CÜR Media Fills Key Executive Positions in Preparation of Its Anticipated 2015 Launch of CÜR Music

GLASTONBURY, Conn., June 2, 2015 /PRNewswire/ -- CÜR Media, Inc. ("CÜR Media" or the "Company") (OTCQB: CURM) announced today that it has filled several key executive positions as the Company prepares for the launch of CÜR Music, its next generation social music streaming application expected to launch later this year on mobile and web. 

Michael Betts, Chief Technology Officer, previously CÜR Media's Acting Chief Technology Officer, is a veteran software professional with over 25 years of successfully delivering software solutions.  Before joining the Company in May 2012 as Senior Platform Architect, he was the CTO /Architect at Artbox LLC, which he joined in September 2009.  Prior to Artbox, he was Principal of Software Development Group LLC, whose major clients included Konica-Minolta, HP, NIST, and Microsoft.  Mr. Betts has a Master's Degree in Computer Science from Rensselaer Polytechnic Institute and a B.S., Computer Science Engineering /Electrical Engineering from the University of Connecticut.

John Egazarian, Chief Operating Officer, has over 20 years of experience leading the delivery of innovative software initiatives in complex, competitive environments prior to joining us in February 2014.  Before joining the Company as Senior Vice President of Mobile Solutions in February 2014, Mr. Egazarian led eBusiness for Fallon Community Health beginning in January 2012.  Mr. Egazarian held leadership roles at Travelers Insurance from June 2008 through December 2011. Prior to that, he held various positions at WellPoint and TRC Companies.  He started his career as in product delivery and project execution at Arthur Anderson.  Mr. Egazarian is a graduate of the University of Connecticut.

Kelly Sardo, Chief Financial Officer, joined CÜR Media, Inc. in February 2014 as Controller.  In her current role, Ms. Sardo is responsible for leading the Company's financial activities including planning, financial reporting, tax, risk management, treasury and investor relations.  Prior to joining the Company Ms. Sardo was with the accounting firm of Blum Shapiro where she was responsible for tax strategy and valuation consulting for large and small privately held companies since 2005.  Prior to Blum Shapiro, Ms. Sardo was Controller for CIGNA Corporation and a Senior Accountant with Deloitte & Touche.  She holds a B.S. degree in Accountancy from Bentley University and is certified in the State of Connecticut.  Upon her acceptance of the position, Tom Brophy, CÜR Media's current CEO, relinquished the position of Interim CFO.

Tom Brophy, Founder and CEO of CÜR Media, commented, "As we get closer to our anticipated product launch later this year, we are excited to now have the right executive team in place to execute on our exciting business plan.  Michael, John and Kelly bring a wealth of expertise in their respective fields, and I look forward to working with them to bring CÜR Music to the forefront of the music streaming industry for years to come."

About CÜR Media

CÜR Media is creating a next generation social music experience through the planned launch of CÜR Music, a social mobile and web streaming music application that is being designed to enable its users to go beyond the limitations of traditional music streaming services.  Upon its release, CÜR Music will unlock the true expressive nature of an individual's connection with their music by fostering personalization, sharing and creativity.  With CÜR Music it's not just about streaming, it's about what the music means to you and how you want to express that to the world. For more information please visit www.curmusic.com

Forward-Looking Statements

Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements.  Forward-looking statements may include, without limitation, statements regarding (i) the plans and objectives of management for future operations, including plans or objectives relating to the development of a commercially viable streaming music product, (ii) a projection of income (including income/loss), earnings (including earnings/loss) per share, capital expenditures, dividends, capital structure or other financial items, (iii) the Company's future financial performance, (iv) the Company's ability to negotiate economically feasible agreements with the major and independent music labels and publisher rights organizations, and (v) the assumptions underlying or relating to any statement described in points (i), (ii), (iii), (iv) and (v) above.  Such forward-looking statements are not meant to predict or guarantee actual results, performance, events or circumstances and may not be realized because they are based upon the Company's current projections, plans, objectives, beliefs, expectations, estimates and assumptions and are subject to a number of risks and uncertainties and other influences, many of which the Company has no control over.  Actual results and the timing of certain events and circumstances may differ materially from those described by the forward-looking statements as a result of these risks and uncertainties.  Factors that may influence or contribute to the inaccuracy of the forward-looking statements or cause actual results to differ materially from expected or desired results may include, without limitation, the Company's inability to obtain adequate financing, the length of time associated with development of mobile applications and related insufficient cash flows and resulting illiquidity, the Company's inability to expand the Company's business, lack of product diversification, existing or increased competition, results of arbitration and litigation, stock volatility and illiquidity, and the Company's failure to implement the Company's business plans or strategies.

Investor Contact:
Ascendant Partners, LLC
Fred Sommer
+1-732-410-9810
[email protected]

SOURCE CÜR Media, Inc.

Related Links

http://www.curmusic.com