Business
Mood Media announces positive market update: anticipates delivering record EBITDA of approximately $34 million for Q4 2011, 10% above consensus analyst expectations
TORONTO, Jan. 30, 2012 /CNW/ - Mood Media Corporation (TSX:MM / LSE:MM; ISIN: CA61534J10...
About this update from Maximus Metals, Inc.
[{"type":"text","content":"\n\n\n\n\n\nTORONTO, Jan. 30, 2012 /CNW/ - Mood Media Corporation (TSX:MM / LSE:MM; ISIN: CA61534J1057) (\"Mood Media\") is pleased to announce today that management currently anticipates that\n EBITDA before exceptional costs for the three month period ending 31\n December 2011 will be approximately $34 million, exceeding market\n expectations by 10%.*\n\n\nLorne Abony, Mood Media's Chairman and Chief Executive Officer,\n commented: \"Mood Media's anticipated Q4 2011 results, further evidence\n of our disciplined focus on operational improvement, are up by 10% over\n Q3 2011, which itself was up 22% over the prior quarter.  We look\n forward to announcing the full year results and continuing our momentum\n into 2012.\"\n\n\nMood Media expects to publish its final results for the year ending 31\n December 2011 in the week commencing 5 March 2012.\n\n\nAbout Mood Media Corporation\n\n\nMood Media Corporation (TSX:MM/ LSE AIM:MM), named Canada's fastest\n growing company by PROFIT Magazine is a leading in-store media\n specialist that uses a mix of music, visual and scent media to help its\n clients communicate with consumers with a view to driving incremental\n sales at the point-of-purchase.\n\n\nOperating through its two principal divisions, In-Store Media and Retail\n Point-of-Purchase, Mood Media Corporation works with over 470,000\n commercial locations in over 40 countries throughout North America,\n Europe, Asia and Australia.\n\n\nThrough its subsidiaries Mood Media, Muzak, and Mood Entertainment, Mood\n Media Corporation's products and services reach 100 million people\n every day in a broad client base including 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.\n\n\nFor further information about Mood Media, please visit www.moodmedia.com\n\n\n* Based on publicly reported analyst estimates at the date of the\n release of Mood's Q3 2011 quarterly results, which were expected to be\n $31 million\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\",...