Musicrypt Inc., the industry's leading provider of secure digital media distribution, today announced it has filed a suit for $15 million in damages against Destiny Media Technologies Inc. Destiny Software Productions, Inc. of Vancouver, Promo Only Inc. of Orlando, Florida and Promo Only CD's Inc. of Calgary, Alberta alleging patent infringement. "Protection of intellectual property rights is essential to the functioning of a modern society," said John Heaven, President and CEO of Musicrypt. "Our customers in the music and broadcast industries have a thorough understanding of the necessity to respect these rights. This action seeks to protect Musicrypt's valuable technology and compensate our stakeholders for what Musicrypt believes is the deliberate and ongoing contravention of these. It is not our intent to litigate this by press release but rather by proper judicial process, which we are pursuing vigorously."

Posted by GEN-ERIC at 02:55:00 am into the following categories: In The News

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