Mood Media announces results of 2013 annual and special meeting

TORONTO, June 25, 2013 /CNW/ - Mood Media Corporation (ISIN: CA61534J1057) (TSX: MM / LSE AIM: MM) ("Mood Media" or the "Company") is pleased to announce that all resolutions were passed at its annual and special meeting of shareholders that was held today in Toronto, Ontario, Canada.

In addition to the election of each of the nominee directors discussed in detail below, at the meeting Ernst & Young LLP were re-appointed auditors of the Company and the resolution to approve, ratify and confirm the Company's By-Law No. 2 (an advance notice by-law) were all approved.

Election of Directors

According to proxies received and a vote by show of hands, the seven nominees set forth in the management information circular of the Company dated May 24, 2013 (the "Circular") were elected as directors of the Company to hold office until the close of the next annual meeting of the Company's shareholders or until their successors are duly elected or appointed.

The following are the voting results on this matter:

Director   Number of Shares   Percentage of Votes
Cast
             
Lorne K. Abony   Votes For:   87,808,949   87.88%
    Votes Withheld:   12,109,479   12.12%
             
Justin F. Beckett   Votes For:   60,376,037   60.43%
    Votes Withheld:   39,542,391   39.57%
             
James Lanthier   Votes For:   87,811,449   87.88%
    Votes Withheld:   12,106,979   12.12%
             
Richard Weil   Votes For:   85,543,749   85.61%
    Votes Withheld:   14,374,679   14.39%
             
Harvey Solursh   Votes For:   89,846,449   89.92%
    Votes Withheld:   10,071,979   10.08%
             
Anatoli Plotkine   Votes For:   87,909,349   87.98%
    Votes Withheld:   12,009,079   12.02%
             
Philippe von Stauffenberg   Votes For:   37,435,565   37.47%
    Votes Withheld:   62,482,863   62.53%


Appointment of Auditors

According to proxies received and vote by show of hands, Ernst & Young LLP were appointed as the Company's auditors for the ensuing fiscal year and the directors were authorized to fix the remuneration to be paid to the auditors.

The following are the voting results on this matter:

    Number of Shares   Percentage of Votes Cast
         
Votes For:   102,733,846   97.81%
         
Votes Withheld:   2,297,279   2.19%


By-Law No. 2

According to proxies received and a vote by ballot, the resolution to confirm, approve and ratify the Company's By-Law No. 2, the full text of which is attached to the Circular and available on www.sedar.com, was approved.

The following are the voting results on this matter:

  Number of Shares Percentage of Votes Cast
     
Votes For: 81,379,549 81.45%
     
Votes Against: 18,538,879 18.55%



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 560,000 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.

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 March 27, 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



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