DoMark International Inc.
23.05.2013 13:00
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LONGWOOD, Fla., 2013-05-23 13:00 CEST (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
IRcharger(TM)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).
Important Safe Harbour disclaimer information is available at the following
link: http://www.domarkintl.com/info/disclaimer
Andy Ritchie, CEO
+1 416 400 4421
www.domarkintl.com
News Source: NASDAQ OMX
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Language: English
Company: DoMark International Inc.
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End of Announcement DGAP News-Service
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DGAP-News: Investment in Game Changing New Multi-Media Games Product Developer Imagic Ltd by Smartphone Accessory Supplier DoMark International
| Source: EQS Group AG