Remark Media Announces Strategic Partnership with TheStreet
NEW YORK, NY and ATLANTA, GA, Nov. 14, 2012 (GLOBE NEWSWIRE) -- Remark Media,
Inc. (Nasdaq:MARK)--a global digital media company--today announced the
formation of a strategic partnership with TheStreet, Inc. to expand growth of
its personal finance websites.
"We are very excited about entering this strategic partnership with
TheStreet," said Carrie Ferman, Co-Chief Executive Officer of Remark Media.
"This agreement allows us to extend beyond our existing capabilities and is
intended to accelerate the growth of our personal finance digital brands."
Under the agreement, TheStreet will leverage its strengths in sales, marketing
and editorial as well as its years of experience and success as a leading
digital financial media company to support Remark Media's strategic objectives
and help drive consumer awareness and new revenue growth. Remark Media will
continue to expand the sites' product offerings and features to provide an
interactive and engaging experience for consumers.
About Remark Media:
Remark Media, Inc.(Nasdaq: MARK) is a global digital media company focused on
creating destinations that merge engaging content with rich social
interaction. Remark Media owns and operates a portfolio of personal finance
digital brands including Dimespring.com, Banks.com, IRS.com and FileLater.com.
The Company is the exclusive digital publisher in China and Brazil for
translated content from HowStuffWorks.com, a subsidiary of Discovery
Communications. BoWenWang (bowenwang.com.cn) and ComoTudoFunciona (hsw.com.br)
provide readers in China and Brazil with thousands of articles about how the
world around them works, serving as destinations for credible,
easy-to-understand reference information. Remark Media is also a founding
partner and developer of Sharecare, a highly searchable social Q&A healthcare
platform organizing and answering health and wellness questions. The Company
is headquartered in Atlanta with additional operations in New York, Beijing
and Sao Paulo. Additional information is available on its corporate website at
This press release contains "forward-looking statements", as defined in
Section 27A of the Securities Act of 1993, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking statements may be
in the future tense, and often include words such as "anticipate", "expect",
"project", "believe", "plan", "estimate", "intend", "will" and "may". These
statements are based on current expectations, but are subject to certain risks
and uncertainties, many of which are difficult to predict and are beyond the
control of Remark Media. Relevant risks and uncertainties include those
referenced in Remark Media's filings with the SEC, and include but are not
limited to: our losses and need to raise capital; successfully developing and
launching new digital media properties; successfully executing upon the
strategic relationship with TheStreet; the ability of TheStreet's operations
to benefit our digital media properties; challenges in attracting users to and
selling advertising for websites; restrictions on intellectual property under
agreements with Sharecare and third parties; challenges inherent in developing
an online business; reliance on key personnel; general industry conditions and
competition; and general economic conditions, such as advertising rate,
interest rate and currency exchange rate fluctuations. These risks and
uncertainties could cause actual results to differ materially from those
expressed in or implied by the forward-looking statements, and therefore
should be carefully considered. Remark Media assumes no obligation to update
any forward-looking statements as a result of new information or future events
or developments, except as required by law.
CONTACT: Investor Relations Contact:
Remark Media Logo
Press spacebar to pause and continue. Press esc to stop.