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)Source:DoMark International Inc.