DoMark International Inc. (DOMK) Launches Unique Shopping Site in Canada with Major Retail and Media Partners
May 27 2014 - 7:00AM
TORONTO, May 27, 2014
(GLOBE NEWSWIRE) -- DoMark International Inc. (OTCQB:DOMK), a
leading technology and E-commerce company, is extremely pleased to
announce the Canadian launch of website shopping portal
SimbaDeals.ca. The U.S. site
SimbaDeals.com will be launched
shortly.
How SimbaDeals.ca Works
DoMark purchased the North American rights to Monetizer101, a
unique proprietary technology that combines media owners, retailers
and consumers into an online discount shopping solution which is
already successfully operating in Europe. Unlike other online
shopping platforms currently available, ours is a free advertising
model for moving discounted inventory for retailers where they only
pay commission for products sold. Media owners will be receive
a split of the commission 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. It is a tremendous
opportunity to significantly enhance a user's online retail
experience while being highly scalable all on one site.
The business model has been improved for the North America market
to incorporate a fully win/win structure where retailers sign up
for no cost other than commissions paid on sales generated by our
customer traffic. Retailers are responsible for all payments,
shipping, returns and fulfillment. Retailers can promote all
of their online products as well as discounted inventory that they
have been unable to sell via their normal channels. DoMark
has also partnered with some of the country's largest media owners
where they host and promote on their own websites using our
technology to generate a new revenue channel via their substantial
client base.
Canadian Retail Partners
In Canada, DoMark has partnered to date with the follow retailers;
Walmart, Sears Canada Inc. (SCC), Home Depot (HD), Lowe's Inc.
(LOW), Macy's Inc. (M), Starbucks Corp. (SBUX), Ticketmaster,
Hudson's Bay Co. (HBC), Newegg, Gap, Chapters Indigo, The Body
Shop, Superdry, French Connection, Villeroy & Boch, FragranceX,
Royal Design, Swarovski, Cannon, Florsheim, Nunn & Bush, Bogs
Footwear, Buytopia, Kobo Books, TeamBuy, The Source, Banana
Republic, Club Monaco and Roots.
Canadian Media Partners
Canadian media partners to date include; The Globe and Mail
(Canada's largest circulation national newspaper), TC
Transcontinental (TCL.A), Metro Newspapers and Now Magazine
Toronto. Others are expected to follow shortly.
Worldwide advertising veteran, Bill Sharpe, Chairman of Havas
Advertising Worldwide Canada, commented "this is a totally
different business model that is a complete win/win solution that
allows retailers to promote their online product lines to move new
and older inventory at no cost to them". "It also gives
valuable new revenue streams to media owners who can capitalize on
their extremely large customer base. What makes this
incredibly powerful is that media partners SimbaDeal.ca has secured
concentrates unique visitors in the tens of millions making the
site one of the largest media owners in Canada at
launch".
DoMark C.E.O. and President, Andrew Ritchie, commented "we are
obviously very excited about the revenue potential and size of the
North American market and are on track to launch in the U.S. with
SimbaDeals.com shortly where we already have 110 major retailers
signed up. We are extremely pleased with the accomplishments made
to date and believe DoMark is now on solid footing and well
positioned to deliver consistent profitable growth.
About DoMark International
Inc.
DoMark International Inc. is a fully compliant SEC reporting
publicly traded consumer electronics and Ecommerce 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)
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information contained therein.
Source: DoMark International Inc. via Globenewswire
HUG#1788609