Dalton Brings Nearly 20 Years of Capital Markets and Investment Banking
Experience to Board
TORONTO, Dec. 23, 2013 /CNW/ - Mood Media Corporation (ISIN:
CA61534J1057) (TSX: MM) (LSE AIM: MM) ("Mood Media" or the "Company")
today announced that Kevin William Dalton, 46, has been appointed to
the Board of Directors, effective January 1, 2014.
Mr. Dalton brings nearly 20 years of technology, media and telecom
capital markets and investment banking experience to Mood Media's
Board. Most recently Mr. Dalton served as the Vice Chairman, Head of
Investment Banking at Desjardins Securities, the brokerage arm of
Desjardins Group, the biggest financial institution in Quebec and the
largest cooperative financial group in Canada. Prior to this role, he
served as President of Blackmont Capital, a full-service investment
dealer that now operates under the name Stonecap Securities Inc. Before
Blackmont Capital, Mr. Dalton held roles of increasing responsibility
over a 14-year period in the investment banking division of CIBC World
Markets, including Managing Director, Head of Canadian Diversified
Investment Banking.
"We believe that Kevin's extensive knowledge of the financial markets
and significant experience in the technology and media industries will
allow him to bring a valuable new perspective to the Board," said
Philippe von Stauffenberg, Chairman of the Mood Media Board. "As Mood
continues to execute its strategy to leverage its market-leading
portfolio of assets to its full potential and enhance shareholder
value, we believe Kevin's expertise will be extremely useful. Steve
Richards and the rest of the new senior leadership team are executing
on a plan to transform Mood by focusing resources on opportunities
where the Company has the greatest potential to drive growth and
profitability. We look forward to Kevin's contributions to the Board as
we work closely with [Steve's/the management] team to achieve these
important objectives."
About Kevin Dalton
Kevin Dalton is a nearly 20-year veteran of the capital markets and
investment banking industry. Mr. Dalton most recently held the position
of Vice Chairman, Head of Investment Banking at Desjardins Securities,
the brokerage arm of Desjardins Group, the biggest financial
institution in Quebec and the largest cooperative financial group in
Canada. Prior to joining Desjardins, Mr. Dalton worked at Blackmont
Capital, a full-service investment dealer that now operates under the
name Stonecap Securities Inc., first serving as Managing Director, Head
of Investment Banking, then moving onto the role of President. Mr.
Dalton spent 14 years in the investment banking division of CIBC
Capital Markets, where he specialized in the technology, media and
telecommunications sectors, and served as Managing Director, Head of
Canadian Diversified Investment Banking. He began his career at The
Hathaway Corporation, a Toronto-based consulting firm that provides
clients with expert financial advice on a variety of disciplines,
including valuations, fairness opinions and M&A. Mr. Dalton holds a
Bachelor of Arts in Honors Business Administration from the University
of Western Ontario.
About Mood Media Corporation
Mood Media Corporation (TSX:MM/ LSE AIM:MM), is one of the world's
largest designers of in-store consumer experiences, including audio,
visual, interactive, scent, voice and advertising solutions. Mood
Media's solutions reach over 150 million consumers each day through
more than half a million subscriber locations in over 40 countries
throughout North America, Europe, Asia and Australia.
Mood Media Corporation's client base includes 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. Our marketing platforms include 77% of the top 100
retailers in the United States and 100% of the top 50 quick-serve and
fast-casual restaurant companies.
For further information about Mood Media, please visit www.moodmedia.com.
Save as disclosed, there is no further information required to be
disclosed under Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules
in relation to the appointment of Kevin Dalton.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements. The words
"believe", "expect", anticipate", "estimate", "intend", "may", "will",
"would" and similar expressions and the negative of such expressions
are intended to identify forward-looking statements, although not all
forward-looking statements contain these identifying words. These
forward-looking statements are subject to important assumptions,
including without limitation, expected growth, results of operations,
performance, and business prospects and opportunities. While Mood Media
considers these factors and assumptions to be reasonable based on
information currently available, they may prove to be incorrect. Known
and unknown factors could cause actual results to differ materially
from those projected in the forward-looking statements. Such factors
include, but are not limited to: the impact of general market,
industry, credit and economic conditions, currency fluctuations as well
as the risk factors identified in Mood Media's management discussion
and analysis dated November 14, 2013 and Mood Media's annual
information form dated March 28, 2013, both of which are available on
www.sedar.com. Given these uncertainties, readers are cautioned not to
place undue reliance on such forward-looking statements. All of the
forward-looking statements made in this press release are qualified by
these cautionary statements and other cautionary statements or factors
contained herein, and there can be no assurance that the actual results
or developments will be realized or, even if substantially realized,
that they will have the expected consequences to, or effects on, Mood
Media. Forward-looking statements are given only as at the date hereof
and Mood Media disclaims any obligation to update or revise the
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by applicable laws.
SOURCE Mood Media Corporation