Dr. Joseph de Beauchamp of World Financial News Network gives favorable analysis to Destiny Media helping many music lovers to find and deliver music of their choice.
Seattle, WA (PRWEB) May 13, 2005 -- WFNN's consistently outperforms established industry benchmark indicators. Based on in-depth research and analysis, their analysts recommend securities worldwide showing the highest probability for stock price appreciation. With constant vigil, WFNN looks for economic opportunities in the private and public company sectors.
Dr. Joseph de Beauchamp, WFNN's Chief Independent Analyst, said, Approximately 96% of their revenues continue to be derived from sales of their Clipstream software, with the balance being comprised of sales of their PirateRadio software. For sales of their Clipstream software, their revenues are primarily attributable to revenues from license fees. Revenues associated with maintenance agreements for their Clipstream software, which include updates, upgrades, support and training services, accounted for approximately 20% of Clipstream revenues. Dr. de Beauchamp thinks the stock will rally up to $2.00 per share in the next year."
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About WFNN: World Financial News Network provides a unique blend of data, timely information and today's technologies to assist with up-to-the-minute investment and economic values on markets and investments around the world.
About Destiny Media: In December 1995, Destiny Softwares first Internet radio prototype was developed. This product was released in April 1996 under the brand name Radio Destiny. Destiny Software developed an instant audio play technology branded as Clipstream that enables web site owners to upload audio and video media content to a standard web server using the Clipstream software and to have the media content play back on almost all Internet browsers without requiring any action on the part of web visitors. Destiny developed their MPE media distribution software and the Destiny Media Player as a mechanism for securely selling and playing back digital music and Internet radio streams via the Internet. Approximately 96% of their revenues continue to be derived from sales of their Clipstream software, with the balance being comprised of sales of their PirateRadio software. For sales of their Clipstream software, their revenues are primarily attributable to revenues from license fees. Revenues associated with maintenance agreements for their Clipstream software, which include updates, upgrades, support and training services, accounted for approximately 20% of Clipstream revenues.
Steve Vestergaard, CEO
Destiny Media Technologies (OTC: DSNY)
1040 1055 W. Hastings St.
Vancouver, British Columbia V6E 2E9, Canada
Phone: 604-609-7736
Fax: 604-609-0611
Steve@destiny-software.com
http://www.destiny-software.com
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