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YANGAROO Reports First Quarter Results

Overall Revenues Up 18% Year on Year, Awards Management Revenues Up 37%, Advertising Revenues Up 30%

TORONTO, ONTARIO -- (Marketwired) -- 05/29/14 -- YANGAROO Inc. (TSX VENTURE: YOO) (OTCBB: YOOIF), the industry's leading secure digital media distribution company today announced its results for the first quarter ended March 31, 2014. Revenues for the first quarter of 2014 increased 18% compared to the first quarter of 2013. Awards Management Revenue increased by 37% and Advertising Revenues were up 30% over same period in 2013. Quarter over quarter revenue was down due in large part to seasonality. Operating expenses during this period increased by 22% due mostly to expansion of the Advertising sales and customer service team based in New York City.

"2014 has been a transitional period for Yangaroo," said Gary Moss, President and CEO, YANGAROO Inc. "We set a goal of assembling the right team to lead growth in the Advertising division and we now have the core team in place. The impact has been immediate. We have signed 22 clients already, with a healthy pipeline of prospective new clients, all pointing to significant sales growth in the second half of the year. In addition, we have signed a first of its kind deal, with Cablevision Media Sales. This growth momentum, coupled with the expected retirement of all the debt, finally aligns the strategic goals and capital structure of the company."

Summary of operating results for the periods ended March 31st:


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                                                              First Quarter
$CDN                                                   2014            2013
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Revenue                                             899,612         763,103
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Adjusted EBITDA (loss)                             (402,234)       (321,228)
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Adjusted normalized EBITDA (loss)                  (282,366)       (198,176)
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Net loss for the period                            (494,881)       (544,772)
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Loss per share (basic & diluted)                     (0.012)         (0.033)
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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. 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. 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.

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