Remark Media Announces Entry into Lifestyle Vertical

Remark Media Announces Entry into Lifestyle Vertical

Acquires beach lifestyle brand, and closes upon $4 million
convertible debt financing.

Atlanta, April 3, 2013 (GLOBE NEWSWIRE) -- Remark Media, Inc. (NASDAQ: MARK),
a global digital media company, today announced its entry into the lifestyle
media vertical, providing digital media destinations, content and services to
the 18-34 year old market. As the first entry into this new business line, it
has today announced the acquisition of, a digital beach lifestyle
brand providing websites, branded merchandise, and mobile content. Over the
coming months, Remark Media will introduce a refreshed brand and a
new website at, with a focus on providing sophisticated and
informative content, social media and services for fun in the sun
destinations, style, and health and fitness.

Remark Media additionally has secured $4 million in convertible debt financing
to support its growth into the lifestyle vertical. The financing is provided
by Digipac, LLC, a lender controlled by and in part owned by Mr. Kai-Shing
Tao, Remark Media's Chairman and Chief Executive Officer. The financing
closed on April 2, 2013. Digipac, which was established to provide capital
for the Company, consists of a global group of media and technology
investors. This $4 million is in addition to the $1.8 million of financing
provided by Digipac in November 2012.

" represents the first step in developing a digital media platform
for the 18 to 34 year old lifestyle," said Mr. Tao. "Today's young adult
market represents not just consumers of digital media, but active participants
who seek to be informed and entertained, to be engaged in personalized online
experiences, and to have the ability to immediately transact on their own
terms. Remark Media is enthusiastically moving forward in building their
online destinations. As we continue to aggressively pursue the additional
components for our vision, I am pleased to be able to provide financial
support for the growth of Remark Media."

The 18 to 34 demographic is the first age group to have grown up with the
Internet and social media, and is an increasingly meaningful user base that is
redefining how media is consumed. They represent a disproportionally large
percentage of the consumers viewing online videos, engaging in social
networking, owning tablets, and using smartphones, according to Nielsen
research. Media consumers who are 18-34 continue to increase their engagement
with digital media, representing approximately 4 in 10 online video views
according to the IAB. For those in this demographic who use social networks,
they spend an average of 3.8 hours daily doing so, reported Ipsos.

The Convertible Note issued for the financing matures in two years with a
6.67% annual interest rate for the first year and 8.67% annual interest rate
for the second year, and upon approval of the Company's shareholders is
convertible into Common Stock of the Company at the rate of $2.00 per share.
This represents an approximately 32% premium to the average volume weighted
average prices of the Company's Common Stock for the thirty trading days prior
to entrance into the agreement.

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,, and
The Company is the exclusive digital publisher in China and Brazil for
translated content from, a subsidiary of Discovery
Communications. BoWenWang ( and ComoTudoFunciona (
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 operations in Las Vegas, Beijing and Sao
Paulo. Additional information is available on its corporate website at

Forward-Looking Statements:

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
acquisition of new businesses; successfully integrating new businesses and
improving their performance; 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: Remark Media
         Investor Relations
         +1 (770) 821-6670

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