Mobile Lads Begins Operating North American Shopping Network Simbadeals.com
March 26 2015 - 7:00AM
Business Wire
Mobile Lads Corp. (OTCQB: MOBO) has commenced operating
Simbadeals.com – a world class shopping solution with over four
hundred blue chip retailers on the United States site, and with
over 30 million products available at all times.
Mobile Lads via the Simbadeals platform has partnered to date
with the following retailers; Walmart (NYSE - WMT), Sears Canada
Inc., Home Depot (NYSE - HD), Lowe's Inc. (NYSE - LOW), Macy's Inc.
(NYSE - M), Starbucks Corp. (NASDAQ - SBUX), Ticketmaster, Hudson's
Bay Co., Newegg, Gap, Chapters Indigo, The Body Shop, Superdry,
French Connection, Villeroy & Boch, FragranceX, Royal Design,
Swarovski, Canon, Florsheim, Nunn & Bush, Bogs Footwear,
Buytopia, Kobo Books, TeamBuy, The Source, Banana Republic, Club
Monaco , Roots, and others.
The site has media partnerships with the Tribune, Globe &
Mail, Metro Newspapers Canada, Now Magazine, MTS Allstream, and
many other media partners.
Mobile Lads will drive traffic in various ways to its
Simbadeals.com website with the aim of converting traffic into
sales. Mobile Lads receives 4–15% on sales of merchandise made
through the website.
How SimbaDeals.com Works
Mobile Lads has entered into an option to acquire the exclusive
North American rights to Monetizer101, which has been successfully
operating in Europe and recently entered North America. This is a
ground-breaking and unique technology that brings together media
owners, retailers, and consumers into an online shopping platform.
Media owners will be paid for driving traffic to the retailers via
Simbadeals.com and retailers receive new revenue streams and
increased page reviews on their websites. Consumers win because
they get access to a wide variety of brand name products at heavily
discounted prices. Simbadeals is built to be highly scalable.
The business model has been improved for the North American
market to incorporate a fully win/win structure where retailers
sign up for no cost and only pay for commissions paid on sales
generated by 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.
The New Joint Venture
In exchange for a cash and share transaction to be paid to
Domark, Mobile Lads will acquire and take full operational control
and funding of the online shopping solution. Domark will retain a
25% ownership. This is a great win/win solution for both companies,
as Mobile Lads already has a strong presence and a world-class team
in the Internet arena. Mobile Lads not only has the experience, but
a portfolio of Internet products which together complement both
companies.
Mobile Lads CEO Michael Paul commented, “This is an exciting
joint venture where we will be able to take existing websites to
the next level, leveraging all the great work that has been
established by Domark. We now have the financial requirements and
technical expertise to maximize this asset. The technology also
fits very well with our Coubox platform.”
About Mobile Lads
Mobile Lads Corp. designs and delivers secure wide-area software
solutions for the consumer, finance, web and health sectors. The
company’s solutions provide streamlined, continuous access to
time-sensitive information and data on multiple network standards.
Mobile Lads’ products and services center on platforms that
simplify and secure online transactions and mobile commerce.
For more information, visit www.mobilelads.com.
About Domark International
Domark International Inc. is a fully compliant SEC reporting
publicly traded consumer electronics and e-commerce company listed
in the regulated US OTC PINK Bulletin Board under the symbol DOMK.
The Company works with investors, manufacturers, distributors and
retailers to bring to market globally new smartphone and tablet
accessories as well as online services that can significantly
enhance the usage or user experience of a device or medium.
Technology development companies in which Domark has partnered
include Solawerks, Inc., Imagic LTD, Xaltek Ltd, and Barefoot
Science.
For more information, visit www.domarkintl.com.
Mobile Lads Corp.Michael Paul, 416-953-3133orDomark
International Inc.Andrew Ritchie, 416-400-4421
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