LAS VEGAS, Dec. 1, 2015 /PRNewswire/ -- Remark Media, Inc., (NASDAQ: MARK) the Las Vegas-based digital media company specializing in the Millennial demographic, entered into a contract to manage local marketing and community relations efforts for ride-sharing service Lyft in Las Vegas.
"Remark has built a unique position in Las Vegas marketing and advertising, which was further strengthened by our September 2015 acquisition of the city's premier travel and entertainment booking site, Vegas.com," said Remark Media's Chairman and CEO Kai-Shing Tao. "We have experience reaching a demographic that is well served by Lyft, making us a perfect match. We are excited about the opportunity to help Lyft better serve the needs of the greater Las Vegas community, and we intend to pursue additional relationships with like-minded companies."
About Lyft: Lyft was founded to reconnect people and communities through better transportation. Co-founded in June 2012 by Logan Green and John Zimmer, Lyft is the fastest growing rideshare company in the U.S. Available in more than 150 cities, Lyft is preferred by drivers and passengers for its safe and friendly experience, and its commitment to affecting positive change for the future of our cities.
About Remark Media: Remark Media, Inc. (MARK) is a global digital media company which owns and operates digital media properties, such as websites and applications for mobile devices, that provide unique, dynamic digital media experiences in multiple content verticals including travel, personal finance, social media, young adult lifestyle, and entertainment. The company is headquartered in Las Vegas, Nevada, with additional operations in Beijing and Chengdu, China. For more information, please visit the Company's website at www.remarkmedia.com.
Forward-Looking Statements This press release contains "forward-looking statements," as defined in Section 27A of the Securities Act of 1933, 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: its losses and need to raise capital; its ability to successfully manage its growth; its ability to procure content and monetize audiences; recent and future changes in technology, services and standards; a disruption or failure of its or its vendors' network and information systems or other technology relied on by Remark Media; changes in consumer behavior, including changes in spending behavior and changes in when, where and how content is consumed; the popularity of its products and services; changes in its plans, initiatives and strategies, and consumer acceptance thereof; competitive pressures, including as a result of user fragmentation and changes in technology; changes in advertising market conditions or advertising expenditures due to, among other things, economic conditions, changes in consumer behavior, pressure from public interest groups, changes in laws and regulations and other societal or political developments; piracy and Remark Media's ability to exploit and protect its intellectual property rights in and to its content and other products; restrictions on intellectual property under agreements with third parties; challenges inherent in developing an online business; reliance on key personnel; risks of business in foreign countries, notably China, including obtaining regulatory approvals and adjusting to changing political and economic policies; governmental laws and regulations, including unclear and changing laws and regulations related to the Internet sector in foreign countries, especially China; 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 the company's 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.
Remark Media Contact: Lauren Rogat email@example.com
Remark Investor Relations Contact: Douglas Osrow Remark Media, Inc. 702-701-9514
Investor Relations Contact: Becky Herrick / Kirsten Chapman LHA Investor Relations firstname.lastname@example.org 415-433-3777
SOURCE Remark Media, Inc.