We have been successful in having both the corresponding Canadian Patent #2,407,774 titled 'Content Distribution System and Method' and our U.S. patent #7,003,670 titled 'Biometric Rights Management System' granted. In contrast, our competitor, Destiny Media Technologies, has not received any patent grants
TORONTO (PRWEB) May 16, 2008
The Examiner at the U.S. Patent and Trademark Office has replied promptly to YANGAROO's April 2008 filing and issued a non-final office action. This action is another step in the application review process towards the allowance of a patent application. The non-final office action will be reviewed by YANGAROO's patent counsel and they will respond in due course, as they successfully have in all such previous office actions.
"We have been successful in having both the corresponding Canadian Patent #2,407,774 titled 'Content Distribution System and Method' and our U.S. patent #7,003,670 titled 'Biometric Rights Management System' granted. In contrast, our competitor, Destiny Media Technologies, has not received any patent grants," said John Heaven, President and CEO of YANGAROO. "We are confident this U.S. patent will be granted."
YANGAROO's patented Digital Media Distribution System (DMDS) is a leading secure B2B digital delivery solution for the music and advertising industries. DMDS is a web-based delivery system that pioneers secure digital file distribution by incorporating biometrics, high-value encryption and watermarking. DMDS replaces the physical distribution of musical recordings and advertising to radio, media, retailers and other authorized recipients with more accountable, effective and far less costly digital delivery of broadcast quality media via the Internet.
YANGAROO's DMDS has made over five million deliveries of over 11,000 songs from more than 500 record labels to destinations which include radio stations representing over 35 U.S. broadcast chains. The number of deliveries made by U.S. record labels via YANGAROO's Digital Media Distribution System (DMDS) increased by 266% in 2007, to 1.3 million.
DMDS is the only system that can digitally deliver music across the U.S., Canada and the UK. YANGAROO has offices in Toronto, New York, Los Angeles, and London, UK. YANGAROO trades on the TSX Venture Exchange (TSX-V) under the symbol YOO and in the U.S. under OTCBB:YOOIF. For further information, please contact John Heaven at 905-763-3553 or visit http://www.yangaroo.com.
The statements contained in this release that are not purely historical are forward-looking statements and are subject to risks and uncertainties that could cause such statements to differ materially from actual future events or results. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.