LAS VEGAS, Aug. 27, 2018 /PRNewswire/ -- Remark
Holdings, Inc. (NASDAQ: MARK), a diversified global technology
company with leading artificial intelligence (AI) solutions and
digital media properties, including Vegas.com, today announced that
KanKan AI placed third in the Electronic Information category at
the 7th Annual China Innovation and Entrepreneurship
Competition in the Sichuan region.
KanKan's top-three ranking has earned the company a spot at
the national finals competition that is set to take place in the
fourth quarter of 2018. The China Innovation and
Entrepreneurship Competition is the largest, highest-profile and
most influential entrepreneurship competition in China with over 30,000 total participants and
only 200 participants advancing to the national finals. The
competition is jointly sponsored by the Ministry of Science and
Technology, the Ministry of Finance, the Ministry of Education, the
National Network Information Office, and the National Federation of
Industry and Commerce.
KanKan was awarded a top-ranking by judges who were convinced by
the company's technological demonstrations, strong business model,
and use cases that are applicable across multiple industries
including finance, retail, entertainment, education, and workplace
& public safety.
"We're proud of our third-place finish at the China Innovation
and Entrepreneurship Competition in Sichuan, and that our KanKan AI technology is
being recognized as a leading AI solution in China," said Kai-Shing Tao, Chairman and
Chief Executive Officer of Remark Holdings. "This award
is an important recognition of the innovations we are bringing to
market and affirms the work we are doing to apply AI solutions
across multiple industries. I would like to thank our
hardworking team for this accomplishment, and we look forward to
representing the Sichuan region at
the national finals competition later this year."
About Remark Holdings, Inc.
Remark Holdings, Inc.
(NASDAQ: MARK) delivers an integrated suite of AI solutions that
enable businesses and organizations to solve problems, reduce risk
and deliver positive outcomes. The company's easy-to-install
AI products are being rolled out in a wide range of applications
within the retail, financial, public safety and workplace
arenas. The company also owns and operates digital media
properties that deliver relevant, dynamic content and ecommerce
solutions. The company is headquartered in Las Vegas, Nevada, with additional operations
in Los Angeles, California and in
Beijing, Shanghai, Chengdu and Hangzhou, China. For more information, please
visit the company's website at www.remarkholdings.com.
Forward-Looking Statements
This press release may
contain forward-looking statements, including information relating
to future events, future financial performance, strategies,
expectations, competitive environment and regulation. Words such as
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"believes," "estimates," and similar expressions, as well as
statements in future tense, identify forward-looking statements.
These statements involve known and unknown risks, uncertainties and
other factors, including those discussed in Part I, Item 1A. Risk
Factors in Remark Holdings' Annual Report on Form 10-K and Remark
Holdings' other filings with the SEC. Any forward-looking
statements reflect Remark Holdings' current views with respect to
future events, are based on assumptions and are subject to risks
and uncertainties. Given such uncertainties, you should not place
undue reliance on any forward-looking statements, which represent
Remark Holdings' estimates and assumptions only as of the date
hereof. Except as required by law, Remark Holdings undertakes no
obligation to update or revise publicly any forward-looking
statements after the date hereof, whether as a result of new
information, future events or otherwise.
Company Contact:
Kai-Shing
Tao
Remark Holdings, Inc.
stao@remarkholdings.com
702-701-9514
Investor Relations Contact:
Colton Krueger
The Plunkett Group, Inc.
Colton@ThePlunkettGroup.com
210-602-4078
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SOURCE Remark Holdings, Inc.