Mood Media Announces Agreement to Sell its Retail Point-of-Purchase Assets

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[{"type":"text","content":"\n\n\n\n\n\nTORONTO, May 8, 2013 /CNW/ - Mood Media Corporation (ISIN: CA61534J1057)\n (TSX:MM / LSE AIM:MM), a global leader in creating in-store consumer\n experiences, today announced it has entered into a definitive agreement\n to sell a substantial majority of the  retail point-of-purchase assets\n (the \"Transaction\") of its subsidiaries, Mood Media Entertainment Ltd.\n and Mood Entertainment Inc. (collectively, Mood Entertainment\"), to\n Somerset Group, Ltd.\n\n\nMood Entertainment is a producer and distributor of specialty music and\n DVDs sold to leading retailers and distributors through interactive\n displays throughout the United States and Canada.\n\n\nSomerset Group, Ltd. is a subsidiary of Allegro Corporation, dba Allegro\n Media Group, Allegro Corporation is one of the premier independent\n media companies in North America with a leading catalog of music and\n video titles across a broad range of genres.\n\n\nThe Transaction is subject to customary closing conditions, including\n the receipt of regulatory approvals. The Transaction is expected to\n close in the second quarter of 2013.  The Transaction does not include\n certain residual activities of Mood Entertainment, which will be exited\n following the closing of the Transaction.\n\n\nAbout Mood Media Corporation\n\n\nMood Media Corporation (TSX:MM/ LSE AIM:MM), is one of the world's\n largest designers of in-store consumer experiences, including audio,\n visual, interactive, scent, voice and advertising solutions. Mood\n Media's solutions reach over 150 million consumers each day through\n 570,000 subscriber locations in over 40 countries throughout North\n America, Europe, Asia and Australia.\n\n\nMood Media Corporation's client base includes more than 850 U.S. and\n international brands in diverse market sectors that include: retail,\n from fashion to financial services; hospitality, from hotels to health\n spas; and food retail, including restaurants, bars, quick-serve and\n fast casual dining. Our marketing platforms include 77% of the top 100\n retailers in the United States and 100% of the top 50 quick-serve and\n fast-casual restaurant companies.\n\n\nFor further information about Mood Media, please visit www.moodmedia.com.\n\n\nCautionary Statement Regarding Forward-Looking Statements\n\n\nThis press release contains forward-looking state...

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