Record Q4 Revenue of $102.2m; up 88% from prior year
Record Q4 Adjusted EBITDA of $34.1m; up 117% from prior year
TORONTO, March 5, 2012 /CNW/ - Mood Media Corporation (ISIN:
CA61534J1057) (TSX:MM / LSE AIM:MM) ("Mood Media" or the "Company"),
one of the world's leading in-store media solution providers, announced
today its results for the three and twelve months ended December 31,
Lorne Abony, Chairman and CEO of Mood Media, comments:
"Mood's exceptional Q4 and full year results, announced today, speak to
the strength of Mood's underlying business model and reflect Mood's
commitment to growth. In 2011, Mood continued to establish new
relationships with new clients, such as Clear Channel, Gucci, and H&R
Block, and enhance and strengthen its relationships with existing
partners, including McDonalds, Dillard's, and Sports Authority.
Moreover, 2011 marked Mood's emergence as the global in-store media
leader. Mood accelerated its transformation of the in-store media
marketplace with innovative new products, better and more efficient
distribution platforms, and a renewed focus on operational excellence.
Building on our momentum from 2011, we believe that the growth
prospects for 2012 are deeply compelling. 2011 was an unprecedented
year for Mood Media and we look forward towards a bright future."
About Mood Media Corporation
Mood Media Corporation (TSX:MM/ LSE AIM:MM), named Canada's fastest
growing company by PROFIT Magazine is a leading in-store media
specialist that uses a mix of music, visual and scent media to help its
clients communicate with consumers with a view to driving incremental
sales at the point-of-purchase.
Operating through its two principal divisions, In-Store Media and Retail
Point-of-Purchase, Mood Media Corporation works with over 470,000
commercial locations in over 40 countries throughout North America,
Europe, Asia and Australia.
Through its subsidiaries Mood Media, Muzak, and Mood Entertainment, Mood
Media Corporation's products and services reach 100 million people
every day in a broad client base including 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.
For further information about Mood Media, please visit www.moodmedia.com
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements.