Mood Media Corporation Announces Acquisition Of Assets Of Franchisee

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 Risk Factors section of Mood Media's management discussion and analysis dated October 9, 2012 and the risk factors identified in the annual information form of Mood Media dated March 30, 2012, 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.

Mood Media defines ''EBITDA'' as net income (loss) before finance costs, income taxes, depreciation and amortization. Mood Media defines ''adjusted EBITDA'' as EBITDA after removing amounts relating to share-based compensation, transaction costs attributable to business combinations, restructuring, integration and merger related charges and other events that are not in the normal course of operations.  Mood Media presents EBITDA and adjusted EBITDA information as supplemental figures because management believes it provides useful information regarding operating performance.  EBITDA and adjusted EBITDA are not recognized measures under International Financial Reporting Standards ("IFRS"), do not have standardized meaning, and are unlikely to be comparable to similar measures used by other companies. Accordingly, investors are cautioned that EBITDA and adjusted EBITDA should not be construed as an alternative to net earnings or (loss) determined in accordance with IFRS as an indicator of the operating performance.

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