Destiny Media Sets Directors' Compensation
VANCOUVER, May 29, 2014
VANCOUVER, May 29, 2014 /PRNewswire/ - 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
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.
CEO Destiny Media Technologies, Inc.
604 609 7736 x222
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