LAS VEGAS, Dec. 13, 2021 /PRNewswire/ -- Remark
Holdings, Inc. (NASDAQ: MARK), a diversified global technology
company with leading artificial intelligence ("AI") solutions and
digital media properties, today announced a deal to partner with
isMedia to launch a non-fungible token ("NFT") platform, with an
initial drop anchored by the intellectual property collection of
its Bikini.com subsidiary.
NFT platform that works in conjunction with Remark AI's
technology
Expected to launch in early 2022, the first phase of the
carefully-curated NFT platform will feature collectible NFTs from
Bikini.com's influencers. Future offerings will include drops from
actors, entertainers, musicians, global celebrities and
collaborations with video and digital artists.
"isMedia has built a comprehensive, user-friendly mobile NFT
platform that works in conjunction with Remark AI's technology
to allow for rapid, iterative, realistic designs with greater
adaptability and realism," noted Kai-Shing
Tao, Chairman and Chief Executive Officer of Remark
Holdings. "Remark's NFT platform is designed to host unique content
created by iconic figures and entertainers who have made history
with the characters and intellectual property they have created, as
well as to leverage the brand equity and comprehensive designs
carried by Bikini.com."
"We are excited to work with Remark Holdings to leverage our
technological capabilities to monetize the intellectual properties
owned by Remark," says Ju Sung
Myung, CEO of isMedia. "Remark's history of leading
innovation in cutting-edge technology and investment in the NFT
space is focused on gathering the best, most unique content as well
as delivering an easy to use platform interface for all
customers."
Additional information can be obtained by contacting the company
at: info@remarkholdings.com.
About isMedia
isMedia is a software and hardware technology company publicly
traded on the KOSDAQ exchange in Korea. The company has blue-chip
clients such as Apple, Facebook, Samsung, and Microsoft, providing
its leading edge self-developed technology to help its clients
innovate in the virtual world, integrating its hardware and
software solutions. Leveraging its expertise and relationships in
K-pop and other forms of Korean media, the company is poised to
expand internationally into the United
States and global markets.
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, Director of
Capital Markets and Investor Relations
Remark Holdings, Inc.
ebharvey@remarkholdings.com
702-701-9514
Fay Tian
Vice President of Investor Relations
F.Tian@remarkholdings.com
(+1) 626.623.2000
(+86) 13702108000
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SOURCE Remark Holdings, Inc.