Mood Media CEO Lorne Abony Nominated for Ernst & Young Entrepreneur of the Year in Ontario
By Mood Media Corporation, PRNEThursday, July 7, 2011
TORONTO, July 8, 2011 -
Award Honors
Canada’s Most Impressive Entrepreneurs
Mood Media Corporation (TSX:MM/ LSE AIM:MM), the leading
global provider of in-store media, music, digital signage and
scent solutions, today announced that CEO and Chairman Lorne Abony
has been named a finalist for Ernst & Young Entrepreneur of
the Year.
The Canadian Entrepreneur of the Year program is in its
18th year of honoring the country’s most impressive entrepreneurs
from all areas of business. Award winners are chosen based on their
vision, leadership, financial success and social
responsibility.
Mr. Abony is a successful entrepreneur with a strong track
record in creating shareholder value in ventures ranging from
online pet supplies to encryption software, and has raised more
than $1 billion in capital over the past 10 years.
“Businesses - and countries - don’t grow by standing still,”
said Colleen McMorrow, National and Ontario Director of
Entrepreneur of the Year. “Entrepreneurial thinking empowers
companies to generate new jobs, open new doors and seize new
opportunities.”
Formed by Abony in 2005, Mood Media has become a global leader
through a combination of disruptive innovation in music licensing
and media convergence and a series of strategic acquisitions. In
May 2011 Mood Media acquired Muzak for US$345 million to create the
largest in-store media provider in the world, nearly five times the
size of its next largest competitor. In June 2011, Mood Media was
named Canada’s Fastest-Growing Company by PROFIT Magazine.
“I am proud to be recognized for entrepreneurial achievement,”
said Lorne Abony, CEO and Chairman of Mood Media Corporation. “I am
confident that more opportunities lie ahead for me, for our
company, and for businesses across Canada.”
A native of Toronto, Canada, Abony has an MBA from Columbia
Business School, an L.L.B. from the International Law Centre at the
University of Windsor and a B.A. from McGill University. He sits on
the board of the Boston Foundation for Sight, and the advisory
board of Der Grüne Punkt - Duales System Deutschland GmbH (DSD) a
leading provider in the growing market of closed-loop recycled
consumer and commercial packaging.
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.
Through its subsidiaries Mood, Muzak and Mood Entertainment,
Mood Media Corporation’s products and services reach 150 million
people every day in more than 470,000 locations across 40 countries
throughout North America, Europe, Asia and Australia.
Mood Media Corporation operates an international in-store media
and music retail business with an extensive geographic footprint
and 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:
For more information on Mood Media Corporation visit
contact:
Jeremy Jacobs
Fleishman Hillard Inc. (New York)
+1-212-453-2498
Alan O’Sullivan
Fleishman-Hillard (London)
+44-20-7395-7017
.
Tags: canada, July 8, Mood Media Corporation, Toronto
