TORONTO, ON--(Marketwired - January 26, 2016) -
YANGAROO Inc.
(
The Company is pleased to announce the appointment of Mr. Gerry Hurlow and Mr. Phil Benson to the Board of Directors. Both will serve as Independent Directors.
Mr. Sander Shalinsky has resigned as a member of the Board of Directors effective immediately.
Mr. Benson replaces Mr. Quinn, who resigned from the Board in December, as the nominee of Yangaroo's largest shareholder.
Mr. Hurlow is President of Meteor Capital Inc., a company that invests in emerging Canadian technology businesses. Meteor Capital owns 4,478,500 Yangaroo common shares in the capital stock of the Company.
Mr. Benson is a Managing Partner at Fraser Mackenzie Merchant Capital, a Toronto based merchant bank. He has been an advisor to and investor in a broad range of technology, business service and consumer products business through his career. He has advised Yangaroo since 2009 and has been instrumental in helping the Company raise equity and debt capital over this period.
The Board of Directors has appointed Mr. Hurlow to the Audit Committee and both Mr. Hurlow and Mr. Benson to the Compensation Committee.
Anthony Miller, Chair of the Board of the Directors, stated, "I would like to thank both Mr. Quinn and Mr. Shalinsky for their tireless effort and contribution to the company through a challenging period of transition and growth. I also look forward to working with Messrs. Hurlow and Benson, whose deep experience will be invaluable as we pursue growth and profitability in 2016 and beyond.
About YANGAROO:
YANGAROO is a company dedicated to digital media management. YANGAROO's patented Digital Media Distribution System (DMDS) is a leading secure B2B digital cloud based solution focused on the music and advertising industries. The DMDS solution provides more accountable, effective, and far less costly digital management of broadcast quality media via the Internet. It replaces the physical, satellite and closed network distribution and management of audio and video content, for music, music videos, and advertising to television, radio, media, retailers, and other authorized recipients. The YANGAROO Awards platform is now the industry standard and powers most of North America's major awards shows.
YANGAROO has offices in Toronto, New York, and Los Angeles. YANGAROO trades on the TSX Venture Exchange (TSX-V) under the symbol YOO and in the U.S. under OTCBB: YOOIF.
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. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For YANGAROO Investor Inquiries: The Howard Group Inc. Dave Burwell Phone: 1 (403) 221-0915 dave@howardgroupinc.com
