TORONTO, July 12 /CNW/ - Mood Media Corporation ("Mood Media") announced that its planned TSX ticker symbol change to "MM" is effective today.
Additionally, Mood Media announced that, as contemplated, Philippe G. von Stauffenberg has joined Mood Media's Board of Directors as Vice Chairman of the Board.
"We are so pleased to have Philippe join our team," said Lorne Abony, Chairman and Chief Executive Officer. "Mood Media will greatly benefit from his deep knowledge of the in-store media space, his financial sophistication, and his experience in growing and building businesses," Mr. Abony stated.
Mr. Philippe G. von Stauffenberg was the architect of the in-store media consolidation in Europe when he purchased and merged the three major European companies to form Mood. Philippe served as Executive Chairman during the integration stage and then pursued other complementary deals (such as investments in 3D Technology). Previously, he was a Principal at Hicks, Muse, Tate & Furst, Inc., where he led deals in the media and microelectronics industries investing over $500M of equity. Prior to that, he was the Chief Executive Officer at Eurotax Glass International AG and Executive Chairman of Heitmann International. Philippe has also worked at both E.M. Warburg Pincus & Co. in London and Bain & Company after finishing his studies at Harvard University where he received BA, MA, and MBA degrees.
About Mood Media Corporation (formerly Fluid Music Canada, Inc.)
Mood Media Corporation ("Mood Media") is a leading provider of in-store media marketing services, providing music and video solutions to both business and individual consumers. Mood Media has also compiled a music library of five million songs from a diverse network of producers, including major label, independent and emerging artists.
Through its wholly owned subsidiaries, Trusonic, Somerset Entertainment and Mood, Mood Media supports over 650 international brands in more than 155,000 commercial sites across 37 countries including North America, Canada, Europe, Asia and Australia.
Trusonic is a leader in Internet-delivered background music and messaging to the retail and hospitality sectors in North America.
Mood Media's retail point of purchase division, Somerset Entertainment Ltd., is the leading North American producer and distributor of specialty music sold through non-traditional retailers using interactive displays. It has an active network of over 24,600 interactive displays installed in 18,800 locations in North America. Somerset's customers include leading retailers such as Wal-Mart, Target, Costco, Bed Bath & Beyond and Shoppers Drug Mart.
Mood Media's sensorial marketing division, Mood, provides in-store audio, video, and scent solutions to a wide range of businesses including specialist retailers, department stores, supermarkets, financial institutions and fitness clubs as well as hotels and restaurants.
Mood Media's services have a direct impact on consumer purchasing decisions at the point of purchase which makes in-store media a highly effective marketing tool. In-store media services enhance branding in real-time, drive impulse purchases and increase footfall by improving the shopping experience for customers.
SOURCE Mood Media Corporation
For further information: For further information: about Mood Media, please visit www.moodmedia.com, or contact: Lorne Abony, Chairman and Chief Executive Officer, Mood Media Corporation, 416 510 2800