Mood Media Corporation (TSX:MM/ LSE AIM:MM), the leading global provider of in-store media, music, digital signage and scent solutions, today announced that it has been named the fastest-growing company in Canada by PROFIT Magazine. With US$145 million dollars in sales in 2010, representing an impressive 72,384% growth since 2005, Mood Media tops the PROFIT 200 list, which profiles the country’s most successful growth companies. With the recently completed acquisition of U.S.-based Muzak, Mood Media has trailing twelve months (LTM) revenue of approximately US$400 million on a pro forma basis, and trailing LTM EBITDA in excess of US$114 million.
Formed in 2005, Mood Media has become a global leader through a combination of disruptive innovation in music licensing and media convergence and a series of strategic acquisitions.
“We are very proud to be recognized for our financial performance and entrepreneurial achievement,” said Lorne Abony, CEO and Chairman of Mood Media Corporation. “To be recognized as Canada’s fastest-growing company by one of Canada’s leading business magazines honours the commitment of our employees to create and deliver memorable consumer experiences that increase loyalty, create brand differentiation, and maximize point-of-sale revenues for our clients.”
The PROFIT 200 ranks Canada’s Fastest-Growing Companies by five-year revenue growth. Published in the summer issue of PROFIT and online at PROFITguide.com, the PROFIT 200 is Canada’s largest annual celebration of entrepreneurial achievement.
“We are confident that considerable future opportunities for growth lie ahead,” said Lorne Abony. “The market for in-store media remains largely untapped, with industry penetration at less than 10 percent of addressable retail locations globally, and we are ideally positioned to capitalize on these opportunities.”
Ian Portsmouth, Editor-in-Chief of PROFIT magazine, said: “The PROFIT 200 companies are the innovative, high-growth enterprises Canada needs to compete on the global stage.
“PROFIT is proud to celebrate their achievements and ambitions, and we encourage all businesspeople to learn more about the many ways they’ve come so far, so fast.”
– ENDS –
About Mood Media Corporation
Mood Media Corporation (TSX:MM/ LSE AIM:MM) is a leading in-store media specialist that uses a mix of music, visual and scent media to help its clients communicate with consumers with a view to driving incremental sales at the point-of-purchase.
Through its subsidiaries Mood, Muzak and Mood Entertainment, Mood Media Corporation’s products and services reach 100 million people every day in more than 470,000 locations across 39 countries throughout North America, Europe, Asia and Australia.
Mood Media Corporation operates an international in-store media and music retail business with an extensive geographic footprint and a broad client base including more than 850 U.S. and international brands in diverse market sectors that include: retail, from fashion to financial services; hospitality, from hotels to health spas; and food retail, including restaurants, bars, quick-serve and fast casual dining.
For more information on Mood Media Corporation visit www.moodmedia.com
Fleishman Hillard Inc. (New York)
Jeremy.jacobs [at] fleishman.com
Tel: +44 20 7395 7017
E-mail: alan.osullivan [at] fleishmaneurope.com
Tel: +44 207 459 3600
About PROFIT Magazine
PROFIT: Your Guide to Business Success is Canada’s preeminent publication dedicated to the management issues and opportunities facing small and mid-sized businesses. For 29 years, Canadian entrepreneurs and senior managers across a vast array of economic sectors have remained loyal to PROFIT because it’s a timely and reliable source of actionable information that helps them achieve business success and get the recognition they deserve for generating positive economic and social change.
Visit PROFIT online at PROFITguide.com.
Senior Account Executive, Financial Services
Fleishman-Hillard | Digital. Integrated. Global.
Source: Mood Media Corporation