DoMark International Inc. Company Update
January 30 2014 - 08:00AM
DoMark International Inc. (OTCQB :DOMK), a leading smartphone,
tablet, gaming accessories and technology company, is pleased to
provide an update and review of the Company's operations.
Management has spent 2013 purchasing and investing in companies
and products that will be brought to market in 2014. DoMark now has
a family of products to be launched this year that the Directors
believe have the potential to return significant revenues to the
Company. Compliance wise, all financials and SEC filings are fully
compliant and the Board believes the overall corporate outlook is
now looking extremely positive.
Corporate Vision Statement
As previously stated, DoMark's focus is to operate as a consumer
electronics and technology company in areas with the following
criteria:
- Patented or patent pending technology or products;
- Companies that own "game changing" technology/products in their
respective fields;
- Products with mass-market consumer appeal and significant
profit margins that are easily scalable;
- Products that can be managed and sold through our established
operations; and
- Products typically focused on the smartphone and video gaming
accessories market.
Product Updates
IRcharger/Power+ (Ownership 100%) - The
InfraSol lightweight smartphone charger cases for Samsung Galaxy
SIII, S4 and Apple iPhones have been ordered from our manufacturer
and we are awaiting delivery. This product was slightly delayed due
to our global consumer electronics distributor requiring a redesign
to the product packaging. This has now been completed to their
requirements and negotiations for signing a global distribution
agreement for a minimum order of 2.4M units per annum are now on
track with our preferred wholesale worldwide distributor. This
product will retail for US$59.99, which is well priced against our
competitors, particularly considering our unique technology and
design. This product will be available very shortly in retail
outlets and online.
SmartLink (Ownership 40%) - SmartLink allows
smartphones and tablets to wirelessly connect movies or games from
the smartphone or tablet to a television set with 100% instant
reproduction without any diminished quality or speed or 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
Google Chrome Dongle which failed expectations due to its lack of
instant response and reproduction quality. I am therefore delighted
to report that SmartLink was launched to excellent reviews at the
CES Expo last month in Las Vegas. Product design and packaging is
now being slightly modified with the product being targeted for
general release at the end of March 2014.
Imagic Printer (Ownership 40%) - This
ground breaking wireless photographic printer uniquely does away
with the need to separately purchase ink, dyes and paper, replacing
them with an easily loaded cartridge that contains inkless paper.
Users can 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. The aim is to bring this product to market in the
2nd Quarter of 2014.
Zaktek Product (Ownership 20%) - The PhonePad+
product, which allows a smartphone to be converted into a tablet,
was launched at the end of 2013 by the UK's largest mobile retail
store chain. Initially for use with Samsung mobile phones
(www.phonepadplus.com), sales so far have been disappointing. As a
result, given the limited equity stake in the product, DoMark has
taken the decision not to invest further in this area.
Monetizer 101 Online Shopping Solution (Ownership 100%,
North American Distribution Rights) – As announced on
28 January, Monetizer 101 is a unique proprietary technology that
collaborates media owners, retailers and consumers into an online
discount shopping solution where everyone benefits. Unlike other
online shopping platforms currently available, Monetizer 101 is a
free advertising model for moving discounted inventory for
retailers where they only pay commission for products sold. Media
owners will be paid for driving traffic to retailers, retailers
receive new revenue streams and increased page views on their own
websites and consumers receive a wide variety of brand name
products at heavily discounted prices. The Canadian site is
expected to be launched within the next two months with the United
States site to follow shortly thereafter. DoMark will add a small
team to manage this operation. Management believes Monetizer has
the potential to generate significant revenues with minimal
investment – and without disrupting the North American online
retail market - given the success to date of the platform in
Europe. It also gives the Company its own additional sales
platform through which to sell our products. Indeed, the Directors
believe Monetizer 101 is a natural extension to the Company's
product portfolio, it having the potential to significantly enhance
a user's online retail experience while being highly scaleable.
Barefoot Science Shoe Insole Products (Ownership
15%) - DoMark is an investor and not actively involved
with the marketing or sales of this patented, FDA approved product
that improves the problems associated with tired sore feet, flat
feet, corns, bunions, planar fasciitis, calluses and individuals
struggling with diabetes. Barefoot Science was restructured by its
management last year and is making steady progress. Even though
this company has the potential to make significant returns to
DoMark, it is not seen as one of our core products and therefore no
further investment will be made in this area.
Management
DoMark has streamlined operations with three full time
experienced executives. All other requirements are outsourced.
DoMark has built an impressive team of consultants and advisors to
help us achieve our corporate goals. Contracts are currently in
place with our marketing and business development partner, Acumen
Media Partners and Havas Wordwide; our public relations advisor,
GTH (London); online and direct marketing sales specialist, Combat
Labs; SEC Attorney at Law Samuel Whitley; auditor DBS Associates of
New York and branding and packaging specialist Brandworx. This
line-up of expertise is designed to minimize operation costs and
maximize corporate efficiency.
Company Finances
The Company has spent the last year and half restructuring all
debt obligations and is completely up to date on its SEC filings.
Even though the Company has made substantial strategic investments,
we are pleased to report that the corporate debt is minimal at
approximately US$600k. The Company is well positioned for excellent
returns to our investors in 2014 via products that we have invested
in. The Company also has the benefit of a US$44m tax loss carry
forward which will maximize our investors return over the next
year. The burn rate is presently minimal and we are well positioned
to deal with any future obligations. The Company's long term
strategy is to move the listing from the OTC.QB to the NASDAQ and
the necessary steps are being taken to enable this happen in
due course.
Management understands and is acutely sensitive to the fact that
investors have not seen a good return on their investment over the
last year during the restructuring and repositioning of the
Company. However, as a result of the hard work and endeavor of
the management team, we believe DoMark is now on solid footing and
in a position where it can begin to deliver profitable growth.
Thank you for your patience and support as we enter a very exciting
and profitable new chapter for the Company.
Andrew Ritchie President & Chief Executive
Officer
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 as well as online services that can significantly
enhance the usage or user experience of a device or medium. 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
CONTACT: North America: DoMark International Ltd.
Andrew Ritchie (+1-416-400-4421)
Europe: GTH Communications Limited
Toby Hall (+44 20 7822 7493)