Mood Media Announces Closing of the Sale of its Retail Point-of-Purchase Assets

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[{"type":"text","content":"\n\n\nTORONTO, June 3, 2013 /CNW/ - Mood Media Corporation (\"the Company\")\n (ISIN: CA61534J1057) (TSX:MM / LSE AIM:MM), a global leader in creating\n in-store consumer experiences, today announced the closing of the\n previously announced disposition of the substantial majority of the\n retail point-of-purchase assets (including the catalog of over 1,600\n master recordings) of its subsidiaries, Mood Media Entertainment Ltd.\n and Mood Entertainment Inc. to Somerset Group, Ltd. for $2 million. As\n part of the disposition, the Company is exiting any residual activities\n related to the retail point-of-purchase assets, the costs of which are\n still to be finalized.\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\nAbout Somerset Group, Ltd.\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\nFor further information about Allegro Corporation, please visit www.allegromediagroup.com\n\n\nCautionary Statement Regarding Forward-Looking Statements\n\n\nThis press release contains forward-looking statements. The words\n \"believe\", \"expect\", \"anticipate\", \"estimate\", \"intend\", \"may\", \"will\",\n \"would\" and similar expressions and the negative of such expressions\n are intended to identify forward-...

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