Mood Media Board announces exploration of wide range of strategic alternatives to enhance shareholder value

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[{"type":"text","content":"\n\n\n\n\n\nTORONTO, April 4, 2013 /CNW/ - Mood Media Corporation (ISIN:\n CA61534J1057) (TSX: MM) (LSE AIM: MM) (\"Mood Media\" or the \"Company\")\n announced today that its Board of Directors and senior management have\n initiated a process to identify and consider a range of operational,\n financial and strategic alternatives to enhance shareholder value. \n These alternatives could include, among other things, enhancing the\n Company's existing strategic plan, a strategic combination with a third\n party or a potential sale of the Company.\n\n\nThe Board has formed a strategic review committee comprised of\n independent directors Harvey Solursh (committee Chairman), Justin\n Beckett and Richard Weil to oversee the review process.  At the\n direction of the Board, Mood Media has engaged Credit Suisse Securities\n (USA) LLC and Morgan Stanley & Co. LLC as its financial advisors in\n connection with the review process.  While the Board has previously\n received unsolicited expressions of interest in relation to various potential strategic\n transactions from time to time, it is not currently in discussions with\n any particular party.\n\n\nWhile undertaking this process, the Board and senior management team\n remain highly focused on executing the Company's long-term operational\n plan, including among other initiatives the integration and realization\n of the strategic and financial benefits of the acquisitions completed\n over the past two years.\n\n\nThe Company stated that there can be no assurance that the Board's\n exploration of strategic alternatives will result in any transaction\n being pursued, entered into or consummated.  Mood Media does not intend\n to discuss or disclose developments with respect to this process until\n the Board has approved a definitive course of action.\n\n\nAbout Mood Media Corporation\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 560,000 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 divers...

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