Business
YANGAROO Files Revised Management Discussion and Analysis
YANGAROO Files Revised Management Discussion and Analysis
About this update from Yangaroo Inc.
[{"type":"text","content":"\n\n\n\n Jul. 23, 2010 (Canada NewsWire Group) -- \n \n \n TORONTO, July 23 /CNW/ - YANGAROO Inc. (TSX-V: YOO, OTC: YOOIF) today announced it had filed a revised Management Discussion and Analysis ("MDA") for the year ended December 31, 2009. The Ontario Securities Commission ("OSC") had conducted a continuous disclosure review under its Harmonized Continuous Disclosure Review Program described in CSA Staff Notice 51-312 and provided the company with its comments. The changes made to the MDA are in response to those comments. These changes do not affect the previously reported annual audited financial results of the company.\nThe revisions to the MDA include providing additional information on factors driving revenue increases; a discussion of the increase in revenues and decrease in loss over the eight quarters shown in the summary of quarterly information; adding a comparison and a discussion of the last three year's selected summary annual information; expanding disclosure on risks and uncertainties the company could be subject to; and expanding disclosure on the use of the non-GAAP financial measure EBITDA, its composition and comparison to the prior year.\n"The OSC regularly conducts continuous disclosure reviews of its reporting issuers and in doing so helps to maintain some of the highest standards of disclosure available to the global investment community," said John Heaven, President and CFO, YANGAROO. "Accordingly investors can rely on and have confidence in the disclosures made by our company and by other reporting issuers."\nThe full text of the revised Management Discussion & Analysis is available at www.sedar.com.\n\nAbout YANGAROO:\n\nYANGAROO'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 audio and video content for music, music videos, and advertising to television, radio, media, retailers, award shows and other authorized recipients with more accountable, effective, and far less costly digital delivery of broadcast quality media via the Internet.\nNamed one of Canada's Top 100 Tech Com...