remark8k_mar32015.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
____________________

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 3, 2015

REMARK MEDIA, INC.
(Exact name of registrant as specified in its charter)
     
Delaware
001-33720
33-1135689
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
     
3930 Howard Hughes Parkway, Suite 400, Las Vegas, Nevada
89169
(Address of Principal Executive Offices)
(Zip Code)
   
Registrant’s telephone number, including area code: (702) 701-9514
   
N/A
(Former name or former address, if changed since last report.)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o           Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o           Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o           Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o           Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 


 

 

Item 8.01.
Other Events.
 
On March 3, 2015, Remark Media, Inc. (the “Company”) issued a press release announcing an update on the development of its social media app, code name “Project KanKan”.  A copy of the press release is attached as Exhibit 99.1 and incorporated herein by reference.
 
In the press release, the Company referenced a presentation about KanKan available on the Company’s website.  A copy of the presentation is attached as Exhibit 99.2 and incorporated herein by reference.
 

Item 9.01.
Financial Statements and Exhibits.
 
(d)           Exhibits.

Exhibit No.
Description
   
99.1
Press release dated March 3, 2015
99.2
Project KanKan presentation


 
 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


 
REMARK MEDIA, INC.
   
   
Dated: March 3, 2015
By: 
/s/ Douglas Osrow
 
Name: Douglas Osrow
 
Title:   Chief Financial Officer

 

 
 

 

EXHIBIT INDEX
 
Exhibit No.
Description
   
99.1
Press release dated March 3, 2015
99.2
Project KanKan presentation

ex99-1.htm
Exhibit 99.1

Remark Media Announces Update on Development of “KanKan” Social Media App

LAS VEGAS, Mar. 3, 2015 /PRNewswire/ -- Remark Media, Inc. (Nasdaq: MARK) (“Remark Media” or the “Company”), today announced an update on the development of its social media app, code name “Project KanKan”, which is being designed initially to link all major social media networks from a front end and back end perspective.
 
“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,” said Remark Media CEO Kai-Shing Tao. “To help introduce investors to KanKan and what we think it brings to the social media marketplace, we have posted a presentation about KanKan on our website at www.remarkmedia.com/wp-content/uploads/2015/03/kankan.pdf.  We believe that KanKan is about discovery, and we look forward to users discovering how much KanKan can do.”
 
About Remark Media
 
Remark Media, Inc. (Nasdaq:  MARK) is a global media company that owns and operates a portfolio of assets focused on the 18-to-34-year-old (otherwise known as “The Millennials” or “Gen Y”)  demographic across a variety of lifestyle verticals. These include fashion, sports, travel, entertainment, health and wellness, personal finance, and informational know-how.
 
Remark Media’s assets presently include: (i) Bikini.com, an aspirational lifestyle and ecommerce destination for the beach globetrotter; (ii) Roomlia, a mobile hotel booking app that provides a superior user travel experience while balancing the needs of hotel owners; (iii) HowStuffWorks China and Brazil, locally known as BoWenWang and Comotudofunciona, respectively; (iv) PPTV Boxing, the first ever digital boxing channel in China launched in partnership with PPTV, China’s largest leading online TV service; and (v)  Banks.com, US Tax Center at www.irs.com, FileLater.com, and TaxExtension.com, a suite of digital sites focused on personal finance.  Additionally, Remark Media is a founding partner and equity owner of Sharecare, Inc. Created by Jeff Arnold, founder of WebMD, and Dr. Mehmet Oz, in partnership with Harpo Productions, Sony Pictures Television, and Discovery Communications, Sharecare is a highly searchable social healthcare platform organizing and answering the questions of health.
 
The Company is headquartered in Las Vegas with operations in Beijing and Sao Paulo. Remark Media is listed on The NASDAQ Capital Market under the ticker MARK.
 
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; ability to procure content and monetize audiences; recent and future changes in technology, services and standards; a disruption or failure of Remark Media’s 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 Remark Media’s products and services; changes in Remark Media’s 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 and Brazil, 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 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:
Douglas Osrow
+1 (702) 701-9514 ext. 3025
ex99-2.htm
Exhibit 99.2