Ku6 Media Co., Ltd. announced that Mr. Kelvin Wenbo Liu joined the company as President and Mr. Jian Lu is appointed as the company's Chief Technology Officer. Kelvin and Jian are both accomplished and rigorous business leaders with incredibly expertise in the technologies that are vital to business. Their operational experience in Internet and media and their proven track record in turning innovative technologies into killer applications and products make them the perfect fit for Ku6 as propel the business to its next phase of growth.

Ku6 Media Co., Ltd. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported total revenues of $3.350 million against $4.421 million for the same period a year ago. Operating loss was $3.565 million against $4.187 million for the same period a year ago. Loss before income tax expense was $2.981 million against $3.938 million for the same period a year ago. Net loss attributable to parent company was $2.981 million against $3.938 million for the same period a year ago. Net loss attributable to company ordinary shareholders per basic and diluted share was $0.00 against $0.00 for the same period a year ago. Net loss attributable to company basic and diluted ADS was $0.06 against $0.08 for the same period a year ago. Net cash used in operating activities was $3.683 million against $13.565 million for the same period a year ago. Purchases of property and equipment were $5,000 against $1.144 million for the same period a year ago. Non-GAAP operating loss was $3.545 million against $4.709 million for the same period a year ago. Non-GAAP net loss attributable to company was $2.961 million against $4.46 million for the same period a year ago. EBITDA loss was $2.137 million against $2.836 million for the same period a year ago. Adjusted EBITDA loss was $2.598 million against $3.858 million for the same period a year ago. For the year, the company reported total revenues of $14.115 million against $19.222 million for the same period a year ago. Operating loss was $10.97 million against $49.571 million for the same period a year ago. Loss before income tax expense was $9.491 million against $49.49 million for the same period a year ago. Net loss attributable to parent company was $9.491 million against $49.344 million for the same period a year ago. Net loss attributable to company ordinary shareholders per basic and diluted share was $0.00 against $0.01 for the same period a year ago. Net loss attributable to company basic and diluted ADS was $0.19 against $1.16 for the same period a year ago. Net cash used in operating activities was $8.087 million against $39.173 million for the same period a year ago. Purchases of property and equipment were $1.277 million against $2.364 million for the same period a year ago. Non-GAAP operating loss was $10.506 million against $48.339 million for the same period a year ago. Non-GAAP net loss attributable to company was $9.027 million against $48.112 million for the same period a year ago. EBITDA loss was $5.992 million against $43.297 million for the same period a year ago. Adjusted EBITDA loss was $7.006 million against $43.094 million for the same period a year ago.

Ku6 Media Co., Ltd. announced that they will report Q4, 2012 results at 9:00 AM, China Standard Time on Mar 15, 2013