Baidu Shares Surge After Official Launch of Advanced Ernie 5.0 AI Model 
Nvidia CEO Jensen Huang Plans China Visit Amid AI Chip Market Uncertainty 
Netflix Stock Slips After Earnings as Soft 2026 Guidance Overshadows Subscriber Milestone 
Walmart to Cut PhonePe Stake in IPO as Tiger Global and Microsoft Exit 
Sanofi Reports Positive Late-Stage Results for Amlitelimab in Eczema Treatment 
Ericsson Plans SEK 25 Billion Shareholder Returns as Margins Improve Despite Flat Network Market 
Valero Makes First Venezuelan Crude Purchase Under New U.S.-Caracas Deal 
Apple China Holiday Sale Offers Discounts Up to 1,000 Yuan on Popular Devices 
Microsoft Restores Microsoft 365 Services After Widespread Outage 
OpenAI Launches Stargate Community Plan to Offset Energy Costs and Support Local Power Infrastructure 
U.S. Vaccine Policy Shifts Under RFK Jr. Create Uncertainty for Pharma and Investors 
FAA Says It Is Not Blocking Boeing 737 MAX 7 and MAX 10 Certification 
Nintendo Stock Jumps as Switch 2 Becomes Best-Selling Console in the U.S. in 2025 
Memory Chip Shortage Drives Higher Gadget Prices and Weakens Global Tech Demand 
JPMorgan and Allen & Company Emerge as Big Winners in Warner Bros Discovery Bidding War 
Morgan Stanley Flags High Volatility Ahead for Tesla Stock on Robotaxi and AI Updates 
TORONTO, May 04, 2017 -- YANGAROO Inc. (TSX-V:YOO) (OTC:YOOIF), the industry’s leading secure digital media management and distribution company today announced preliminary and un-audited numbers indicating 2017 Q1 revenues in the range of $1.65M to $1.7M.
The Advertising Division ended the first quarter with record revenues increasing approximately 50% over the same quarter in 2016 and up approximately 20% over the prior quarter. This growth was driven primarily by new customers and increased use by current customers.
The Entertainment Division’s revenue was flat versus the first quarter in 2016 and was down slightly versus the prior quarter.
“The increase in Advertising revenue in late 2016 has carried into 2017,” said Gary Moss, President and CEO of YANGAROO. “The increased business from existing clients, combined with the addition of significant new brands over the past 6 months have resulted in record quarterly Advertising Division and Consolidated sales.”
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: Gary Moss Phone: (416) 534-0607 [email protected]
