Destiny Media Technologies Announces New Silicon Valley Sales Office; Company Expands Market...

Business Editors

VANCOUVER, British Columbia--(BUSINESS WIRE)--May 22, 2001

Destiny Media Technologies, Inc. (OTCBB: DSNY) is pleased to announce the opening of a sales office in Cupertino, California. This west coast location provides immediate access to technology companies

Mr. Yoshitaro Kumagai will operate the new Silicon Valley office. To date Mr. Kumagai has been an advisor and agent for Destiny's Asian business, and this expansion will increase his important role in the company's growth. Mr. Kumagai has had significant success in gaining exposure for Destiny in the Japanese market. Since becoming Destiny's exclusive Japanese agent, he has established and signed several prominent resellers. GBNexsite Co Ltd, a leading internet and technology integrator will use the Clipstream product suite for their sites http://www.woman.co.jp, Japan's largest women's portal, and http://www.bitsurvey.com, an online professional survey system. Digital Craft Co. Ltd will resell the Destiny products in Northern Japan. Mr. Kumagai has also directly sold portal licenses to Liveblitz.com and Onna.com. This Silicon Valley expansion will prove to be important to the company's growth in both the West Coast and Asian markets.

Mr. Kumagai became Destiny's Japanese agent in January. He is a highly respected leader in the high-tech industry with over 20 years experience in the electronics and consumer fields. He held key senior management and executive positions at the following companies: Mead, Singer, IDEC Corp. and DPA Technology in addition to serving as Chairman and CEO of Vivatar Corporation.

Destiny Media Technologies, Inc. (http://www.dsny.com) is a leader in developing easy-to-use tools and enabling technologies to distribute digital media through the Internet. The company's suite of streaming and downloadable products includes: MPE(TM) (http://www.destinympe.com), a complete, secure media distribution system that provides e-commerce and digital rights management directly from within an MP3-compatible multimedia file; Clipstream(TM) (http://www.clipstream.com), a java-based tool which enables web pages, e-mail and banners to stream audio without the use of a player; Video Clipstream(TM) (http://www.videoclipstream.com), a technology for embedding streaming video into a web page or e-mail; and the RadioDestiny Broadcaster(TM) (http://www.radiodestiny.com), which allows a user to webcast live or scripted internet radio from a computer to anyone on the Internet. Established in 1991, the company is headquartered in Vancouver, Canada.

"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This release contains forward looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.