LAS VEGAS, July 15, 2019 /PRNewswire/ -- Remark
Holdings, Inc. (NASDAQ: MARK), a diversified global technology
company with leading artificial intelligence (AI) solutions and
digital media properties, today commented on the recently announced
strategic investment in Sharecare led by Quest Diagnostics.
"We are proud to have been a founding technology partner of
Sharecare, supporting Jeff Arnold,
Dr. Oz and the team they have assembled in building Sharecare,
whose recent round of financing from a key strategic partner
further demonstrates the value that has been created," said
Kai-Shing Tao, Chairman and Chief
Executive Officer of Remark Holdings. "Similarly, over the
past few years, we have been steadily building our Artificial
Intelligence Business via Remark AI and KanKan AI. The potential
monetization of our Sharecare holdings allows us the flexibility to
accelerate the development and deployment of our Artificial
Intelligence (AI) Technology world-wide, while also strengthening
our capital structure through debt elimination, realizing the value
we are creating as we continue to monetize and commercialize the
proprietary Business Analytics, Demand Analytics and Facial
Recognition technology we have developed to service the Retail,
Workplace Safety, and Smart City Markets."
With the addition of Quest Diagnostics as a strategic partner
and investor joining healthcare leaders such as HCA, Trinity
Health, The Heritage Healthcare Innovation Fund and Care First;
Discovery Communications, Harpo Productions, and Sony Pictures
Televisions, Sharecare has now raised in excess of $400 million of total capital and is becoming one
of the most watched digital health companies having been
highlighted by digital healthcare venture capital fund Rock
Health's 12- Month Anticipated IPO Watch List
(https://www.businessinsider.com/10-digital-health-startups-poised-to-ipo-zocdoc-23andme-heartflow-2019-7)
and having moved up from 242 to 212 out of 500 fast growing
companies on Deloitte Technology's Fast 500 List in 2018.
As a founding technology partner and investor, Remark Holdings
congratulates Jeff Arnold,
Dawn Whaley, and the Sharecare
management team for their execution and success in achieving 2018
Revenue in excess of $300 Million and
a Target goal of $1 Billion of
Revenue by 2020. ----
(https://www.youtube.com/watch?v=HomI4vfisRE).
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
"may," "should," "could," "would," "predicts," "potential,"
"continue," "expects," "anticipates," "future," "intends," "plans,"
"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:
E. Brian
Harvey
Remark Holdings, Inc.
ebharvey@remarkholdings.com
702-701-9514
Media Contact:
Brad
Edwards
The Plunkett Group, Inc.
Brad@ThePlunkettGroup.com
914-582-4187
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SOURCE Remark Holdings, Inc.