Monday, June 1, 2015

Remark Media, Inc. (MARK) Building Increasingly Powerful Portfolio in the Digital Media Industry

Remark Media, Inc. (NASDAQ: MARK) is an innovative digital media company focused on the 18 to 34 year old demographic across a variety of verticals, including fashion, sports, entertainment, health and wellness, personal finance and informational know-how. Utilizing culturally relevant and dynamic content, the company attracts and engages users on a global scale.

Remark’s portfolio includes a collection of proven brands, including Bikini.com, Banks.com, US TaxCenter, and Filelater.com. In addition, Remark is a founding partner and developer of Sharecare, a social Q&A healthcare platform organizing and answering health and wellness questions. Sharecare’s list of co-founders also includes some of the world’s most recognizable figures, such as Dr. Mehmet Oz, Oprah Winfrey, and WebMD founder Jeff Arnold.

roomlia®, a hotel booking app for Android and iOS devices, is quickly growing into one of Remark’s most promising brands. Named “The Hotel Booking App That Will Change Everything!” by Yahoo Travel, the app is currently available in 70 leading destinations around the country, with new hotels and cities being added daily. In April, the company launched a new rewards program to drive increased customer loyalty and grow market share in the online travel agency (OTA) industry in the months to come.

Expanding on its successes in the mobile space, Remark is currently developing a social media app, known as Project KanKan, designed to link all major social media networks.

“We believe that we have dealt with the biggest hurdles to getting KanKan to launch and now expect to launch the app in China following receipt of certain third party approvals, with a plan to expand globally thereafter,” stated Kai-Shing Tao, Chief Executive Officer of Remark. “We believe that KanKan is about discovery, and we look forward to users discovering how much KanKan can do.”

Since its incorporation in 2006, Remark has developed an increasingly significant presence in the global media industry. In addition to its headquarters in Las Vegas, Remark has operations in Beijing, China and Sao Paulo, Brazil, where it operates local versions of the HowStuffWorks brand. In China, the company also owns PPTV, the country’s first digital boxing channel, which is now China’s leading online TV service.

According to the company’s latest financial reports, Remark made significant strides towards profitability in the first quarter of 2015. As the company prepares to launch the KanKan platform and continues promoting and refining its existing portfolio, look for Remark to make strides toward significant growth in the digital media industry in the years to come.

For more information, visit www.remarkmedia.com

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