Martin Sumichrast on Kure Corp’s latest round of Financing

CHARLOTTE, N.C., June 1, 2015 /PRNewswire/ — KURE Corp., one of the fastest growing companies in the vape and e-cigarette industry in the United States, announces the completion of $4.7 million in capital financing from institutional and accredited investors.T.R. Winston & Company of Los Angeles, California acted as the placement agent, and Siskey Capital LLC., a Charlotte, North Carolina based merchant bank, advised on the Transaction.

Dave Peterson and his team have demonstrated within a very short period of time how they are able to successfully execute on their business plan with clear vision and focus. This is becoming an increasingly competitive market riddled with uncertainty in regulation and consumer opinion. However, KURE has gone above and beyond those challenges by continuously innovating its products and customer experience. In our opinion, KURE has cleared one of the most difficult market obstacles by bridging adoption by all types of consumers”, said Martin Sumichrast, Vice Chairman of Siskey Capital.

Read full Story

Anthony Shriver on Martin Sumichrast as board member of Kure Corp.

“I have personally known Anthony for over 40 years and am thrilled that he has joined the Board of Directors of KURE Corp. He will be an invaluable asset to the growth of the company as we continue to rapidly grow into a global brand and industry leader in the vape space,” says Martin Sumichrast, Board member of KURE Corp. and Vice Chairman and co-founder of Siskey Capital, LLC, the private equity firm based in Charlotte which has been the lead investor in KURE Corp.

“I am excited to work side by side with my childhood friend of 42 years, Martin Sumichrast, who has been a leader in building forward-thinking, quality and successful businesses throughout his career,” says Mr. Shriver. “I know KURE will work diligently to set a new standard of excellence in the vape market. I look forward to contributing my skills in whatever way possible.”

Read Full Story

 

 

Social Reality, Inc. Appoints Martin A. Sumichrast to Its Board of Directors

LOS ANGELES, Jan. 27, 2015 /PRNewswire/ — Social Reality, Inc. (OTCQB: SCRI), an automated digital platform technology and social management software company for Internet advertising, announced today the addition of Martin A. Sumichrast to its board of directors.

Mr. Sumichrast brings over 25 years of experience in investing and providing business advisory services to corporations in the United States, Europe and Asia. He currently serves as the Vice Chairman and co-founder of Siskey Capital, LLC, a Charlotte, North Carolina-based merchant banking operation. Siskey Capital, LLC and its affiliate funds are one Social Reality’s largest investors. He also serves as Managing Director of Washington Capital, LLC, a family owned office. Mr. Sumichrast serves as a Trustee and Chairman of the Nominating and Governance Committees, of the Babson Capital Growth Short Duration High Yield Fund, Inc. and the Babson Capital Funds Trust, an open-end investment company advised by Babson Capital Management, LLC, a global asset manager with over $200 billion in assets under management. Mr. Sumichrast is also a member of the Board of Directors of Kure Corp, a vapor brand that specializes in the distribution of vaporizing pens, e-Juices and related accessories. He also is the Co-Chairman of the Jadeveon Clowney Help-In-Time Foundation, a non-for-profit charity that helps children of incarcerated parents. He is co-author and contributor of Opportunities in Finance Careers and The New Complete Book of Homebuying.

“We are very fortunate that Marty has agreed to join our board,” said Christopher Miglino, CEO and co-founder of Social Reality. “His insights into the capital markets have been instrumental in getting the company to where it is today. We look forward to a continued and expanded relationship.”

At Siskey Capital we look to align ourselves with great management teams that can take advantage of new growth industries. We believe Social Reality and its management team are well positioned in the rapidly growing digital advertising market. I am excited about the future of Social Reality and happy to be able to serve as a Director,” said Martin Sumichrast, Vice Chairman and co-founder of Siskey Capital, LLC.

About Social Reality

Founded in 2010, Los Angeles-based Social Reality, Inc. is an Internet advertising company that provides tools that automate the digital advertising market. The company has built technologies and leveraged partner technologies that service social media and the real-time bidding (RTB) markets. For more information, please visit www.socialreality.comwww.srax.comwww.sraxmd.com,www.sraxdi.comwww.groupad.com and  www.steelmediainc.com

Forward-Looking Statements

This press release contains forward-looking statements. Any statements contained herein which do not describe historical facts forward-looking statements which involve risks and uncertainties that could cause actual results to differ materially from those discussed in such forward-looking statements. Statements about past financial results do not, and are not meant to, predict future results. Social Reality can provide no assurance that such results and performance will continue.

Risks and uncertainties include, among others: (1) the possibility that we may not realize the expected benefits, synergies and opportunities anticipated in connection with the acquisitions, including the anticipated revenue and cost synergies, and continuing revenue growth, (2) the challenges of integrating the Steel Media commercial team with Social Reality, (3) the impact on sales from competitive pricing, and sales and marketing initiatives, (4) liabilities we assume from Steel Media that may be higher than expected, (5) the possibility that sales will not meet expectations as a result of current and future competition, (6) in connection with the Steel Media acquisition, we have incurred a substantial amount of indebtedness and will have to comply with restrictive and affirmative debt covenants, (7) the expectation that we will need to raise additional capital from the sale of our equity, which will cause significant dilution to our stockholders, in order to satisfy our contractual obligations, including our debt service, earn out payments that may become payable to Steel Media’s stockholder or in order to pursue business development activities, (8) due to the Steel Media transaction, we are highly leveraged and have limited cash resources which may limit our ability to take advantage of attractive business development opportunities and execute on our strategic plan, (9) our ability to execute on our long-term strategic plan or to realize the expected results from our long-term strategic plan, (and (10) other risks identified in our filings with the U.S. Securities and Exchange Commission (SEC), including our Quarterly Report on Form 10-Q for the period ended September 302, 104 and subsequent filings with the SEC. Any of the above risks and uncertainties could materially and adversely affect our results of operations, our profitability and our cash flows, which would, in turn, have a significant and adverse impact on our stock price. We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date they are made.

We disclaim any obligation to publicly update or revise any such statements to reflect any change in expectations or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.

KURE Corp, Opens First Vaporium Lounge In Gastonia North Carolina

CHARLOTTE, N.C., Jan. 27, 2015 /PRNewswire/ — KURE Corp (“KURE”), announced today that it has successfully opened its first KURE Vaporium & Lounge in Gastonia, North Carolina on December 26, 2014.  KURE Vaporium & Lounge in Gastonia has been under construction since October of last year. It features a custom designed interior that creates a modern yet very welcoming atmosphere for its customers.

“We are very pleased with the numbers coming from our first location. It’s only been less than 30 days since the store has opened and already we are seeing a significant development of customer loyalty and impressive sales growth each week”, comments David Peterson, CEO of KURE.

“This industry is facing explosive growth and consumer adoption, and we are excited to support KURE in becoming an industry leader in this space within a very short period of time”, says Martin Sumichrast, Vice Chairman and co-founder of Siskey Capital LLC.

Read Full Story

KURE Corp, Leading Global Vapor Brand, Announces its Board of Directors

Charlotte NC, January 20, 2015 – KURE Corp (“KURE”), announced today its members of the board of directors. David Peterson, CEO of KURE Corp comments, “We want to continue to recruit the best talented leaders and world class directors for our organization. Each of our members has a specific expertise they bring to KURE from finance, real estate, to international business. We are excited to have these recognized professionals as members of our board that will contribute significant value to our long term success.”

The members of KURE’s board of directors are as follows:

Martin A. Sumichrast is the Vice Chairman and Co-Founder of Siskey Capital, LLC, a Charlotte, North Carolina private merchant bank. Marty Sumichrast also serves as a Trustee and Chairman of the Nominating and Governance Committee’s of the Babson Capital Growth Short Duration High Yield Fund, Inc. and the Babson Capital Funds Trust, Inc; and is an Executive Director of the Jadeveon Clowney Help-In-Time Foundation, a not-for-profit charity. Siskey Capital LLC has been the lead financial partner to KURE since inception.

William (Billy) Packer is a successful real estate entrepreneur with various real estate ventures ranging from golf courses to residential housing, commercial buildings and new land development. Prior to his real estate ventures, Mr. Packer spent over 35 years as a broadcaster of collegiate basketball for NBC, CBS and has received numerous Hall of Fames including the Naismith Hall of Fame recipient of the Gowdy award. He has been or is presently on the board of the Naismith Basketball Hall of Fame and Transbotics Corporation.

Craig Cass has spent 25 years in the retail and wholesale tobacco business focused on the premium cigar category.  He operates four retail operations in Charlotte, NC and two in Myrtle Beach, SC. Craig has served as the President of the Tobacconist’ Association of America and currently serves on the Executive Committee of the International Premium Cigar and Pipe Retailers (IPCPR) as the First Vice President and as its Federal Legislative Chairman.  IPCPR is the nation’s largest trade association serving the retail tobacco channel. Additionally, he serves as Chairman of the Davidoff Retail Advisory Board, and on the Altadis USA Retail Advisory Board.

George Bohle is a founding member of Blair, Bohle, & Whitsitt, PLLC, a full service public accounting and tax services firm. George is also the founding shareholder of Reliance Management Group, a retailer and distributor of apparel promotional products. Mr. Bohle’s is a member of the American Institute of Certified Public Accountants and Charlotte Chapter of the Renaissance Executive Forum. Mr. Bohle currently serves or have held board positions for non-profits such as the Freedom Park Neighborhood Association, the Men’s Shelter of Charlotte, and the United Way Central Carolinas.

About KURE Corp

KURE Corp (“KURE”) is a private company based in Charlotte North Carolina that specializes in the global distribution of vaporizing pens, e-Juices, and related accessories. KURE’s primary products are its KURE Society™ premium vaporizers and select line of high end flavored e-Juices. KURE products are found on www.KUREsociety.com and will be available throughout its many store locations across the United States. KURE Vaporium™, KURE Society™, Kuriousity ™, Kurators ™ are all respective trademarks of KURE Corp.

Kure Corp Communications:

Stephanie Staffieri

Chief Product & Marketing Officer

Tel: 1.704-997-3621

Forward-Looking Statements

This press release contains forward-looking statements. Any statements contained herein which do not describe historical facts, including but not limited to, statements regarding: (i) our business; (ii) expectations about our business and future of its market; (iii) expectations regarding  future intentions we plan on undertaking as part of our business plan; (vi) beliefs about the consumer adoption of our industry and our goal of bringing new innovative products to consumers, are forward-looking statements which involve risks and uncertainties that could cause actual results to differ materially. We disclaim any obligation to publicly update or revise any such statements to reflect any change in expectations or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.