GLASTONBURY, Connecticut, September 29, 2015 /PRNewswire/ --
CÜR Media, Inc. ("CÜR Media" or the "Company") (OTCQB: CURM) (OTCBB: CURM) today announced that Sanjan ("Sunny") Dhody, Managing Director and Client Advisor at Deutsche Bank Alex. Brown Inc., has been appointed to the Company's Board of Directors.
Sanjan Dhody has been a Managing Director at Deutsche Bank since 2005. His team advises some of the wealthiest families in the USA, Europe and Latin America. He was ranked by Barron's as the number 1 advisor in Florida in 2013 and one of the top 15 advisors in the U.S. in 2014. Prior to joining Deutsche Bank, Mr. Dhody led a team at Lehman Brothers Private Client Group where he built a significant High Net Worth advisory practice complemented by a focus on equity, fixed income and structured solutions for sophisticated investors. Before joining Lehman Brothers in 1996, he worked at Citicorp Global Emerging Markets Group in London. Mr. Dhody received his MBA from Richmond College, London - UK and a BBA (hons) from St. Xaviers College, Calcutta University India. He has also served on the New York Committee of Human Rights Watch.
"I am excited to join CÜR Media's Board of Directors," said Sanjan Dhody. "I have a tremendous amount of respect for Tom Brophy and the results he has achieved. I look forward to working with CÜR Media as they prepare to launch the Company's next generation music streaming service to the public."
"We are pleased to welcome Sunny to our Board of Directors as we enter this important stage of our Company's evolution. He brings a wealth of capital markets experience that will be incredibly important to us as we move to uplist to a national exchange and roll out our exciting new music streaming experience," said Tom Brophy, Chairman and CEO of CÜR Media. "Sunny's unique expertise will be an invaluable asset for our company as we prepare to change the face of music streaming with the planned launch of CÜR Music this fall."
Mr. Dhody replaces John Lack as a member of the Board of Directors who has stepped down to pursue personal interests effective on September 25, 2015. CEO Tom Brophy will assume the role of Chairman of the Board formerly held by Mr. Lack.
Mr. Brophy added, "I want to personally thank John Lack for all of his help and guidance during the early stages of our Company's development. I am proud to have had him as a part of our organization, and wish him much future success. I look forward to now working together with Sunny and the other members of our team to move CÜR Media into the next phase of growth as we gear up for the launch of CÜR Music this fall."
ABOUT CÜR MEDIA INC
CÜR Media, Inc. is creating CÜR (pronounced 'cure'), a next generation social music experience, through the planned launch of CÜR Music, a social, mobile, and web streaming music application that is being designed to enable its users to go beyond the limitations of traditional music streaming services. Upon its anticipated Fall 2015 launch, CÜR Music will unlock the truly expressive nature of an individual's connection with their music by fostering personalization, sharing and creativity. With CÜR Music it's not just about streaming, it's about what the music means to you and how you want to express that to the world. For more information please visit http://www.curmusic.com
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements. Forward-looking statements may include, without limitation, statements regarding (i) the plans and objectives of management for future operations, including plans or objectives relating to the development of a commercially viable streaming music product, (ii) a projection of income (including income/loss), earnings (including earnings/loss) per share, capital expenditures, dividends, capital structure or other financial items, (iii) the Company's future financial performance, (iv) the Company's ability to negotiate economically feasible agreements with the major and independent music labels and publisher rights organizations, and (v) the assumptions underlying or relating to any statement described in points (i), (ii), (iii), (iv) and (v) above. Such forward-looking statements are not meant to predict or guarantee actual results, performance, events or circumstances and may not be realized because they are based upon the Company's current projections, plans, objectives, beliefs, expectations, estimates and assumptions and are subject to a number of risks and uncertainties and other influences, many of which the Company has no control over. Actual results and the timing of certain events and circumstances may differ materially from those described by the forward-looking statements as a result of these risks and uncertainties. Factors that may influence or contribute to the inaccuracy of the forward-looking statements or cause actual results to differ materially from expected or desired results may include, without limitation, the Company's inability to obtain adequate financing, the length of time associated with development of mobile applications and related insufficient cash flows and resulting illiquidity, the Company's inability to expand the Company's business, lack of product diversification, existing or increased competition, results of arbitration and litigation, stock volatility and illiquidity, and the Company's failure to implement the Company's business plans or strategies.
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SOURCE CÜR Media, Inc