YANGAROO issues warrants to Horizon Media

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[{"type":"text","content":"\n\n\n\nTORONTO, Aug. 4 /CNW/ - YANGAROO Inc., (TSX-V: YOO, OTCBB: YOOIF), the\nindustry's leading secure digital media distribution company, is pleased to\nannounce that, subject to regulatory approval, Horizon Media Inc. will acquire\nwarrants to purchase 750,000 YANGAROO common shares. The warrants will become\nexercisable after various phases of a digital media workflow solution are\nsuccessfully completed. These warrants will have an exercise price as\npermitted by the TSX Venture Exchange policies at the time of issuance and an\nexpiry date of five years from the date of issuance.\n\n\nAbout Horizon Media:\n\n\nFounded in 1989, Horizon Media, Inc. is the largest U.S. independent\nmedia services company. Dedicated to helping clients sell products and build\nbrands through insightful marketing counsel, media-neutral strategic planning\nand effective negotiation and placement. Horizon's exceptional holistic\napproach to brand marketing and development has resulted in estimated billings\nof $2 billion and established the company as the fastest growing agency in the\nindustry. Headquartered in New York City with a full service office in Los\nAngeles, Horizon also has offices in San Diego, and Amsterdam, Netherlands.\nHorizon is also a founding member of Columbus Media International, a\nmulti-national partnership of independent media agencies. For more\ninformation, please visit the company's website at www.horizonmedia.com.\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 audio and video\ncontent for music, music videos, and advertising to television, radio, media,\nretailers and other authorized recipients with more accountable, effective,\nand far less costly digital delivery of broadcast quality media via the\nInternet.\n\n\nYANGAROO's DMDS has made over six million deliveries of over 21,000 songs\nfrom more than 600 record labels to destinations which include radio stations\nrepresenting over 35 U.S. broadcast chains. U.S. record labels made over 2\nmillion deliveries of songs via DMDS in 2008. DMDS i...

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