Destiny Media Technologies Prevails in Legal Proceedings

Rhea-AI Summary

Destiny Media Technologies (TSXV: DSY / OTCQB: DSNY) announced a favorable legal judgment dated October 27, 2025: all claims filed by Mr. Steve Vestergaard against the company, its directors and officers were dismissed and the company was awarded costs from Mr. Vestergaard.

The company said management is pleased with the ruling and will focus on customers and business growth going forward.

Positive

• All claims dismissed against company, directors and officers
• Costs awarded to Destiny Media from Mr. Steve Vestergaard
• Management confirmed focus on customers and business growth

Negative

• None.

Vancouver, British Columbia--(Newsfile Corp. - October 27, 2025) - Destiny Media Technologies Inc. (TSXV: DSY) (OTCQB: DSNY), the makers of Play MPE®, is pleased to announce the successful resolution of the claims filed by Mr. Steve Vestergaard.

All claims against the Company, directors and officers have been dismissed and the Company has been awarded costs from Mr. Vestergaard.

"We are pleased to have a judgement in our favor and to put this matter behind us," said Fred Vandenberg, CEO. "We are focused on the future, our customers, and growing our business."

About Destiny Media Technologies Inc.

Destiny Media Technologies Inc. ("Destiny") provides software as service (SaaS) solutions to businesses in the music industry solving critical problems in distribution and promotion. The core service, Play MPE® (www.plaympe.com), is the world's leading provider of music promotional delivery services, dedicated to empowering artists and industry professionals with innovative solutions for success in the digital age. More information can be found at www.dsny.com.

Contacts:

Fred Vandenberg
CEO, Destiny Media Technologies, Inc.
604 609 7736 x236

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/271972

FAQ

What did Destiny Media Technologies (DSNY) announce on October 27, 2025?

Destiny Media announced that all claims by Mr. Steve Vestergaard were dismissed and the company was awarded costs.

Does the October 27, 2025 judgement against Steve Vestergaard affect Destiny Media officers?

The announcement states all claims against the company, directors and officers were dismissed.

Was Destiny Media Technologies (DSNY) awarded legal costs in the October 2025 ruling?

Yes; the company was awarded costs from Mr. Steve Vestergaard according to the announcement.

How did Destiny Media management react to the October 27, 2025 legal decision?

CEO Fred Vandenberg said the company is pleased with the judgment and will focus on customers and growth.

Which tickers represent Destiny Media Technologies mentioned in the October 27, 2025 release?

The company is listed as TSXV: DSY and OTCQB: DSNY in the announcement.