Monday, July 11, 2011

Mood Media CEO Lorne Abony Nominated for Ernst & Young Entrepreneur of the Year in Ontario

Award Honors Canada's Most Impressive Entrepreneurs

Mood Media Corporation (TSX:MM/ LSE AIM:MM), leading global provider of in-store media, music, digital signage and scent solutions, announced that CEO and Chairman Lorne Abony has been named a finalist for Ernst & Young Entrepreneur of the Year.


The Canadian Entrepreneur of the Year program is in its 18th year of honoring the country's most impressive entrepreneurs from all areas of business. Award winners are chosen based on their vision, leadership, financial success and social responsibility.


Formed by Abony in 2005, Mood Media has become a global leader through a combination of disruptive innovation in music licensing and media convergence and a series of strategic acquisitions. In May 2011 Mood Media acquired Muzak for US$345 million to create the largest in-store media provider in the world, nearly five times the size of its next largest competitor. In June 2011, Mood Media was named Canada's Fastest-Growing Company by PROFIT Magazine.


About Mood Media Corporation

Mood Media Corporation (TSX:MM/ LSE AIM:MM) 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.


Through its subsidiaries Mood, Muzak and Mood Entertainment, Mood Media Corporation's products and services reach 150 million people every day in more than 470,000 locations across 40 countries throughout North America, Europe, Asia and Australia.


Mood Media Corporation operates an international in-store media and music retail business with an extensive geographic footprint and 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 more information on Mood Media Corporation visit http://www.moodmedia.com