Mood Media Announces Results of 2015 Annual and Special Meeting

TORONTO, June 9, 2015 /CNW/ - Mood Media Corporation (ISIN: CA61534J1057) (TSX: MM) ("Mood Media" or the "Company") is pleased to announce that all resolutions were passed at its annual and special meeting of shareholders that was held today in Toronto, Ontario, Canada.

In addition to the election of each of the nominee directors discussed in detail below, at the meeting Ernst & Young LLP were re-appointed auditors of the Company and the resolution to approve the Company's deferred share unit plan was approved.

Election of Directors

According to proxies received and a vote by show of hands, the ten nominees set forth in the management information circular of the Company dated May 7, 2015 (the "Circular") were elected as directors of the Company to hold office until the close of the next annual meeting of the Company's shareholders or until their successors are duly elected or appointed.

The following are the voting results on this matter:

Director

Number of Shares

Percentage of Votes Cast





Kevin Dalton

Votes For:

103,071,901

96.13%


Votes Withheld:

4,148,647

3.87%





Richard Kronengold

Votes For:

103,070,901

96.13%


Votes Withheld:

4,149,647

3.87%





James Lanthier

Votes For:

103,073,578

96.13%


Votes Withheld:

4,146,970

3.87%





Ross Levin

Votes For:

103,070,901

96.13%


Votes Withheld:

4,149,647

3.87%





David Richards

Votes For:

100,230,201

93.48%


Votes Withheld:

6,990,347

6.52%





Steven Richards

Votes For:

103,068,801

96.13%


Votes Withheld:

4,151,747

3.87%





Gary Shenk

Votes For:

100,229,201

93.48%


Votes Withheld:

6,991,347

6.52%





Harvey Solursh

Votes For:

104,194,578

97.18%


Votes Withheld:

3,025,970

2.82%





Philippe von Stauffenberg

Votes For:

98,816,803

92.16%


Votes Withheld:

8,403,745

7.84%





Richard Warren

Votes For:

103,070,901

96.13%


Votes Withheld:

4,149,647

3.87%

Appointment of Auditors

According to proxies received and vote by show of hands, Ernst & Young LLP were appointed as the Company's auditors for the ensuing fiscal year and the directors were authorized to fix the remuneration to be paid to the auditors.

The following are the voting results on this matter:


Number of Shares

Percentage of Votes Cast




Votes For:

120,487,110

96.70%




Votes Withheld:

4,105,677

3.30%

Approval of the Company's Deferred Share Unit Plan

According to proxies received and a vote by ballot, the resolution to approve the Company's deferred share unit plan, the full text of which is attached to the Circular and available on www.sedar.com, was approved.

The following are the voting results on this matter:


Number of Shares

Percentage of Votes Cast




Votes For:

85,299,680

79.56%




Votes Against:

21,920,868

20.44%

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 throughout North America, Europe, Asia and Australia.

Mood Media Corporation'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 United States and 97% of the top 50 quick-serve and fast-casual restaurant companies.

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 without limitation, expected growth, results of operations, performance, financial condition, strategy and business prospects and opportunities. While Mood Media considers these factors and assumptions to be reasonable based on information currently available, they are inherently subject to significant uncertainties and contingencies and may prove to be incorrect.

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 Mood Media's management discussion and analysis dated May 13, 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: Randal Rudniski, Mood Media Corporation, Tel: +1 (512) 592 2438, Email: randal.rudniski@moodmedia.com

RELATED LINKS
www.moodmedia.com

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