DoMark International Inc. Forges Forward With Tremendous Strength
April 14 2014 - 9:45AM
DoMark International Inc. (OTCQB:DOMK), a leading smartphone,
tablet, gaming accessories and technology company is pleased to
report a substantially improved financial position with its filing
of its 2014 Q3 ending February 28th.
Company Finances The operational loss for the
quarter was $439,888 compared to $5,760,097 for the same period
last year. The operational losses for the 9 months to date was
$1,473,285 compared to $7,874,320 for the same period last year.
Net loss per share improved to $0.02 from $0.30 for the same period
last year.
DoMark's total assets have increased to $1,555,289. These are
book value assets and do not properly represent the company's real
asset value. Products are mass market with large margins creating a
real asset value that is substantially higher than officially
posted. The Company also has a $44.6 million carry forward tax loss
which will be very valuable when DoMark's transitions into a
profitability in the very near future. The Company is also pleased
to announce that all operational payables are paid up to date with
cash on hand and access to funds to successfully run all operations
and bring DoMarks suite of products to market. DoMark's filings are
fully up to date and the Company has chosen to become fully
reporting.
Product Updates
The company has invested in 5 products, but management has
chosen to focus on two at present.
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. Progress has been better
than we could have ever expected, and the Canadian site is expected
to be launched within the next month, with the United States site
to follow shortly thereafter.
IRcharger/Power1+ (Ownership 100%) - The
InfraSol lightweight smartphone charger cases for Samsung Galaxy
III, S4 and Apple iPhones has been delayed due to quality control
issues at our manufacturing facility. Our project inventor/ Chief
Engineer is working to resolve these issues. We hope to be in the
market shortly. The packaging and our global distributor are ready
as soon as we have achieved the quality standard we need for our
customers.
Andrew Ritchie DoMark President & Chief Executive Officer
stated, "The management has worked very hard to improve the
fundamentals of the company and ensure that we have a strong lineup
of world class products. I feel the future is very positive."
About DoMark International Inc.
DoMark International Inc. is a fully compliant SEC reporting
publicly traded consumer electronic's 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 Inc.
Andrew Ritchie (+1-416-400-4421)