Destiny Media Proposes to Change Corporate Jurisdiction to Nevada

      Destiny Media Proposes to Change Corporate Jurisdiction to Nevada

PR Newswire

VANCOUVER, Aug. 6, 2014

VANCOUVER, Aug. 6, 2014 /PRNewswire/ - Destiny Media Technologies (TSXV:  DSY) 
(OTCQX: DSNY) announces that it proposes to change its corporate  jurisdiction 
from Colorado to Nevada. The change  of corporate jurisdiction is subject  to 
the approval of the shareholders at a special meeting to be held on  September 
25, 2014 as well as the TSX Venture Exchange.

Destiny believes that  the change  of corporate  jurisdiction will  give it  a 
greater measure of flexibility and simplicity in corporate governance than  is 
available under  Colorado  law and  will  increase the  marketability  of  its 
securities. The  State of  Nevada is  recognized for  adopting  comprehensive 
modern and flexible corporate laws  which are periodically revised to  respond 
to the changing legal  and business needs  of corporations. Destiny  believes 
that Nevada corporate law is more flexible than Colorado corporate law as well
as having a more substantive body of corporate law. For these reasons, Destiny
believes that our business and affairs can be conducted to better advantage if
we are able to operate under Nevada law.

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.

CO: Destiny Media Technologies, Inc.

                            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.

Contact:

Contacts:
Steve Vestergaard
CEO Destiny Media Technologies, Inc.
604 609 7736 x222
Investor Relations:
Dave Mossberg
Three Part Advisors
817-310-0051
 
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