reducing the use of transcoding, infrastructure and bandwidth. Play MPE (www.plaympe.com) provides a standardized method to securely and cost effectively distribute pre-release music to radio stations and other music industry professionals, before it is ready for sale. More information can be found at www.dsny.com. Safe Harbor Statement This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as "expects," "intends", "estimates," "projects," "anticipates," "believes," "could," and other similar words. All statements addressing product performance, events, or developments that Destiny Media Technologies, Inc. expects or anticipates will occur in the future are forward-looking statements. Because the statements are forward-looking, they should be evaluated in light of important risk factors and uncertainties. Should one or more of these risks or uncertainties materialize, or should any of Destiny Media Technologies, Inc.'s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. Except as required by law, Destiny Media Technologies, Inc. disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this press release. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. SOURCE Destiny Media Technologies, Inc. Steve Vestergaard CEO Destiny Media Technologies, Inc. 604 609 7736 x222 Investor Relations: Dave Mossberg Three Part Advisors 817-310-0051 To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/May2014/29/c7614.html CO: Destiny Media Technologies, Inc. ST: British Columbia NI: SOF
Destiny Media Sets Directors' Compensation
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