Key Developments: Remark Media Inc (MARK.PH)
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7 Mar 2012
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$5.64
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Latest Key Developments (Source: Significant Developments)
Remark Media Inc Announces Appointment Of CEO-Form 8-K
Remark Media Inc reported in its Form 8-K that on December 14, 2012, the Company’s Board of Directors accepted the voluntary resignation of Carrie Ferman, Co-CEO of the Company, effective December 31, 2012. On the same date, the Board of Directors elected Kai-Shing Tao, Chairman and Co-CEO of the Company, as Chief Executive Officer (CEO) effective December 31, 2012. Mr. Tao will also continue as Chairman of the Company. Full Article
Remark Media Inc Announces $1.8 Million Convertible Debt Financing
Remark Media Inc announced that it has received $1.8 million in convertible debt financing from Digipac, LLC, a lender controlled by and in part owned by Remark Media's Chairman and Co-Chief Executive Officer, Kai-Shing Tao. Digipac, which was established to provide capital for Remark Media, consists of a global group of media and technology investors. The proceeds will be used to finance the Company's operations, monetize its assets, and fund internal growth as it seeks future acquisitions in the global digital media space. Full Article
Remark Media Inc Announces Strategic Partnership with TheStreet
Remark Media Inc announced the formation of a strategic partnership with TheStreet Inc to expand growth of its personal finance websites. Under the agreement, TheStreet will leverage in sales, marketing and editorial as well as to support Remark Media's strategic objectives and help drive consumer awareness and new revenue growth. Remark Media will continue to expand the sites' product offerings and features to provide an interactive and engaging experience for consumers. Full Article
Remark Media Inc Announces Dimespring.com Content Partnership
Remark Media, Inc. announces a new Knowledge Partnership with a financial planning organization, The Garrett Planning Network. The partnership marks the latest move in Remark Media's mission to provide a diverse community of financial experts for its users to access on DimeSpring.com. Full Article
Remark Media Inc Completes Acquisition Of Banks.com, Inc.
Remark Media Inc announced that it has completed its acquisition of Banks.com, Inc., a financial media company that owns and operates Banks.com, IRS.com, FileLater.com and MyStockFund.com. With this acquisition, Remark Media will expand its online personal finance ecosystem that will serve as the go-to destination for users seeking actionable financial advice. The hub of this ecosystem is DimeSpring.com in beta which offers original content and an interactive platform for consumers to share experiences and interact with the financial experts. Terms of the transaction were not disclosed. Full Article
HSW International, Inc. Announces Corporate Name Change To Remark Media, Inc.
HSW International, Inc. announced that it will change its corporate name to Remark Media, pending shareholder approval. A vote to amend the corporation's charter to change the corporate entity name to Remark Media, Inc. will be conducted at the Annual Meeting of Stockholders to be held in December. Full Article
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