Mood Media Q2 Pro-Forma EBITDA grows 15.3% over previous quarter to $25.5 M

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[{"type":"text","content":"\n\n\n\n\n\nTORONTO, Aug. 15, 2011 /CNW/ - Mood Media Corporation (ISIN:\n CA61534J1057) (TSX: MM) (LSE AIM: MM) (\"Mood Media\" or the \"Company\"),\n one of the world's leading in-store media solution providers, announced\n today its results for the three and six months ended June 30, 2011.\n\n\nLorne Abony, Chairman and CEO of Mood Media, commented:\n\n\n\"We are building a global in-store media leader, and the results we\n delivered in the second quarter are evidence of the tremendous strides\n we are making as we continue to execute against our strategy.\n\n\nFor the three months ended June 30, 2011, Mood Media delivered record\n Revenue of $96 M, and record EBITDA of $25.5 M, up 15.3% organically\n from the previous quarter. Revenue growth was fuelled by our\n disciplined and aggressive sales efforts.\n\n\nOur sustained track record of new client wins, which included, in the\n quarter, Gucci, Aeropostale, and Hooters, speaks to the strength of our\n innovative product offerings.\n\n\nMood's record EBITDA growth was driven by a comprehensive focus on sales\n and operational excellence. We are delighted with our 15% quarter over\n quarter EBITDA growth and we are delighted with the business we are\n building.\n\n\nIn light of our momentum and progress, we look forward to a very\n promising remainder of 2011.\"\n\n\nMood Media's financial statements and MDA for the three and six months\n ended June 30, 2011 have been filed on SEDAR.\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 150 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 ...

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