TORONTO, Jan. 28, 2014 (GLOBE NEWSWIRE) -- DoMark International Inc. (OTCQB:DOMK), a leading smartphone, tablet, video gaming accessories and technology company, is pleased to announce that it has purchased from Wazzamba SA, the North American exclusive distribution rights to Monetizer 101 in a revenue-share based transaction.
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. Everybody wins with no capital outlay outside of the purchase of the product.
Developed and currently operating in Europe, the platform and infrastructure will be easily rolled out in North America with DoMark capitalizing on its extensive media relationships. Operating and capital costs for product launch and day to day operations will be minimal. The Canadian site will be launched within 2 months with the United States following shortly.
Market research firm, Forrester, forecasts that online U.S. retail sales will reach $327 billion by 2016, as more consumers are becoming comfortable with a wider variety of online purchases.
Andrew Ritchie, DoMark President & CEO, commented: "This is a fantastic acquisition for DoMark in this explosive growth market. Monetizer 101 is a unique win/win solution for media owners, retailers and consumers. It is ready to be deployed with very little investment by DoMark and I'm confident that this will not only act as a huge revenue stream for the Company but will also enrich the entire consumer online shopping experience in North America. Monetizer 101 adds to our existing line up of products as part of our ongoing growth strategy."
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.
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CONTACT: North America: DoMark International Ltd. Andrew Ritchie - President & CEO (+1-416-400-4421) Europe: GTH Communications Ltd. Toby Hall (+44 20 7822 7493)Source:DoMark International Inc.