YANGAROO Inc., (TSX-V: YOO, OTCBB: YOOIF) the industry's leading secure digital media distribution company, is pleased to announce that Richard Klosa has been appointed Chief Technology Officer (CTO) effective immediately. Wojtek Hoch is leaving the position of Vice President Technology after five years with the company to pursue other opportunities.
Richard Klosa brings more than a decade of technology development and management experience as an entrepreneur and digital media innovator to the YANGAROO team. In his previous role as Chief Technology Officer and Co-Founder of J!VE Media Technologies Inc., Richard led his team to a 2002 Canadian New Media Award for ‘Most Promising Company’ and recognition from the Branham Group as one of the Top 25 Up and Comers. Richard led the development of one of the first enterprise level digital rights and content syndication systems for digital media assets through decentralized and peer based networks and authored a definitive book on the subject entitled "Building A Working Revenue Model For The Digital Distribution Of Copyrighted Media" (1999).
More recently, as the Vice President of Technology at Cubic Health Inc., Richard architected and led the development of the ‘Cubic Health Canadian Drug Database™’, a comprehensive reporting and analytics system designed to aid Canadian employers in managing their prescription drug benefit. Over the past four years, Richard has also focused on several leading edge proof-of-concept development projects, including an MPEG-4 based Micro-Payment client/server application, an Open Media Distribution Server, and an Automated Media Cataloging & Tracking solution utilizing the MPEG-7 framework. Richard graduated from Ryerson University’s Radio & Television arts program with an Honours B.A.A. and is a certified PMP and Solutions Developer. Richard is a highly regarded technologist whose thoughts and opinions are sought for multiple TV shows (ROB TV, Media TV, CP24), newspaper articles, and online publications.
“We are thrilled to have someone with Richard’s broad based and relevant experiences join our team. Richard has a thorough understanding of the technology requirements and complexities involved in the distribution of music, video, television and other large content via the internet and we expect his capabilities will bring significant value to YANGAROO,” said John Heaven, President and CEO of YANGAROO Inc. “Wojtek Hoch has made a significant contribution to YANGAROO’s development and we wish him continued success in his future endeavours.”
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 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 musical recordings and advertising to radio, media, retailers and other authorized recipients with more accountable, effective and far less costly digital delivery of broadcast quality media via the Internet.
YANGAROO's DMDS has made over four million deliveries of over 11,000 songs from more than 500 record labels to destinations which include radio stations representing over 35 US broadcast chains. DMDS is the only system that can digitally deliver music across the U.S., Canada and the UK.
YANGAROO has offices in Toronto, New York, Los Angeles, and London, UK. YANGAROO trades on the TSX Venture Exchange (TSX-V) under the symbol YOO and in the U.S. under OTCBB:YOOIF.