Dalton Brings Nearly 20 Years of Capital Markets and Investment Banking Experience to Board
TORONTO, Dec. 23, 2013 /PRNewswire/ - 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