LONGWOOD, Fla., May 23, 2013 (GLOBE NEWSWIRE) -- DoMark International Inc. (OTCBB:DOMK) (the "Company" or "DoMark"), a mobile accessory supplier has completed the acquisition of 29% of the equity capital of Imagic Ltd.
Imagic Ltd, a private company, has developed a mobile accessory product for use with major smartphone manufacturers. A more detailed description of the product will be announced nearer to its launch date later this year in the USA and global markets. This investment by DoMark amounts in total to a payment of cash and shares of $580,000.
DoMark CEO, Andy Ritchie stated, "This is a uniquely innovative product which we believe to have a huge potential appeal to multi-media games players, and improves the user experience while playing games on mobiles and on TV. Mobile content revenues are due to rise from $40 Billion this year to $65 Billion in 2016 of which games form the greater part. This product adheres to DoMark's investment criteria, in that it is patent pending, mass market, and game changing with excellent sales margins." Mr. John Bentley, who has recently joined the Board of Imagic Ltd as a director, has accepted an invitation to join the DoMark Board in due course to assist in the liaison between DoMark and Imagic nearer to the time of the launch of the Imagic product. Formerly he was the Chairman of the UK's largest toy company, and has had extensive experience worldwide in media, movies, video and digital games in listed UK companies he has directed. He was the original creator and instigator of Internet on TV which he developed and launched in the US in 1995/6 through a privately held company, Viewcall America Inc, whose business was later sold to a subsidiary of Oracle Corporation Inc.
About DoMark International Inc.
DoMark is an Investment Company engaged in owning and developing patented and innovative mass market consumer products. SolaWerks Inc. is a 100% owned subsidiary engaged in the development and distribution of its IRchargerTM systems designed for Apple's iPhone and Samsung Galaxy products, to be launched in the USA in August, and other global markets currently in negotiation. For more information on DoMark, visit www.domarkintl.com. For more information or inquiry on SolaWerks Inc. visit www.IRcharger.com. (A video web site for Imagic product will be released later this year in conjunction with details of distribution launch dates and pricing).
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