CÜR Media Completes $1.75 Million Financing, Led by Members of Management and its Board of Directors

CÜR Media Completes $1.75 Million Financing, Led by Members of Management and its Board of Directors

GLASTONBURY, Connecticut, December 8, 2015 /PRNewswire/ --



#CURMUSIC 



CUER Media, Inc. (OTCQB: CURM) (OTCBB: CURM) today announced the completion of a $1.75
million financing led by members of the company's management and board of directors,
including Tom Brophy, Founder & CEO, and recently appointed director, Sanjan ("Sunny")
Dhody. Key music industry professionals participating in the financing were Hector "Tico"
Torres, drummer for the rock band Bon Jovi, and Robert Fernandez, President of Mr. 305,
Inc., the independent record label founded by Pitbull.  



The offered securities consisted of units of convertible unsecured promissory notes
bearing 12% interest ("the Notes") and warrants to purchase common stock (the "Warrants").
The Notes are mandatorily convertible into the company's common stock at the lesser of
$0.50 per share, or a 15% discount to the price of the next equity financing by the
company of at least $2.5 million. A full description of the offering can be found in the
Company's Form 8-K filed with the SEC on December 1, 2015, as well as other filings the
company made with the SEC.  The Company intends to use the net proceeds from the offering
for working capital and general corporate purposes as it gears up for the anticipated
launch of CUER 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.



"We are pleased to have completed this financing which helps to enable our company to
take the next step in its corporate evolution," said Tom Brophy, Founder & CEO of CUER
Media, Inc. "This infusion of capital was vital in our effort to move forward to complete
our near term and achieve an up-listing to a national stock exchange as we head towards
the anticipated commercial launch of CUER Music. Our team has worked diligently to prepare
for the launch of what we expect to be an innovative and disruptive music experience, and
we look forward to attempting to build CUER Media into a leading force in the
multi-billion dollar music streaming industry."



ABOUT CUER MEDIA INC 



CUER Media, Inc. is creating CUER (pronounced 'cure'), a next generation social music
experience through the planned launch of CUER 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 launch, CUER Music will
unlock the truly expressive nature of an individual's connection with their music by
fostering personalization, sharing and creativity. With CUER 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



FORWARD-LOOKING STATEMENTS 



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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CONTACT:

 
CUER Media, Inc. 
Marcy Polanco

 
mpolanco@curmusic.com

 
Ascendant Partners, LLC 
Fred Sommer 
fred@ascendantpartnersllc.com 


 



CÜR Media, Inc


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