CÜR Media Completes $2 Million Financing, Led by Intuitive Venture Partners and Katalyst Securities

CÜR Media Completes $2 Million Financing, Led by Intuitive Venture Partners and Katalyst Securities

#CURMUSIC

GLASTONBURY, Connecticut, April 13, 2016 /PRNewswire/ --



CUER Media, Inc. (OTCQB: CURM) (OTCBB: CURM) today announced the completion of a $2
million financing (the "Offering") led by Intuitive Venture Partners and Katalyst
Securities.



The Company intends to use the net proceeds from the Offering to pay certain fees to
content providers including the three major record labels, in order to stream music from
their catalogs, for working capital and general corporate purposes.  The Offering is a
significant step forward in the Company's plans to officially launch CUER Music, a social,
mobile, and web streaming music service designed to enable users to go beyond the
limitations of traditional streaming services.  CUER Music's core product begins at $1.99
per month after a 14-day free trial.



"I'm pleased to have completed this financing and to move our company one step closer
toward the launch of CUER Music," said Tom Brophy, Founder & CEO of CUER Media, Inc.  "We
intend to work diligently to move our Company forward and deliver on the great potential
of CUER Music in the multi-billion dollar music streaming industry. I'm grateful for my
team who have worked diligently to prepare a terrific and competitive product for
consumers at a price-point of $1.99 per month that works for the masses."



The securities issued in this Offering consisted of the Company's 12% Senior Secured
Convertible Promissory Notes, which are convertible into units of the Company's securities,
each unit consisting of one share of the Company's common stock, and one warrant to
purchase an additional share of the Company's common stock.  These securities have not
been registered under the Securities Act of 1933, as amended ("Securities Act") or
applicable state securities laws and may not be offered or sold in the United States
absent registration or an applicable exemption from the registration requirements of the
Securities Act and applicable state laws.  A full description of the Offering can be found
in the Company's Form 8-K filed with the SEC on April 13, 2016.  This press release shall
not constitute an offer to sell or a solicitation of an offer to buy the units, common
stock, warrants or any other securities, and shall not constitute an offer, solicitation
or sale in any state or jurisdiction in which such an offer, solicitation or sale would be
unlawful. This press release is being issued pursuant to and in accordance with Rule 135c
under the Securities Act.



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 


 



CÜR Media, Inc


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