YANGAROO Reports Third Quarter Results

YANGAROO Reports Third Quarter Results


Solid Growth Continues With Revenues Up 83% Yr over Yr and 20% Qtr over
Qtr



TORONTO, Nov. 29, 2012 /PRNewswire/ - YANGAROO Inc. (TSX-V: YOO, OTC: YOOIF), the industry's leading secure digital media
management company, today announced its results for the Third Quarter
ending Sept 30(th), 2012. The third quarter growth was 83% higher than the same period in
2011 with revenue of $752,760, and 20% higher than the previous
quarter. Growth continues to be strong in both Advertising and
Entertainment. Revenue for the first 9 months of the year was $1.9
million, up 94% over same period in 2011.



Highlights:



-- Revenue growth 83% yr over yr and 20% qtr over qtr

-- Adjusted EBITDA improved 65% yr over yr and 18% qtr over qtr

-- Advertising revenue up 191% over previous year

-- Entertainment revenue up 57% over previous year

-- Net loss down 37% over previous year

-- US revenue from all sources up 182% over previous year




"I'm happy to report that we have now had 6 consecutive quarters with
double digit revenue growth," said Gary Moss, President and CEO of
YANGAROO. "With the successful closing of the financing, we expect to
add resources, both staff and infrastructure, to continue to drive this
growth as we move toward profitability."



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



___________________________________________________________________
|$CDN | Nine months | Third quarter |
|_______________________|_______________________|___________________|
| | 2012 | 2011 | 2012 | 2011 |
|_______________________|___________|___________|_________|_________|
|Revenue | 1,928,934| 994,135| 752,760| 410,360|
|_______________________|___________|___________|_________|_________|
|Adjusted EBITDA | (698,774)|(2,265,784)|(175,521)|(500,138)|
|_______________________|___________|___________|_________|_________|
|Net loss for the period|(1,834,473)|(4,314,983)|(453,973)|(718,479)|
|_______________________|___________|___________|_________|_________|
|Loss per share (basic &| (0.01)| (0.04)| (0.003)| (0.005)|
|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. For further information, please
contact Gary Moss at 416-534-0607 ext.111 or visit www.yangaroo.com.


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: Contact: Matthew Caldecutt
DKC Public Relations, Marketing & Government Affairs
212/981-5264
matthew_caldecutt@dkcnews.com


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