TORONTO, June 4, 2012 /PRNewswire/ - Mood Media Corporation (TSX:MM / LSE AIM:MM), the world's leading in-store media solutions provider, today announced that it has been named one of the Fastest-Growing Companies in Canada by PROFIT Magazine for the second year in a row.
With US$330 million dollars in sales in 2011, representing an impressive 14,318% growth since 2006, Mood Media ranked #2 in the PROFIT 200 list, which profiles the country's most successful growth companies.
Building on momentum from 2010, Mood Media accelerated its transformation of the in-store media marketplace with innovative new products, better and more efficient distribution platforms, expansion in fast-growing emerging markets, and a continued focus on operational excellence.
"We are very proud to be recognized for the second year in a row for our financial performance," says Lorne Abony, CEO and Chairman of Mood Media Corporation. "At Mood Media we have an entrepreneurial culture that encourages our employees to challenge industry norms and be innovative. We are always bringing new solutions to our clients, and our reward has been our tremendous growth."
Ranking Canada's Fastest-Growing Companies by five-year revenue growth, the PROFIT 200 profiles the country's most successful growth companies. Published in the Summer issue of PROFIT and online at PROFITguide.com, the PROFIT 200 is Canada's largest annual celebration of entrepreneurial achievement.
"The PROFIT 200 companies are an inspiration to Canadian entrepreneurs and would-be entrepreneurs," says Ian Portsmouth, Editor-in-Chief of PROFIT Magazine. "PROFIT is proud to celebrate the success of these businesspeople, who, despite a challenging economy, have achieved outstanding success in a wide variety of fields."
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.
Operating through its principal divisions, Mood Media Corporation works with over 580,000 commercial locations in over 40 countries throughout North America, Europe, Asia and Australia. Through its subsidiaries, Mood Media Corporation's products and services reach 100 million people every day in 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 further information about Mood Media, please visit www.moodmedia.com.
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 30 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.
SOURCE Mood Media Corporation