HSW International Announces Corporate Name Change to Remark Media
11 Outubro 2011 - 9:00AM
HSW International, Inc. (Nasdaq:HSWI), a global digital media
company, today announced that the company 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.
Remark Media is a leader in next-generation digital platforms
that combine high-quality content with relevant social media. Spun
out from Discovery Communications' HowStuffWorks in 2007, Remark
Media owns and operates the international versions of HowStuffWorks
in China and Brazil – the world's largest emerging digital
economies. The company is a founding partner of Sharecare, a highly
searchable social Q&A healthcare platform organizing and
answering the questions of health. Remark Media provided the
technology development services to help create a digital platform
combining traditional web publishing with social media.
Now, Remark Media is leveraging its experience and expertise to
create leading destination websites that offer a dynamic online
experience around a given topic with access to relevant content and
subject matter experts. The company will launch its first website
in the personal finance category. Personal finance represents a
significant source of interest for consumers and is an area where
they actively seek out and benefit from informational content and
advice from financial experts.
The name Remark Media reflects the company's continued
dedication to rich content, its commitment to deep social media
engagement, and its core belief that uniting remarkable content and
remarkable people leads to value-added exchanges of information and
enriched connections with others. Since its founding in 2006, the
company has strived to provide credible, trusted, high-quality
content. In addition to developing an international team of
journalists and editors, the Company has entered into content
partnerships with leading publishers such as Discovery
Communications and World Book Encyclopedia. Now, Remark Media will
also create digital gathering places for those seeking to learn,
connect and discuss a given topic.
The management of Remark Media consists of executives with
significant experience and success in digital media. Chairman
and Chief Executive Officer Gregory Swayne has been a pioneer in
building leading digital content and internet platforms since the
early 1990's, when he co-founded A.D.A.M., a digital medical
content provider that was listed on NASDAQ. Mr. Swayne and
other members of management have served as executives at
HowStuffWorks, a digital content publisher which was sold to
Discovery Communications in 2007 for in excess of $250 million;
Web.com, a leading provider of online marketing and media services;
and NBC Universal.
Until the Company's new name, Remark Media, is approved at the
Annual Meeting of Stockholders, the Company will continue doing
business as HSW International.
About HSW International
HSW International, Inc. (Nasdaq:HSWI) is a global digital media
company focused on developing social media businesses that
incorporate relevant, high quality content. The Company's
leading brands BoWenWang (bowenwang.com.cn) and ComoTudoFunciona
(hsw.com.br) provide readers in China and Brazil with thousands of
articles about how the world around them works, serving as
destinations for credible, easy-to-understand reference
information. HSW International is the exclusive digital publisher
in China and Brazil for translated content from HowStuffWorks.com,
a subsidiary of Discovery Communications, and in China for certain
content from World Book. HSW International is also a founding
partner and developer of the U.S.-based product Sharecare, a highly
searchable social Q&A healthcare platform organizing and
answering the questions of health. The Company is headquartered in
Atlanta with additional operations in New York, Beijing and Sao
Paulo.
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 HSW International. Relevant risks and
uncertainties include those referenced in HSW International's
filings with the SEC, and include but are not limited to: our
losses and potential need to raise capital; successfully developing
and launching the Sharecare platform; reliance on third parties
such as Sharecare and its other founders and contributors;
restrictions on intellectual property under agreements with
Sharecare and 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. HSW International 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: Stephanie Prince/Jody Burfening
Lippert/Heilshorn & Associates
T: 212-838-3777
sprince@lhai.com
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