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Mood Media Announces 2014 Board of Directors Nominees
|By PR Newswire
|April 2, 2014 02:00 AM EDT
TORONTO, April 2, 2014 /PRNewswire/ - 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
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