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Thursday, February 26, 2015

Ground Breaking Patent Announcement for Voice Directed Payment Platform Coupled With a New Deal With Major Carriers Sets up Significant Changes in Smart Wallet Industry

CORAL SPRINGS, Florida, - (http://www.financialnewsmedia.com News Alert) - Biometric advancements lead to the latest convenience access for consumers jumping into the Smart Wallet market with ground breaking payment methods for mobile commerce sector from Tech leaders such as by NXT-ID, Inc. (NASDAQ: NXTD). And to compete with Apple Pay (NASDAQ: AAPL) Google (NASDAQ: GOOG) has struck deals to have Google Wallet pre-installed on Andriod phones with Verizon (NYSE:VZ), AT&T (NYSE:T).

NXT-ID, Inc. (NASDAQ: NXTD) and (NXTDW), a biometric authentication company focused on the growing mobile commerce market, announced today that it has filed provisional patent 62114357 for DISTRIBUTED VOICE DIRECTED PAYMENT METHOD AND SYSTEM. With this patent, NXT-ID introduces a new groundbreaking payment method. Payment accounts may be selected via voice recognition and the payment account may only be accessed if both the speech (the word associated with the payment account) and the speaker (a biometric) are both recognized. Once recognized, payment is directed to an appropriate interface, such as Magnetic Stripe Emulation (MSE), Near Field Communication (NFC), or other interface to perform the payment with the selected account. The patent also introduces the concept of "voice cards", which are alias names given by a user to describe specific private information such as credit and debit cards, further enhancing security as well as convenience. Read the full NXTD press release at http://www.financialnewsmedia.com/profiles/nxtd.html

"We are very excited to offer this new convenient and secure method to make payments", says David Tunnell, Chief Technology Officer of NXT-ID. "We've all been there - Waiting in line as we fumble through our wallets to fine the right card or information. With this invention, we not only secure your data by recognizing you are who you say you are from your voice, but we also provide an extremely convenient way for you to select how you wish to pay."

Like most of NXT-ID's patents, this technology works with current Point-of-Sale (POS) technologies such as NFC and Magnetic Stripe, but also can enhance the existing POS with added security as well as provide a path for more convenient and more secure future payment technologies.

NXT-ID's New Voice Activation announcement received major news coverage this week as more learned of the latest Patent developments.

- Patent filed for voice-directed payment system
http://www.ctpost.com/news/article/Patent-filed-for-voice-directed-payment-system-6100072.php

- Credit Card Voice Activation Coming Soon Thanks To Smart Wallet Maker http://www.idigitaltimes.com/credit-card-voice-activation-coming-soon-thanks-smart-wallet-maker-417205

- Mobile Pay Tech Lets Users Say To Pay http://www.pymnts.com/news/2015/mobile-pay-tech-lets-users-say-to-pay/#.VOyX-9hMvcs

- New smart wallet requires a biometric signature to make payments http://uk.blastingnews.com/tech/2015/01/new-smart-wallet-requires-a-biometric-signature-to-make-payments-00230253.html

In other Smart Wallet news and developments: As mentioned earlier, Google (NASDAQ: GOOG) has struck deals with Verizon (NYSE:VZ), AT&T (NYSE:T), and T-Mobile (NYSE:TMUS) to have the Google Wallet payments app pre-installed on Android phones sold by the carriers, starting later this year. The Web giant is also "acquiring some exciting technology and intellectual property" from the carriers' Softcard payments JV, which never fully got off the ground. TechCrunch reported of Google's interest in Softcard last month. Thus far, Wallet's adoption has been hurt by limited support from carriers - Sprint was the only major U.S. backer - and retailers, as well as consumer reluctance to embrace NFC-based payments. However, the launch of (NFC-based) Apple Pay, along with the broader rollout of NFC-capable terminals and chip-and-PIN payment systems (they make card swipes a little less convenient) is altering the landscape

The deal comes a few days after top Android OEM Samsung big announcement of a creator of a mobile payments solution that works with standard card-swipe terminals. - Mobile payments plays include NFC reader maker On Track Innovations (NASDAQ: OTIV) and payment-processing/telemetry services provider USA Technologies (NASDAQ: USAT). Read this full article athttp://seekingalpha.com/news/2317516-google-strikes-mobile-payments-deals-with-u-s-carriers

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Contact Information: Company: FN Media Group, LLC Contact email: editor@financialnewsmedia.com U.S. Phone: +1(954)345-0611 URL: http://www.financialnewsmedia.com

SOURCE FN Media Group, LLC

FN Media Group LLC (FNMG) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNMG is NOT affiliated in any manner with any company mentioned herein. FNMG and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNMG is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNMG has been compensated one thousand four hundred dollars for news coverage of the current press release issued by NXT-ID, Inc. by the company. FNMG HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.

Monday, February 23, 2015

NXT-ID Patents Voice Directed Payments

OXFORD, Conn., - (http://www.financialnewsmedia.com News Alert) - NXT-ID, Inc. (NASDAQ:NXTD and NXTDW) ("NXT-ID" or the "Company"), a biometric authentication company focused on the growing mobile commerce market, announced today that it has filed provisional patent 62114357 for
DISTRIBUTED VOICE DIRECTED PAYMENT METHOD AND SYSTEM.

With this patent, NXT-ID introduces a new groundbreaking payment method. Payment accounts may be selected via voice recognition and the payment account may only be accessed if both the speech (the word associated with the payment account) and the speaker (a biometric) are both recognized. Once recognized, payment is directed to an appropriate interface, such as Magnetic Stripe Emulation (MSE), Near Field Communication (NFC), or other interface to perform the payment with the selected account. The patent also introduces the concept of "voice cards", which are alias names given by a user to describe specific private information such as credit and debit cards, further enhancing security as well as convenience.

"We are very excited to offer this new convenient and secure method to make payments", says David Tunnell, Chief Technology Officer of NXT-ID. "We've all been there - Waiting in line as we fumble through our wallets to fine the right card or information. With this invention, we not only secure your data by recognizing you are who you say you are from your voice, but we also provide an extremely convenient way for you to select how you wish to pay."

Like most of NXT-ID's patents, this technology works with current Point-of-Sale (POS) technologies such as NFC and Magnetic Stripe, but also can enhance the existing POS with added security as well as provide a path for more convenient and more secure future payment technologies.

"Convenience to access your private data is just as important as securing your private data", adds David. "With this invention, you may simply ask for a specific payment account and the account is programmed to an appropriate emulator that emulates the account selected. To make it even more convenient, the voice may be recognized and emulated on the same device, such as a cell phone or our Wocket smart wallet, or recognized on one device and directed to another device such as a watch or a reprogrammable smart card like our WocketCard to then make the payment. In addition, the ability to name your account further protects your information since no one knows which card you are choosing. For instance, no private information is revealed if you say "grocery card" or "gas card number 3". You know the account you are choosing, but no one else does."

About NXT- ID Inc. - Mobile Security for a Mobile World: (NXTD) (NXTDW):

NXT-ID, Inc.'s innovative MobileBio solution mitigates consumer risks associated with mobile computing, m-commerce and smart OS-enabled devices. The company is focused on the growing m-commerce market, launching its innovative MobileBio suite of biometric solutions that secure consumers' mobile platforms led by Wocket(TM); a next generation smart wallet designed to replace all the cards in your wallet, no smart phone required. Wocket was recognized as one of the top technology products at CES 2015 by multiple media outlets including Wired.com. The Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval. http://www.wocketwallet.com/

NXT-ID' wholly owned subsidiary, 3D-ID LLC, is engaged in biometric identification and has 22 licensed patents in the field of 3D facial recognition http://www.nxt-id.com/, http://3d-id.net/

Forward-Looking Statements for NXT-ID: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management's current expectations, as of the date of this press release, and involve certain risks and uncertainties. Forward-looking statements include statements herein with respect to the successful execution of the Company's business strategy. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors. Such risks and uncertainties include, among other things, our ability to establish and maintain the proprietary nature of our technology through the patent process, as well as our ability to possibly license from others patents and patent applications necessary to develop products; the availability of financing; the Company's ability to implement its long range business plan for various applications of its technology; the Company's ability to enter into agreements with any necessary marketing and/or distribution partners; the impact of competition, the obtaining and maintenance of any necessary regulatory clearances applicable to applications of the Company's technology; and management of growth and other risks and uncertainties that may be detailed from time to time in the Company's reports filed with the Securities and Exchange Commission.

NXT- ID Inc Contact:

Corporate info: info@nxt-id.com

Investors:investors@nxt-id.com

Media: D. Van Zant +1-800-665-0411press@nxt-id.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/nxt-id-patents-voice-directed-payments-300039521.html

SOURCE NXT-ID, Inc.

FN Media Group LLC (FNMG) owns and operates FinancialNewsMedia.com (FNM) which is a third party publisher that disseminates electronic information through multiple online media channels. FNMG's intended purposes are to deliver market updates and news alerts issued from private and publicly trading companies as well as providing coverage and increased awareness for companies that issue press to the public via online newswires. FNMG and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. The companies that are discussed in this release may or may not have approved the statements made in this release. Information in this release is derived from a variety of sources that may or may not include the referenced company's publicly disseminated information. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. While this information is believed to be reliable, such reliability cannot be guaranteed. FNMG disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. This release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies discussed in this release is highly speculative and carries a high degree of risk. FNMG is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. This release is not without bias, and is considered a conflict of interest if compensation has been received by FNMG for its dissemination. To comply with Section 17(b) of the Securities Act of 1933, FNMG shall always disclose any compensation it has received, or expects to receive in the future, for the dissemination of the information found herein on behalf of one or more of the companies mentioned in this release.

 This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.

Thursday, February 12, 2015

Letter to Shareholders Updating on Business and Technology Developments at Neah Power Systems

BOTHELL, Wash., - (http://www.financialnewsmedia.com News Alert) - Neah Power Systems, Inc. (OTCBB: NPWZ) (OTCQB: NPWZ) an emerging leader in fuel cell-based power generation and lithium ion-based storage solutions for the unmanned aerial vehicles (defense and commercial), military, transportation and portable electronics industries, provides the following letter to shareholder from Chris D'Couto, President & CEO of Neah Power Systems:

We continue to be very enthused about our accomplishments, the opportunities ahead of us and the difference we can make in people's lives through our patented and disruptive technologies. These technologies have the potential to transform the fuel cell market, and the costs associated with electric power for a variety of industries from defense to automotive and even distributed power generation. We are continuing to seize new opportunities to increase shareholder value by growing revenue, while carefully managing expenses. For our fiscal Q1-2015 we generated revenue around the shipments to the DRDO (Government of India). We believe this was an important milestone and further validation of our technology. Overall, these are very exciting times for Neah, as we are now moving rapidly from a development stage company to full commercialization across our product lines. As such, I would like to draw your attention to some very exciting developments below including the recent Shorai acquisition, the Buzzbar Suite, the Formira Hydrogen on DemandTM (HOD) system and the PowerChip technology.

The Shorai acquisition

We announced the signing of a definitive agreement to merge with Shorai, Inc., in January 2015. Shorai is a leading provider of lithium ion-based power sports and starter battery solutions for the consumer motorsport industry. Neah Power has until February 28, 2015 to make the $1,000,000 cash payment and close the merger transaction. This merger is expected to be immediately accretive with Shorai reporting over $4.0 million (unaudited) revenue for the twelve months ended December 2014 and the company was cash flow positive for the fourth quarter of 2014. This allows us to realize product, marketing and operational synergies in the near future.

PowerChip Product

We recently announced the successful completion of testing of three PowerChip units with the Defense Research and Development Organization (DRDO) of the Government of India. These units were manufactured and shipped against an issued open purchase order. Product testing, qualification and acceptance were completed by December 2014. This was a key accomplishment in the history of the Company, and we have proceeded to discussions related to completing the licensing agreement.

BuzzBar Suite Gen 2

We have shipped most of the orders that we received through the website and our Indiegogo campaign. We also presented the product to various big box retailers and end users, and have aggregated the feedback from them into BuzzBar Gen 3. We will reveal details later, but BuzzBar Gen 3 features some exciting innovations! We expect the first run of these units to be available in April 2015.

Formira Hydrogen on Demand

Our Formira HODTM continues to demonstrate best in class performance and we are in discussions with leading unmanned aerial systems (UAS), automotive, off-grid power, and medical device companies. The Formira HOD is a safe, energy dense solution for production of hydrogen for a variety of applications and surpasses other sources of energy like compressed hydrogen, the most commonly used method of utilizing hydrogen to generate energy. We continue to progress with the integration of the fuel cell in the UAS (Drone) as previously discussed.

Thank you for your continued support and we look forward to exciting times ahead of us. Our success is due to our employees, our supportive shareholders, our Board of Directors and our Strategic Advisory Board. We have a number of exciting commercialization opportunities on the horizon and I look forward to your continued support. Our team is hard at work doing a phenomenal job for you, our shareholders, and our customers.

Best Regards,

Chris D'CoutoPresident & CEONeah Power Systems

Forward Looking Statements

Certain of the statements contained herein may be, within the meaning of the federal securities laws, "forward-looking statements," which are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, and the Company does not undertake any responsibility to update any of these statements in the future. Please read Neah Power System's Form 10-K for the fiscal year ended September 30, 2014 and its Quarterly Reports on Form 10-Q filed with the SEC during fiscal 2014 for a discussion of such risks, uncertainties and other factors.

For more information please contact Crescendo Communications LLCPhone: +1 (212) 671-1020 x303Email: npwz@crescendo-ir.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/letter-to-shareholders-updating-on-business-and-technology-developments-at-neah-power-systems-300035120.html

SOURCE Neah Power Systems, Inc.

FN Media Group LLC (FNMG) owns and operates FinancialNewsMedia.com (FNM) which is a third party publisher that disseminates electronic information through multiple online media channels. FNMG's intended purposes are to deliver market updates and news alerts issued from private and publicly trading companies as well as providing coverage and increased awareness for companies that issue press to the public via online newswires. FNMG and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. The companies that are discussed in this release may or may not have approved the statements made in this release. Information in this release is derived from a variety of sources that may or may not include the referenced company's publicly disseminated information. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. While this information is believed to be reliable, such reliability cannot be guaranteed. FNMG disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. This release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies discussed in this release is highly speculative and carries a high degree of risk. FNMG is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. This release is not without bias, and is considered a conflict of interest if compensation has been received by FNMG for its dissemination. To comply with Section 17(b) of the Securities Act of 1933, FNMG shall always disclose any compensation it has received, or expects to receive in the future, for the dissemination of the information found herein on behalf of one or more of the companies mentioned in this release. For current services performed FNMG has been compensated one thousand five hundred dollars for Neah Power Systems, Inc. news coverage by a non-affiliated third party.  FNMG HOLDS NO SHARES OF Neah Power Systems, Inc.

 This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.

Tuesday, February 10, 2015

CUR Media Enters Into Digital Content Streaming Agreement With MediaNet in Preparation for the Launch of CUR Music, its Next Generation Music Application

MediaNet to provide CUR Music with on-demand streaming access to its music library of over 22 million songs

GLASTONBURY, Conn., - (http://www.financialnewsmedia.com News Alert) - CUR Media, Inc. (OTCQB:CURM) (OTCBB:CURM) announced today that it recently entered into a digital content streaming agreement with MediaNet Digital, Inc. ("MediaNet"), a leading provider of digital content, as the company progresses toward the 2015 launch of CUR Music, its next generation mobile and web music application.

The agreement will pave the way for CUR Music to offer access to MediaNet's library of over 22 million songs as CUR Media reaches agreements with major record labels and other content providers. MediaNet provides its content through licensing arrangements with major record labels, including Universal, Sony Music and Warner Music Group, as well as over 80,000 independent labels. Under the agreement, MediaNet may also manage back-end services for CUR Music including licensing, royalty payments, reporting, encoding, and security.

Tom Brophy, Founder and CEO of CUR Media, commented, "This agreement with MediaNet is another important step forward for CUR as we move toward the launch of CUR Music, our next generation social music experience. As we work towards agreements with record labels and other content providers, giving our audience direct access to that content through one of the most robust libraries of music in the world is a critical component for our company as we position our CUR Music app for its anticipated release later this year. We continue to work diligently on procuring additional content and developing unique features to push the boundaries of our application beyond traditional music streaming and into a completely immersive experience that will enable people to personalize, share, and create. We look forward to capitalizing on our vision and establishing CUR Media as a leading platform in digital entertainment."

Frank Johnson, CEO of MediaNet, commented, "We are excited to partner with the team at CUR as they move toward the launch of their next generation music experience. By gaining access to our extensive library of songs, CUR Music will be well positioned, from a content and royalty administration perspective, to foster the social sharing and creative aspects that will make it such a unique streaming music platform. We look forward to working together with CUR to support their initial launch and all of their future growth plans, through our robust catalog fulfillment and royalty reporting capabilities."

About Media Net

Launched in 2001 as one of the first legal digital music distribution platforms, MediaNet (www.mndigital.com) maintains the world's largest B2B rights-managed global catalog of more than 38 million tracks matched to over 3.6 million rights holders including composers, publishers, administrators, PROs, collection societies, performers, labels, distributors and more. MediaNet offers the only commercially available service and platform which hosts, manages, distributes, reports and administers the rights for a global catalog of sound recordings for powering digital music experiences, including streaming music apps, subscription services and download stores. Through its MN Open API, MediaNet provides seamless access and delivery of its multi-territory catalog and rights administration services, which support many popular digital music services around the world such as Beats Music, Songza, Target and Univision.

About CUR Media

CUR Media is creating a next generation social music experience through the planned launch of CUR 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 release, CUR Music will unlock the true expressive nature of an individual's connection with their music by fostering personalization, sharing and creativity. With CUR 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 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.

Investor Contact:Ascendant Partners, LLCFred Sommer+1-732-410-9810fred@ascendantpartnersllc.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cur-media-enters-into-digital-content-streaming-agreement-with-medianet-in-preparation-for-the-launch-of-cur-music-its-next-generation-music-application-300033575.html

SOURCE CUR Media, Inc.

FN Media Group LLC (FNMG) owns and operates FinancialNewsMedia.com (FNM) which is a third party publisher that disseminates electronic information through multiple online media channels. FNMG's intended purposes are to deliver market updates and news alerts issued from private and publicly trading companies as well as providing coverage and increased awareness for companies that issue press to the public via online newswires. FNMG and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. The companies that are discussed in this release may or may not have approved the statements made in this release. Information in this release is derived from a variety of sources that may or may not include the referenced company's publicly disseminated information. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. While this information is believed to be reliable, such reliability cannot be guaranteed. FNMG disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. This release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies discussed in this release is highly speculative and carries a high degree of risk. FNMG is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. This release is not without bias, and is considered a conflict of interest if compensation has been received by FNMG for its dissemination. To comply with Section 17(b) of the Securities Act of 1933, FNMG shall always disclose any compensation it has received, or expects to receive in the future, for the dissemination of the information found herein on behalf of one or more of the companies mentioned in this release. For current services performed FNMG has been compensated one thousand five hundred dollars for CUR Media, Inc.  news coverage by the company.  FNMG HOLDS NO SHARES OF CUR Media, Inc.

 This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.

Thursday, February 5, 2015

Hawker Energy Completes Acquisition of TEG Oil & Gas U.S.A., Inc.

REDONDO BEACH, Calif., - (http://www.financialnewsmedia.com News Alert) - Hawker Energy, Inc. (OTCQB: HWKR) (the "Company" or "Hawker") announces it closed its previously-announced acquisition of 100% of the shares of TEG Oil & Gas U.S.A., Inc. ("TEG") from Sefton Resources, Inc. (LON: SER) ("Sefton"). TEG owns the Tapia Canyon and Eureka oil fields in California, as further described below. 

Hawker purchased all of the shares of TEG by issuing 3 million shares of Hawker's common stock and a five-year warrant to purchase up to an additional 5 million shares of Hawker's common stock for $0.25 per share. In addition, Hawker and its subsidiary have made a number of advances totaling approximately $1.65 million to TEG beginning April 2014 through the present, pursuant to a secured subordinated note. This amount constitutes additional consideration for the acquisition, as this loan receivable will not be settled prior to the closing of the acquisition of TEG.

Darren Katic, Chief Executive Officer of Hawker, stated, "This is a transformative event for the Company and its shareholders. We have acquired a low-risk development asset capable of producing over 500 barrels per day and in the process filled key spots in our management team. The Company is well positioned to develop these newly acquired assets, to better exploit our legacy portfolio and to capitalize on current market conditions as an opportunistic buyer of reserves in California."

Description of Assets Acquired

Tapia Canyon Oil Field

The Tapia Canyon Oil Field is located about 40 miles north of Los Angeles, California. The field was discovered in 1957, when the Yule No. 2 well tested at 120 barrels per day of 18-degree API oil. The Tapia Canyon Oil Field commenced production in August 1957. Production is from the Yule Reservoir, which is approximately 1,000' deep and, on average, greater than 100' thick over the majority of the oil field.

TEG holds four oil leases covering 280 acres within the Tapia Canyon Oil Field. Based on information provided by the seller, proved net recoverable reserves are estimated by Hawker to be 3.5 million barrels of oil.

After completion of well repairs currently underway and funded by Hawker through its loan to TEG, 18 active wells are expected to produce between 80 and 120 barrels per day of oil. Hawker plans to conduct a phased exploitation development program, including the implementation of a steam flood at an estimated cost of $10 million, which is expected to increase production from current levels to over 500 barrels per day.

Eureka Oil Field

The Eureka Oil Field covers an area of approximately 1,600 acres located about 25 miles west of the Tapia Canyon Oil Field in Ventura County, California. Eureka Oil Field production is very small currently but the property has exploration potential.

Additional Information Concerning The Acquisition And Related Matters

TEG's senior lender, Bank of the West ("BOTW"), consented to Hawker's acquisition of TEG and agreed to extend its senior loan until December 31, 2015, provided that several conditions be met including (i) Hawker lend TEG not less than $350,000 within the first quarter of 2015, and (ii) interest on TEG's obligations to BOTW be increased to 9%, with a monthly pay rate of 5% and the remaining 4% deferred. The current balance owing on TEG's BOTW loan is $4.0 million. All advances made and to be made by Hawker and its subsidiary to TEG are subordinated in all respects to amounts owing by TEG to BOTW.

Additional important information concerning the acquisition, amendments to the secured subordinated note receivable and a related intercreditor agreement, the BOTW consent and extension, and a proposed amendment to a secured convertible note payable can be found in the Hawker Quarterly Report on Form 10-Q for the three months ended November 30, 2014 filed with the SEC on January 20, 2015.

All acreage and production estimates shown above are gross figures before reduction for royalty interests. TEG owns a 100% working interest in both fields.

About Hawker Energy

Hawker Energy, Inc. (OTCQB:HWKR) is focused on the acquisition and exploitation of oil properties through redevelopment in Southern California. Its goal is to deliver long-term value to its shareholders through financial discipline, opportunistic acquisition and efficient operation.

Hawker owns the 40 acre DEEP Lease in the Midway Sunset field in California, and claims developmental rights of certain mineral rights of coastal lease PRC 145.1 just offshore from Ventura County, CA in the Rincon Field, and ownership rights to an associated on-shore drilling and production site. These rights are being contested in court. Hawker Energy's headquarters are located in Redondo Beach, California.

Stock Exchange InformationOTCQB: HWKRCUSIP: 42012W107

Safe Harbor Statement

Statements herein concerning the Company's plans, litigation, reserves, resources, growth, acquisition plans, anticipated production increases, financings and strategies may include "forward-looking statements" within the context of the federal securities laws. Statements regarding the Company's future events, developments, future performance, litigation, reserves, resources, acquisitions, production levels, production increases and financings as well as management's expectations, beliefs, plans, estimates or projections relating to the future, are forward-looking statements within the meaning of these laws. The Company's actual results may differ materially from those suggested as a result of various factors beyond the Company's control. Oil and gas acquisition, exploration and development is a capital intensive business, and the Company will require significant amounts of additional capital for steamflood implementation, well work-overs, field maintenance and other operational matters, as well as to consummate future acquisitions. The Company's ability to obtain additional financing is not certain, particularly in this time of extreme price volatility in the oil industry. The Company will also need to refinance TEG's BOTW loan during 2015, and the availability of debt or equity financing to accomplish this goal is likewise uncertain, and for similar reasons. Interested parties should refer to the disclosure concerning the operational and business concerns of the Company set forth in the Company's filings with the Securities and Exchange Commission.

Contact: Investor Relations and MediaDarren Katic - Chairman and CEOPhone: +1-310-438-7997

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/hawker-energy-completes-acquisition-of-teg-oil--gas-usa-inc-300031420.html

SOURCE Hawker Energy, Inc.

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