Remark Media Inc (MARK)

[powerbattles]

Remark Holdings Comments on 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

https://www.biospace.com/article/releases/remark-holdings-comments-on-investment-in-sharecare-led-by-quest-diagnostics/










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. ---- (

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