Photo Release -- DoMark Increases Holding in Imagic Ltd. to 40 Percent
December 03 2013 - 11:54AM
DoMark International Inc. (OTCBB:DOMK), a leading smartphone,
tablet and video gaming accessories company, is pleased to announce
that it has increased its holding in Imagic Ltd. from 31% to 40%.
Imagic now has two patent pending products, the SmartLink device
and the Cartridge Printer. The SmartLink device connects any
smartphone and tablet wirelessly to a television set with 100%
digital reproduction of movies and games. This device will be
launched in January at the CES Expo Show in Las Vegas. The portable
Imagic Cartridge Printer connects wirelessly to any smartphone and
tablet to produce inkless high resolution digital photographic
prints. Further details on both products can be found at
www.domarkintl.com and below.
Photos accompanying this release are available at
http://www.globenewswire.com/newsroom/prs/?pkgid=22520
http://www.globenewswire.com/newsroom/prs/?pkgid=22521
The additional 9% of Imagic Ltd. was purchased from Meadow Grove
Ltd. in a share transaction priced at $0.025 per DoMark share,
totalling 8,000,000 shares with a US$180,000 cash value. This
brings DoMark's holding in Imagic to 40% and DoMark's total
investment in Imagic to US$800,000.
Andy Ritchie, President & CEO of DoMark, commented: "I am
delighted that we have strengthened our holding in Imagic which now
has two world class products coming to market in early 2014. Both
products are unique in the market with patent pending technologies
which we believe can be blockbusters and great additions to the
DoMark product family."
SmartLink Products – The SmartLink allows
smartphones and tablets to wirelessly connect movies or games on
the smartphone or tablet to a television set with 100% instant
reproduction without any diminished quality or speed of response,
making it an essential accessory to movie fans and gaming
enthusiasts. The extremely high level of quality markedly
differentiates the SmartLink product against its rivals such as the
recently announced Google Chrome Dongle which failed expectations
due to its lack of instant response and reproduction quality. In
addition, the SmartLink Games Controller, which integrates with the
SmartLink and provides levels of game control not available on a
tablet or smartphone touchscreen, is also expected to be ready for
marketing at the same time as the SmartLink TV application and will
come with ready to use games and movies to enhance its instant
sales appeal.
SmartLink Potential Market - The worldwide
video games industry is currently valued at US$76 billion, with
mobile being the fastest growing platform. The smartphone and
tablet markets continue to grow in double digits monthly with the
accessory market for both growing at 50% annually.
Imagic Printer - This ground breaking wireless
photographic printer uniquely does away with the need to separately
purchase ink, dyes and paper replacing them by an easily loaded
cartridge that contains inkless paper. This allows users to print
up to 24 postcard sized photographs in high resolution from their
smartphone, tablet or digital camera immediately at any time and
place without the need to route the printing through a PC or
desktop printer or use a professional printing service.
Other DoMark Products - These include the
DoMark InfraSol IRCharger and Power+ light weight smartphone
charger cases for Samsung Galaxy III, S4 and Apple iPhones. These
products provide extended battery life in a hard and soft slim-line
cover and are due to be available in January next year. Separately,
The Zaktek PhonePad+ product which allows a smartphone to be
converted into a tablet, has been launched by the UK's largest
mobile retail store chain, initially for use with Samsung mobile
phones (www.phonepadplus.com); and DoMark's 15% investment in
Barefoot Science, a patented FDA approved foot insole product
manufacturer, continues to grow, the business having been
restructured as well as having recently received an order from
Shoppers Drugmart, one of Canada's largest pharmacy retailers.
About DoMark International Inc.
DoMark International Inc. is a fully compliant SEC reporting
publicly traded consumer electronics company listed on the
regulated US OTC Bulletin Board under the symbol DOMK. The Company
works with inventors, manufacturers, distributors and retailers to
bring to market globally innovative new smartphone and tablet
accessories that can significantly enhance the usage or user
experience of a device. Its products are designed to be compatible
with all major smartphone and tablet device manufacturers including
but not limited to Apple Inc., Samsung, Logitech and Quantum
International. Technology development companies in which DoMark has
partnered include Solawerks Inc., Imagic Ltd., Zaktek Ltd. and
Barefoot Science. For more information on DoMark and its products,
please visit www.domarkintl.com.
Important Safe Harbour disclaimer information is available at
the following link: www.domarkintl.com
The photos are also available via AP PhotoExpress.
CONTACT: North America:
DoMark International Ltd.
Andrew Ritchie - President & CEO
+1-416-400-4421
Europe:
GTH Communications Ltd.
Toby Hall
+44 20 7822 7493