CUR Media Inc. (fka CURM)

[kimzerfantastik]

01/29/14...Music Streaming Company Led by Recording Industry Leaders Goes Public, Raises $4.075M,
http://ih.advfn.com/p.php?pid=nmona&article=60843308&xref

Raditaz, LLC Announced Today It Completed an Alternative Public Offering to Become a Wholly Owned Subsidiary of Duane Street Corp. and Completed Simultaneous $4.075M Private Placement Offering.

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GLASTONBURY, CT--(Marketwired - Jan 29, 2014) - Duane Street Corp. ("Duane Street" or the "Company") (OTCBB: DUSR), a Delaware corporation, announced today that it completed an acquisition on January 28, 2014, of Raditaz, LLC, a Connecticut limited liability company. The Company is commencing the process of changing its name to CÜR Media, Inc. and effectuating a forward stock split of approximately 16.5 for 1.

The Company is developing CÜR Music (www.curmusic.com), a hybrid music streaming service for mobile devices and the web that blends the best of internet radio services like Pandora with on-demand services like Spotify. The Company plans to launch its web and mobile applications in Q4 of 2014.

The Company is based in Connecticut, and is led by digital media entrepreneur Tom Brophy and entertainment and music industry veterans John A. Lack (creator of MTV, Nickelodeon, ESPN2 and The Movie Channel) and Bob Jamieson (former Chairman/CEO of RCA Records). The Board of Directors consists of Mr. Brophy, Mr. Lack as Chairman and Mr. Jamieson as Vice Chairman.

The Company began testing its service in early 2012 as "Raditaz", a DMCA compliant internet radio product developed for both the iPhone and Android platforms. During beta, Raditaz had over 150,000 monthly unique users. The Company has taken Raditaz offline as it enhances the platform and product offerings for the transition to CÜR Music and its launch later this year.
[www.raditaz.com]

Immediately prior to the closing of the merger, Duane Street completed a closing of the sale of 246,913 units in a private offering to accredited investors, at a price of $16.50 per unit, resulting in gross proceeds to Duane Street of $4,075,000 (before deducting commissions and expenses of the offering). Each unit consists of one share of the Company's common stock and one five year warrant to purchase one share of common stock at an exercise price of $33.00 per share all of which shall be subject to the proposed stock split. Gottbetter Capital Markets, LLC, was the exclusive placement agent for the private placement offering and EDI Financial, Inc. was a sub-agent. Intuitive Venture Partners, LLC, was the exclusive financial advisor to Raditaz, LLC.

The Company's Chief Executive Officer, Tom Brophy, said, "The overwhelming positive response from our investors in this private placement is a strong endorsement of our products potential, and recognizes the need for a streaming music product that meets the needs of today's music listeners. We expect the capital raised from this financing will help complete the development of CÜR music streaming service with a targeted launch of Q4 2014." The Company intends to use the net proceeds of the offering, principally for development of the Company's mobile applications and website, as well as general and administrative expenses.

In addition, the Company's Board of Directors adopted, and its stockholders have approved, a 2014 Equity Incentive Plan, which provides for the issuance of incentive awards of up to 242,367 shares of the Company's common stock to officers, key employees, consultants and directors also subject to the proposed stock split.

In accordance with "reverse merger" accounting treatment, the Company's historical financial statements as of period ends, and for periods ended, prior to the merger will be replaced with the historical financial statements of Raditaz, LLC prior to the merger in all future filings with the Securities and Exchange Commission.

The securities sold in the private placement have not been registered under the Securities Act of 1933 and may not be resold absent registration under, or exemption from registration under, such Act.

For more information, please visit www.curmusic.com.

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About Duane Street

Duane Street is developing CÜR Music, a hybrid music streaming service, for mobile devices and the web that intersects internet radio services like Pandora and on-demand services like Spotify. The Company is planning to launch its web and mobile applications in the 4th quarter of this year.

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Mike Barash
Founder & CEO
Knock Twice
m: 650.520.0120
e: [e-mail]