All posts
YANGAROO ANNOUNCES BOARD CHANGES
11/16/2007 3:53:00 PM
Toronto, Canada
YANGAROO Inc., (TSX-V: YOO, OTCBB: YOOIF) the industry's leading secure digital media distribution company, today announced that Len Gill has resigned from, and that Howard Atkinson has joined, the Company’s board of directors.
John Heaven, the President and CEO of YANGAROO, stated that the Company had, with regret, accepted Mr. Gill’s resignation and that he understood that the time and travel demands of Mr. Gill’s own business interests resulted in Mr. Gill concluding that he could not devote the time, care and attention required of a director of a public company.
Howard Atkinson is a CFA and CIMA, and is President of BetaPro Funds Management Inc., where he focuses on management of the Horizons BetaPro Funds and Exchange Traded Funds. He brings 20 years of investment management industry experience to the board, including executive positions with Mackenzie Financial Corporation, CI Funds and Barclay’s Global Investors Canada Ltd. He is the immediate Past President of the Toronto CFA Society board of directors and is a member of the S&P/TSX Canada Index Advisory Panel. Mr. Atkinson is the author of "The New Investment Frontier III: A Guide to Exchange Traded Funds for Canadians," and “Les Fonds Négociés en Bourse: Un outil de placement novateur pour l'investisseur avisé”. He has been a contributing writer and frequent analyst reference in many major Canadian newspapers, including The Globe & Mail, National Post, Toronto Star, Vancouver Sun, and Ottawa Citizen. Howard can be seen regularly on BNN (Business News Network) and CP24.
"We thank Len for his valuable input, and wish him continued success in his future endeavours", said John Heaven, President and CEO of YANGAROO. "We are very fortunate to have attracted the interest of an individual of Howard's calibre and look forward to working with him and benefiting from his expertise and experience."
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 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. For further information, please contact John Heaven, President & CEO at YANGAROO Inc. at 905-763-3553.
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.
