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Remark Media Announces Election of Jason Strauss as New Director

LAS VEGAS, March 13, 2014 /PRNewswire/ -- Remark Media, Inc. (NASDAQ: MARK), a global digital media company, is pleased to announce that on March 13, 2014, the Board of Directors elected Jason E. Strauss as a director. Mr. Strauss also has been appointed to serve on the Nominating Committee of the Board of Directors. Shing Tao, Chairman and Chief Executive Officer of Remark Media, said, "Jason Strauss is a successful entrepreneur who brings strategic vision and marketing expertise in the most sought after 18-34 year old demographic.  The perspective he brings to Remark Media and the Board will dramatically help us to increase the value of our existing and future assets."

Mr. Strauss is a founding partner of the Tao Group, a global hospitality and lifestyle company offering consumers a premium nightlife experience with their various events and venues.  The company's most notable brands include: Marquee Nightclub & Dayclub (Cosmopolitan Resort Las Vegas and Star Casino & Hotel Sydney Australia), TAO (Venetian Casino and Resort Las Vegas), LAVO Restaurant & Nightclub (Palazzo Casino and Resort Las Vegas and NYC), TAO and TAO Downtown (NYC), and Avenue (NYC).

In 2001, Mr. Strauss partnered with Noah Tepperberg to form Strategic Marketing Group (SMG), a lifestyle marketing, special events, consumer promotions, and public relations company.  SMG creates unique brand experiences for consumers in the lifestyle, entertainment, fashion, and nightlife verticals.

In 2006, Mr. Strauss and Mr. Tepperberg were awarded the Nightclub & Bar's "Hospitality Operator of the Year" award for their work with Marquee and Tao. They were subsequently profiled in 2009 in a Harvard Business School case study entitled "Marquee - The Business of Nightlife." Their success also led to them being selected by In The Mix as two of the 50 Most Powerful People in Electronic Dance Music in 2013.

Mr. Strauss graduated from Boston University with a BS in Hospitality Management and Public Relations. He serves as Co-Chair of the Board of the Marty Hennessey Jr. Tennis Foundation, which raises money for USTA-Nevada programs and scholarships. 

About Remark Media

Remark Media, Inc. (NASDAQ: MARK) is a global digital media company focusing on delivering original content to the 18-to-34 year old demographic primarily in Asia and the United States through its assets focused on consumer verticals, including: Bikini.com, Banks.com, US Tax Center at IRS.com, FileLater, TaxExtension.com, MyStockFund, BoWenWang and ComoTudoFunciona. The Company is headquartered in Las Vegas, with operations in Beijing, China and Sao Paulo, Brazil.

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: our losses and need to raise capital; successfully developing and launching the Boxing Channel; reliance on third parties such as PPTV; ability to procure content and monetize audiences; 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:

Remark Media, Inc.
Investor Relations
(702) 701-9517
ir@remarkmedia.com

SOURCE Remark Media, Inc.

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