Abony recognized by Ernst & Young for entrepreneurial excellence in Media and Entertainment
TORONTO, Nov. 4, 2011 /CNW/ - Mood Media (TSX: MM) (LSE AIM: MM) CEO and Chairman, Lorne Abony wins the media and entertainment category at the 2011 Ernst & Young's Entrepreneur of the Year Awards. The award recognizes his tremendous contribution to the growth and evolution of the in-store media industry and the dynamic leadership he demonstrates at Mood Media.
Lorne is revolutionizing in-store media services, to the benefit of retailers and retail brands throughout North America, Europe and Asia. With entrepreneurism in his DNA, Lorne is a catalyst for change in the industry and has introduced innovations in technology, licensing, and media delivery. Under his leadership, Mood Media is growing in every market, scaling the services it provides to global brands, and delivering results for shareholders.
It's been a fantastic week," said Lorne. "We announced our Q3 results, which continue to demonstrate the success of our business model and now winning this award, which I'm truly excited about and honoured by."
"The key to this success is to never stand still. I am continuously looking for something new, interesting and something that will add value to our stakeholders. Our greatest satisfaction remains delivering results for our clients. We work hard to improve the shopping environment and we help our clients to increase sales through our in-store communication channels."
The Entrepreneur Of The Year Awards celebrate the contribution and spirit of entrepreneurs everywhere. The Canadian program is in its 18th year of honouring 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 and encryption software to in-store media services, and has raised more than $1 billion in capital over the past 10 years.
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 Der Grüne Punkt - Duales System Deutschland GmbH ("Green Dot" or "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), named Canada's fastest growing company by PROFIT Magazine, 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 two principal divisions; In-Store Media and Retail Point-of-Purchase, Mood Media Corporation works with over 470,000 commercial locations in over 40 countries throughout North America, Europe, Asia and Australia. Through its subsidiaries Mood Media, Muzak and Mood Entertainment, Mood Media Corporation's products and services reach 100 million people every day.
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.