TORONTO, Feb. 1, 2016 /CNW/ - Mood Media Corporation ("Mood Media", "Mood" or the "Company") (TSX:MM), advised that effective January 30, 2016, Philippe von Stauffenberg has resigned from the board of directors of the Company (the "Board") to pursue other business opportunities.
Kevin Dalton, Chairman of the Board, noted that, "We are extremely grateful for Philippe's contributions to the board of directors of the Company and for the instrumental role he has played with the Company since inception. We wish him every success in his future endeavours."
"It has been a great privilege to help steer Mood Media to become the world leader in the instore media business. I am honoured to have worked with great people on its executive team." said Mr. von Stauffenberg.
The Board, through its Compensation and Governance Committee, will be reviewing and considering the qualifications of potential candidates for addition to the Board.
About Mood Media Corporation
Mood Media Corporation (TSX:MM), is one of the world's largest designers of in-store consumer experiences, including audio, visual, interactive, scent, voice and advertising solutions. Mood Media's solutions reach over 150 million consumers each day through more than half a million subscriber locations in over 40 countries through Mood Media's client base includes more than 850 U.S. and international brands in diverse market sectors that include: retail, from fashion to financial services; hospitality, from hotels to health spas; and food retail, including restaurants, bars, quick-serve and fast casual dining. Our marketing platforms include 77% of the top 100 retailers in the U.S. and all of the top 50 quick-serve and fast-casual restaurant companies.
For further information about Mood Media, please visit www.moodmedia.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements. The words "believe", "expect", "anticipate", "estimate", "intend", "may", "will", "would" and similar expressions and the negative of such expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are subject to important assumptions, including the following specific assumptions: the completion of the proposed Private Placement and the Backstop Agreement in accordance with their respective terms; general industry and economic conditions; and changes in regulatory requirements affecting the businesses of Mood Media. The proposed Private Placement may not be completed or may not be completed on the same terms as previously announced. While Mood Media considers these factors and assumptions to be reasonable based on information currently available, they may prove to be incorrect. Historical performance may not be indicative of future performance. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include, but are not limited to: the impact of general market, industry, credit and economic conditions, currency fluctuations as well as the risk factors identified in in Mood Media's management discussion and analysis dated November 11, 2015 and Mood Media's annual information form dated March 31, 2015, both of which are available on www.sedar.com.
Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, Mood Media.
Forward-looking statements are given only as at the date hereof and Mood Media disclaims any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable laws.
SOURCE Mood Media Corporation
For further information: Investor Inquiries: Randal Rudniski, Mood Media Corporation, Tel: 512 592.2438, Email: firstname.lastname@example.org; Media Inquiries: Sumter Cox, Mood Media Corporation, Tel: 803 242.9147, Email: email@example.com