Battushig Batbold Joins Remark Media as Head of Business Development and Strategy in Asia
LAS VEGAS, April 6, 2015 /PRNewswire/ -- Remark Media, Inc. (NASDAQ: MARK) ("Remark Media" or the "Company") today announced that Battushig Batbold has joined Remark Media as Head of Business Development and Strategy – Asia. Mr. Batbold is a Governing Board Member of America Needs You, a non-profit that fights for economic mobility for ambitious, first-generation college students. Previously, he was an analyst at Morgan Stanley in London within the Investment Banking Division.
"With Battushig joining Remark Media, we are able to benefit from his experience in building businesses in Asia," said Remark Media CEO Kai-Shing Tao. "With the expected launch of KanKan during the second quarter of 2015 and our other assets in Asia, Battushig's addition to the team is timely."
Mr. Batbold also is Board Director at Altai Holding, a Mongolian private company, and is affiliated with the Brookings Institute and One Young World, a non-profit for socially committed individuals with leadership potential. Mr. Batbold graduated from Harvard University with an M.B.A. and from the University of Chicago with a B.A. in Economics.
About Remark Media
Remark Media, Inc. (NASDAQ: MARK) is a global digital media company focusing on the 18-to-34-year-old, or the "Millennial". Our primary operations consist of owning and operating digital media properties, such as websites and applications for mobile devices, that provide unique, dynamic digital media experiences in multiple content verticals, including personal finance, young adult lifestyle, travel, education and entertainment. Our websites and mobile applications provide what we believe are compelling content, trusted brands, and valuable resources for consumers.
We are headquartered in Las Vegas, Nevada, with additional operations in Beijing, China and Sao Paolo, Brazil. Our common stock is listed on the NASDAQ Capital Market under the ticker symbol 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
[email protected]
SOURCE Remark Media, Inc.
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