YANGAROO Inc., (TSX-V: YOO, OTCBB: YOOIF) the industry's leading secure digital media distribution company, is pleased to announce that Richard Klosa has been appointed Chief Technology Officer (CTO) effective immediately. Wojtek Hoch is leaving the position of Vice President Technology after five years with the company to pursue other opportunities.
TORONTO (Business Wire EON) January 15, 2008 --
YANGAROO Inc., (TSX-V: YOO, OTCBB: YOOIF) the
industry's leading secure digital media distribution company, is pleased
to announce that Richard Klosa has been appointed Chief Technology
Officer (CTO) effective immediately. Wojtek Hoch is leaving the position
of Vice President Technology after five years with the company to pursue
other opportunities.
Richard Klosa brings more than a decade of technology development and
management experience as an entrepreneur and digital media innovator to
the YANGAROO team. In his previous role as Chief Technology Officer and
Co-Founder of J!VE Media Technologies Inc., Richard led his team to a
2002 Canadian New Media Award for ‘Most
Promising Company’ and recognition from the
Branham Group as one of the Top 25 Up and Comers. Richard led the
development of one of the first enterprise level digital rights and
content syndication systems for digital media assets through
decentralized and peer based networks and authored a definitive book on
the subject entitled "Building A Working Revenue Model For The Digital
Distribution Of Copyrighted Media" (1999).
More recently, as the Vice President of Technology at Cubic Health Inc.,
Richard architected and led the development of the ‘Cubic
Health Canadian Drug Database™’,
a comprehensive reporting and analytics system designed to aid Canadian
employers in managing their prescription drug benefit. Over the past
four years, Richard has also focused on several leading edge
proof-of-concept development projects, including an MPEG-4 based
Micro-Payment client/server application, an Open Media Distribution
Server, and an Automated Media Cataloging & Tracking solution utilizing
the MPEG-7 framework. Richard graduated from Ryerson University’s
Radio & Television arts program with an Honours B.A.A. and is a
certified PMP and Solutions Developer. Richard is a highly regarded
technologist whose thoughts and opinions are sought for multiple TV
shows (ROB TV, Media TV, CP24), newspaper articles, and online
publications.
“We are thrilled to have someone with Richard’s
broad based and relevant experiences join our team. Richard has a
thorough understanding of the technology requirements and complexities
involved in the distribution of music, video, television and other large
content via the internet and we expect his capabilities will bring
significant value to YANGAROO,” said John
Heaven, President and CEO of YANGAROO Inc. “Wojtek
Hoch has made a significant contribution to YANGAROO’s
development and we wish him continued success in his future endeavours.”
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 four million deliveries of over 11,000
songs from more than 500 record labels to destinations which include
radio stations representing over 35 US broadcast chains. 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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