Yangaroo Reports Second Quarter Results

Yangaroo Reports Second Quarter Results


Record Growth With Revenues Up 104% Yr Over Yr, and 15% Qtr over Qtr



TORONTO, Aug. 28, 2012 /PRNewswire/ - YANGAROO Inc. (TSX-V: YOO, OTC: YOOIF), the industry's leading secure digital media
management company, today announced its results for the Second Quarter
ending June 30(th), 2012. Revenue for the second quarter was $629,352, 104% higher than
the revenue for the same period in 2011 and 15% higher than the
previous quarter. As in the previous quarter, growth was strong in both
Advertising and Entertainment. Revenue for the first 6 months of the
year was $1.18 million, up 101% over same period in 2011.



Highlights:



-- Revenue growth 104% yr over yr and 15% qtr over qtr
-- EBITDA improved 59% yr over yr and 31% qtr over qtr
-- Advertising up 42% quarter over quarter
-- Net loss down 68 % over same period in 2011
-- US revenue from all sources up 26% qtr over qtr


"YANGAROO has once again seen record revenues in the quarter," said Gary
Moss, President and CEO, YANGAROO Inc. "This is particularly
significant in what is traditionally a slow period, with higher
revenues a result of increased usage by existing clients, the addition
of new clients, and the migration from SD to HD for music videos and
television advertising. This has been a particularly exciting period,
with the company on target for profitability, plus the completion of
significant new technology enhancements focused on our advertising
clients, who have provided overwhelmingly positive feedback."



Summary of operating results for the periods ended June 30(th):



_____________________________________________________________________
|$CDN | Six months | Second quarter |
|_______________________|_______________________|_____________________|
| | 2012 | 2011 | 2012 | 2011 |
|_______________________|___________|___________|_________|___________|
|Revenue | 1,176,174| 583,775| 629,352| 307,976|
|_______________________|___________|___________|_________|___________|
|Interest income | 611| 883| 67| 509|
|_______________________|___________|___________|_________|___________|
|EBITDA | (523,253)|(1,765,646)|(213,706)| (517,608)|
|_______________________|___________|___________|_________|___________|
|Net loss for the period|(1,380,500)|(3,596,504)|(709,891)|(2,239,933)|
|_______________________|___________|___________|_________|___________|
|Loss per share (basic &| (0.01)| (0.03)| (0.01)| (0.02)|
|diluted) | | | | |
|_______________________|___________|___________|_________|___________|





The full text of the financial statements and Management Discussion &
Analysis is available at www.yangaroo.com and at www.sedar.com.


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 powers
many of 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.


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.


 


SOURCE YANGAROO Inc.

YANGAROO Inc.

CONTACT: please contact Gary Moss at 416-534-0607 ext.111 or visit www.yangaroo.com.


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