Yangaroo’s U.S. Patent Progress Continues
TORONTO (Business Wire EON/PRWEB ) May 16, 2008 --
YANGAROO Inc., (TSX-V: YOO, OTC: YOOIF) the
industry's leading secure digital media distribution company, continues
to make progress with its United Stated Patent Application #10/431,854
titled “Content Distribution System and Method”.
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.”
About YANGAROO:
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 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.
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