YANGAROO Partners with Akon's HITLAB for Digital Media Distribution
DEAL EMPOWERS HITLAB ARISTS WITH ABILITY TO SEND BROADCAST QUALITY MUSIC TO RADIO STATIONS AND MUSIC VIDEOS TO TELEVISION BROADCASTERS
TORONTO, May 8, 2012 /CNW/ - YANGAROO Inc. (TSX-V: YOO, OTCBB: YOOIF), the industry's leading secure digital media distribution company, today announced a partnership with HITLAB, an industry leading independent artist site to the global music and video community headed up by superstar recording artist and Grammy-nominated artist/record producer, Akon. The partnership provides YANGAROO's Digital Media Distribution System (DMDS) for music and music video delivery services, at preferred prices, to the tens of thousands of HITLAB members throughout the world.
Through this relationship, HITLAB members are able to access DMDS services, allowing them to deliver broadcast quality music and music video content to radio, TV, press and other promotional outlets. DMDS delivers music to over 3,000 radio stations including College radio, and music videos to all major music television broadcasters including MTV, VH1, BET, FUSE, CMT, GAC, MuchMusic, MusiquePlus, and many more, plus hundreds of regional broadcasters and other video outlets throughout North America, offering many more opportunities to promote and market independent artists.
"The ability for us to offer DMDS to our members provides another dimension to our service," said Tomas Gautier, President & Founder of HITLAB. "An artist can now come to HITLAB, have their song evaluated, and then send it on to radio and if they have a video to send that as well all the major and secondary video broadcasters in North America. This new service adds significant value to the HITLAB brand."
"We have watched HITLAB grow and expand over the years into the major international music site it is today," said Cliff Hunt, Chairman and COO YANGAROO Inc. "This deal is a win for YANGAROO, it is a win for HITLAB, and most importantly it is a win for the tens of thousands of independent artists that will now have access to DMDS."
About HITLAB
HITLAB is a new media company focused on reinventing the way music is discovered, produced, marketed and distributed. The Company is a joint venture between a key Canadian Internet Company and world-renowned multi-platinum- selling artist Akon. HITLAB owns a proprietary DHS (Dynamic Hit Scoring) music analysis technology which transforms the song into sound frequencies that are compared against highly ranked songs on Billboard magazine's Hot 100 single charts to test for "hit potential". HITLAB.com's global social networking music community caters to new and emerging artists, early adopter listeners and talent seeking labels. Already in English and Chinese, HITLAB is developing new versions of its website based for French, Spanish and Hindi communities. For more information, visit the company's website at http://www.hitlab.com/.
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 replaces the physical distribution of audio and video content for music, music videos, and advertising to television, radio, media, retailers, and other authorized recipients with more accountable, effective, and far less costly digital delivery of broadcast quality media via the Internet. The DMDS Awards platform powers many of North America's major awards shows.
Named one of Canada's Top 100 Tech Companies by Canadian Business, YANGAROO has offices in Toronto, New York, Los Angeles, and Dallas. YANGAROO trades on the TSX Venture Exchange (TSX-V) under the symbol YOO and in the U.S. under OTCBB: YOOIF.
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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.
Gary Moss at 416-534-0607 ext.111 or visit www.yangaroo.com
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