MOOD MEDIA CORPORATION: Acquisition of Technomedia Solutions

Mood Media Announces Acquisition of Technomedia Solutions, a Premier Provider
of Advanced Entertainment, Education and Consumer Experience Solutions 
TORONTO, Dec. 27, 2012 /CNW/ - Mood Media Corporation (ISIN: CA61534J1057)
(TSX:MM / LSE AIM:MM) ("Mood Media" or the "Company"), announced today that it
has acquired the assets of Technomedia Solutions and sister company,
GoConvergence, for approximately US$23 million in cash plus contingent
consideration payable in 2014, which is based on the profitable growth of the
operations. 
Technomedia Solutions and GoConvergence are premier providers of the world's
most advanced media and technology innovations for multiple industries,
including retail, hospitality, theme parks, performing arts, museums, special
venue, education and others. Formed in 2001, Technomedia brings a total
turn-key model to create compelling consumer destinations for a diverse range
of customers, which include Abercrombie & Fitch, Hard Rock Café International,
Cirque du Soleil, Wanda Group as well as leading entertainment and education
clients globally.  In 2012, Technomedia is expected to generate annual revenues
of US$43 million and EBITDA of US$5.7 million. 
"Technomedia's leadership in the entertainment, education and consumer
experience categories worldwide will not only be a core focus of our collective
growth and development plan, they are a great fit with our assets and strategy
of transforming the point-of-sale environment using cutting-edge media and
technology solutions," stated Lorne Abony, Chairman and CEO of Mood Media. "We
see substantial opportunity to leverage the strengths of our combined
businesses to build a truly first class consumer-experience powerhouse." 
"The transaction will be immediately accretive to Mood Media's shareholders
while accelerating the growth profile and competitive positioning of the
combined businesses. We are excited about the opportunity ahead and look
forward to utilizing our combined strengths to build on what Technomedia has
established in concert with Mood's initiatives to help our customers achieve
their goals." 
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. 
For further information about Mood Media, please visit www.moodmedia.com. 
About Technomedia Solutions 
Based in Orlando, Florida, and with offices located throughout the United
States and London, Technomedia Solutions LLC led by industry veteran John
Miceli, is a premier provider of advanced audio-visual and interactive media
development, technology design, and integration services to a variety of
industries including: retail, theme park, museum, restaurant, corporate,
military, theatrical, special venue, corporate and educational markets. The
Company is committed to delivering world-class experiences to its clients and
their guests through the creative design and integration of technology and
media. 
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 the following specific
assumptions: general industry and economic conditions; and changes in
regulatory requirements affecting the businesses referred to. While Mood Media
considers these factors and assumptions to be reasonable based on information
currently available, they may prove to be incorrect. Historical performance may
not be indicative of future performance. 
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 the
Company's financial and regulatory disclosures. 
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 
For further information: 
Investor Enquiries 
Randal Rudniski
Mood Media Corporation
Tel: +1 (416) 565 9295
Email: randal.rudniski@moodmedia.com 
Dominic Morley
Hannah Woodley
Panmure Gordon (UK) Limited
+44 20 7459 3600 
North America Media Enquiries
Sumter Cox
Mood Media Corporation
Tel: +1 (803) 242 9147 
                                                                            
                                                                           
(MM. MM)                                                                        
                                                                            
END 
-0- Dec/27/2012 07:00 GMT
 
 
Press spacebar to pause and continue. Press esc to stop.