Remark Media Announces Completion of Name Change and New Executive Management Team
January 05 2012 - 9:30AM
Remark Media, Inc. (Nasdaq: MARK), a global digital media company,
announced the formal completion of its corporate name change from
HSW International, Inc. to Remark Media, Inc., the change of its
stock ticker symbol from "HSWI" to "MARK", and the appointment of a
new executive management team. The Company’s new corporate
website address is www.remarkmedia.com.
The new name, Remark Media, signals a strategic shift that
includes the development of new proprietary owned websites and the
expansion of its services business. The Company is leveraging
its unique competencies and proven expertise at the intersection of
web publishing and social media to capitalize on a changing online
media marketplace. The new executive management team will support
this new strategy and drive the company towards the future.
Carrie Ferman, formerly the Company’s Executive Vice President
of Corporate Strategy, will assume the role of Chief Executive
Officer. Bradley Zimmer, formerly the Company’s Executive
Vice President and General Counsel, will assume the role of Chief
Operating Officer. Eric Orme will remain Chief Technology
Officer.
"From the engaging remarks of social media participants, to
remarkable content, to producing digital media experiences that
make their mark through superior technology capabilities and
enhanced content architecture, the name Remark Media embodies the
Company’s mission and goals," said Ferman. "The new management team
possesses the right mix of talents and skills to bring Remark Media
to a new level of success in 2012."
Scott Booth, who has served as a member of the Company’s Board
of Directors since 2009, has been elected Chairman of the
Board. He is the founder of and a Managing Partner at Eastern
Advisors, LLC, a New York based investment firm that specializes in
both public and private investments. The group was launched in 2003
with seed capital from Julian Robertson. Greg Swayne, the
Company’s former Chairman and Chief Executive Officer, is remaining
as a member of the Board.
"I am extremely excited about the changes taking place at Remark
Media," said Booth. "With the explosion in popularity of
social media, in many ways companies have had to rethink how they
attract, engage with and retain customers, and Remark Media is
poised to provide the market with the best platforms, tools and
services to transform online spaces into rich, immersive and
interactive experiences."
About Remark Media
Remark Media, Inc. (Nasdaq: MARK) is a global digital media
company focused on developing social media businesses that
incorporate relevant, high quality content. Remark Media’s services
business offers a suite of web services and proprietary platforms
that provide brands opportunities to build consumer awareness,
promote content engagement and foster brand-customer interactions.
The Company's leading brands, 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 the exclusive digital publisher in
China and Brazil for translated content from HowStuffWorks.com, a
subsidiary of Discovery Communications, and in China for certain
content from World Book. Remark Media is also a founding partner
and developer of the U.S.-based product Sharecare, a highly
searchable social Q&A healthcare platform organizing and
answering the questions of health. The Company is headquartered in
Atlanta with additional operations in New York, Beijing and Sao
Paulo.
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; 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: Bradley T. Zimmer
T: 404-974-2722
bzimmer@remarkmedia.com
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