TORONTO, April 2, 2014 /CNW/ - Mood Media Corporation (ISIN: CA61534J1057) (TSX: MM) (AIM: MM) ("Mood Media" or the "Company") is pleased to announce its nominees for election to the board of directors at its forthcoming annual and special meeting (the "Meeting") of shareholders scheduled to occur on May 13, 2014.
The nominees are Messrs. Steven Richards, Philippe von Stauffenberg, David Richards, Gary Shenk, Harvey Solursh, James Lanthier, Kevin Dalton, Richard Kronengold, Richard Warren and Ross Levin.
"The Company's 2014 slate of nominee directors is a key part of our process of enhancing Mood Media, including board and management renewal", said Mr. von Stauffenberg, Executive Chairman of the Company. "Since the Fall of last year, we have significantly enhanced and expanded our executive team, under the leadership of Steve Richards and have substantially refreshed our board's composition. The latest nominees, Messrs. Levin, Kronengold and Warren bring to seven the number of new directors recently appointed or nominated for election in May. Collectively, the directors bring vast media, technology, financial and capital markets experience to Mood Media's board."
Messrs. Levin, Kronengold and Warren, are being nominated with the support of Arbiter Partners Capital Management, LLC ("Arbiter"), who had identified and proposed these nominees to the Company. Arbiter is one of the Company's largest shareholders, beneficially owning or having control or direction over approximately 14% of the Company's outstanding common shares. Mr. Levin is a principal of Arbiter, a Chartered Financial Analyst and has served on the boards of two public companies listed on U.S. exchanges. Mr. Kronengold is a seasoned media executive, having been Chief Marketing Officer for BBDO and RadicalMedia prior to founding Spark361, LLC. Mr. Warren is a former Associate General Counsel of Verizon Communications, Inc.
"At the same time, we wish to acknowledge and express our gratitude for the important contributions that Messrs. Plotkine and Weil have made to the Board and the Company," added Mr. von Stauffenberg. "We have great appreciation for their efforts over these past many years."
About Mood Media Corporation
Mood Media Corporation (TSX:MM/ LSE AIM: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 the vast majority 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 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 March 5, 2014 and Mood Media's annual information form dated March 31, 2014, 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:
Mood Media Corporation
Tel: +1 (512) 592 2438
Panmure Gordon (UK) Limited
+44 020 7886 2500