YANGAROO Inc. - Corporate Change
TORONTO, Oct. 28, 2011 /CNW/ - YANGAROO Inc., (TSX-V: YOO, OTCBB: YOOIF) the industry's leading secure digital media distribution company, today announced that the board of directors has appointed CEO, Scott Wambolt, to the position of President of YANGAROO.
Due to inadvertence, YANGAROO's board of directors had not appointed a President to replace John Heaven upon his stepping down on November 30th, 2010. Mr. Wambolt has held the position of CEO since June 14th, 2010 and had undertaken those duties that would otherwise be performed by the President since Mr. Heaven's resignation.
As such, Mr. Wambolt's duties, responsibilities and compensation at YANGAROO will not change with this new appointment.
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 the North America's major awards shows.
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.
Vortex