YOOIF Yangaroo Inc (PK)

Yangaroo Reports Annual and Fourth Quarter Results

Annual Revenues up 30%, Q4 Revenues up 39%, Fourth Quarter Cash Flow Positive

TORONTO, ONTARIO--(Marketwired - Apr 10, 2014) - YANGAROO Inc. (TSX-VENTURE:YOO)(OTCBB:YOOIF), the leading secure digital media management and distribution company, today announced its results for the year and fourth quarter ended December 31, 2013.

Revenue for the fiscal year 2013 was $3,494,490, 30% higher than in fiscal 2012. Revenue for the fourth quarter was $1,059,481, 39% higher than the revenue for the same period in 2012 and 27% higher than the previous quarter. The fourth quarter of 2013 was the first operating cash flow positive quarter in the company's history. The increase in revenue is primarily a result of greater use of YANGAROO Advertising by new and existing customers, to deliver SD and HD ads to television broadcasters. Growth also continued for music video delivery by the major and independent record labels in the US and Canada, driven by the addition of P-Diddy's Revolt Network, There was also significant growth from YANGAROO Awards, with new revenue from The Emmys and the Latin GRAMMYS. YANGAROO is also benefiting from having increasing revenues in $US, while the cost base remains primarily in $Canadian.

"The fourth Quarter was a major milestone for YANGAROO," stated Gary Moss, President and CEO. "Not only was revenue in excess of $1M, but cash flow from normal operations for the quarter was positive for the first time, as well. Growth continues in all areas of the business, but we are starting to see results from the scale that we have built in the Advertising division. We expect to see this growth continue, year on year, with the full benefit of recent signings impacting in the second half of 2014. We have also continued to invest in the sales and support infrastructure in the first quarter, to ensure that we maintain our industry leading service levels during this period of growth."

Total operating expenses for the year ended December 31, 2013 was $560,547 higher than the previous year, primarily relating to the financing, restructuring and issuance of stock options. The loss from operations for 2013 was $724,986, down from $968,715 in 2012 while revenue for the same period increased by $804,276. Total operating expenses for the fourth quarter of 2013 were 25% higher than the same period in fiscal 2012, primarily due to stock options costs. The loss from operations was down 32% ($62,310) and revenue was up 39% ($298,201) for the fourth quarter of 2013 compared to the same period in 2012. Excluding the impact of non-cash and non-operating costs, the fourth quarter of 2013 was the first quarter with positive cash flow of $29,221.

Summary of operating results for the years and fourth quarters ended December 31:

$CDN	Year				4th Quarter
	2013		2012		2013		2012
Revenue	3,494,490		2,690,214		1,059,481		761,280
Adjusted EBITDA (loss)	(649,084	)	(877,829	)	(119,886	)	(179,055	)
Net loss for the period	(1,630,434	)	(2,235,052	)	(2,081,643	)	(400,579	)
Loss per share (basic & diluted)	(0.074	)	(0.161	)	(0.053	)	(0.025	)

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, founded in 1999, is a company dedicated to digital media management. YANGAROO's patented Digital Media Distribution System (DMDS) is a secure cloud-based platform that provides users the ability to leverage technology; automating dozens of steps to eliminate errors and streamline content delivery efficiently. Content, such as music, music videos, and advertising can be quickly distributed to a network of over 11,000 television, radio, media, retailers, and other authorized recipients. The YANGAROO Awards platform is 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.

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.

For Industry Inquiries:Celia Vine, LLCDeanna Kennedy1 (413) 219-7588deannakennedy@celiavine.comFor Investor Inquiries:The Howard Group Inc.Dave Burwell1 (403) 221-0915dave@howardgroupinc.com