Destiny Media Grants Stock Options

May 25, 2015, 13:30 ET from Destiny Media Technologies, Inc.

VANCOUVER, May 25, 2015 /PRNewswire/ - Destiny Media Technologies Inc. (TSXV: DSY) (OTCQX: DSNY) announces that it has granted 1,520,000 non-qualified stock options under its 2006 Amended and Restated Stock Option Plan to officers, directors, employees and consultants of Destiny.  The options were granted for a period of two years, expiring two years from their vesting dates, and each stock option will allow the holder to purchase a common share of Destiny at an exercise price of USD$0.40 per share.

Of the 1,520,000 options granted, 1,200,000 options were granted to the following directors and officers:

Number Of Options

Name Of Optionee

Capacity

Vesting Date

Expiration Date

400,000

Steven Vestergaard

Director and Chief Executive Officer

Equal monthly installments commencing June 25, 2015

Two years from the particular vesting date

350,000

Dale Borland

Chief Operating Officer

Equal monthly installments commencing June 25, 2015

Two years from the particular vesting date

150,000

Fred Vandenberg

Chief Financial Officer

Equal monthly installments commencing June 25, 2015

Two years from the particular vesting date

100,000

Edward Kolic

Director

May 25, 2015

May 26, 2017

100,000

Haig Bagerdjian

Director

May 25, 2015

May 26, 2017

100,000

Yoshitaro Kumagai

Director

May 25, 2015

May 26, 2017

1,200,000

Total

On Behalf of the Board of Directors

Steve Vestergaard CEO

Destiny Media Technologies, Inc. provides services that enable content owners to securely display and distribute their audio and video content digitally through the internet. The Company's two major services are Clipstream and Play MPE®. Clipstream (www.clipstream.com) is a video format that plays on any modern smart phone, tablet, internet, TV, or computer. With Clipstream, there is no player to configure or install, videos never go obsolete, and there are up to 90% cost savings by reducing the use of transcoding, infrastructure and bandwidth. Play MPE (www.plaympe.com) provides a standardized method to securely and cost effectively distribute pre-release music to radio stations and other music industry professionals, before it is ready for sale. More information can be found at www.dsny.com.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as "expects," "intends", "estimates," "projects," "anticipates," "believes," "could," and other similar words.  All statements addressing product performance, events, or developments that Destiny Media Technologies, Inc. expects or anticipates will occur in the future are forward-looking statements.  Because the statements are forward-looking, they should be evaluated in light of important risk factors and uncertainties.  Should one or more of these risks or uncertainties materialize, or should any of Destiny Media Technologies, Inc.'s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated.  Except as required by law, Destiny Media Technologies, Inc. disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this press release.  There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

SOURCE Destiny Media Technologies, Inc.



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