GLASTONBURY, Connecticut, November 4, 2015 /PRNewswire/ --
CÜR Media, Inc. (OTCQB: CURM) (OTCBB: CURM) today announced that Jay Samit, CEO of SeaChange International, Inc., has been appointed to CÜR Media, Inc.'s Board of Directors. Samit is a dynamic entrepreneur widely respected as one of the world's leading experts on disruption and innovation.
Considered one of nation's most influential digital media innovators, Jay Samit has pioneered advancements in music and video distribution, social media, and e-commerce. He is also the author of the bestselling book "Disrupt You! Master Personal Transformation, Seize Opportunity, and Thrive in the Era of Endless Innovation," which offers clear, concise and empowering information to disrupt your current situation and catapult you to the next level.
Samit is the current CEO of SeaChange International, Inc. (NASDAQ: SEAC), a leading global innovator in multi-screen video software and services. Prior to joining SeaChange International in 2014, Samit was President at ooVoo, a social video chat service with more than 100 million users, and served as CEO of SocialVibe, a digital advertising technology company powering engagement for some of the world's top brands. Before that, Samit held senior executive roles with Sony and EMI, where he spearheaded numerous digital media efforts, and at Universal Studios, where he developed the first million-member social network for college students. A serial entrepreneur, Samit helped to innovate some of the first video technology with Intel and Microsoft, as well as launch the first multi-party video communications platform on mobile. An active philanthropist, Samit was appointed to the White House's initiative for education and technology by President Bill Clinton and Vice President Al Gore, where he helped gain Internet access for the nation's schools. Samit is an adjunct professor at University of Southern California's Viterbi School of Engineering and teaches a course in building high-tech startups.
"This is an exciting time to join CÜR's Board of Directors," said Jay Samit. "Following the planned launch of CÜR Music, I believe the company will be poised for rapid growth as a social music experience and has the potential to disrupt the entire music industry. I look forward to working with the CÜR team to provide the kind of service fans have clamored for."
"We're excited to partner with Jay and have him join our board of directors," said Tom Brophy, Founder and CEO of CÜR Media, Inc. "Jay brings a wealth of experience and is a real innovator in the digital space. I am eager to get Jay's input and I'm confident he will make significant contributions to the team."
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