Yangaroo board grants options

About this update from Yangaroo Inc.

[{"type":"text","content":"\n\n\n\nTORONTO, Dec. 5 /CNW/ - YANGAROO Inc., (TSX-V: YOO, OTCBB: YOOIF), the\nindustry's leading secure digital media distribution company, announced that\nits board of directors has granted five directors and officers a total of\n310,000 options with an exercise price of $0.07 and expiry date of November\n19, 2013. The board of directors has adopted a policy of setting option\nexercise prices at the greater of the three month weighted average trading\nprice and the closing price on the day before the grant. These options are\nsubject to the usual vesting period as required by the TSX Venture Exchange.\n\n\nAbout YANGAROO:\n\n\nYANGAROO's patented Digital Media Distribution System (DMDS) is a leading\nsecure B2B digital delivery solution for the music and advertising industries.\nDMDS is a web-based delivery system that pioneers secure digital file\ndistribution by incorporating biometrics, high-value encryption and\nwatermarking. DMDS replaces the physical distribution of musical recordings\nand advertising to radio, media, retailers, and other authorized recipients\nwith more accountable, effective, and far less costly digital delivery of\nbroadcast quality media via the Internet.\n\n\nYANGAROO's DMDS has made over six million deliveries of over 12,000 songs\nfrom more than 600 record labels to destinations which include radio stations\nrepresenting over 35 U.S. broadcast chains. U.S. record labels delivered 1.3\nmillion songs via DMDS in the U.S. in the first nine months of 2008. DMDS is\nthe only system that can digitally deliver music across the U.S., Canada, and\nthe UK.\n\n\nYANGAROO has offices in Toronto, New York, Los Angeles, and London, UK.\nYANGAROO trades on the TSX Venture Exchange (TSX-V) under the symbol YOO and\nin the U.S. under OTCBB:YOOIF.\n\n\nThe statements contained in this release that are not purely historical\nare forward-looking statements and are subject to risks and uncertainties that\ncould cause such statements to differ materially from actual future events or\nresults. Such forward-looking statements are made pursuant to the safe harbor\nprovisions of the Private Securities Litigation Reform Act of 1995. The TSX\nVenture Exchange does not accept responsibility for the adequacy or accuracy\nof this release.\n\n\n%SEDAR: 00018809E\n\n\n","length":2349,"tagName":"div"}]

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