DoMark International, a leading investment management company primarily focused on mass market accessory products for major smartphone and tablet suppliers, today provided investors with an update and review of its operations and future plans. The complete report from CEO Andrew Ritchie is presented below in its entirety.
Product Updates
IRCharger – Infrared/Solar Charger Case for the Apple iPhone and Samsung Galaxy:
DoMark’s innovative 100% owned IRCharger facilitates the charging of mobile and smartphones with twin built in lithium batteries and an infrared/panel. The IRCharger for Apple iPhones and Samsung Galaxy III and S4 will be launched on August 1st 2013. With 137 million Apple iPhone units and 216 million Samsung units sold last year, these are the world’s leading smartphone products. DoMark is currently negotiating distribution worldwide and has advance orders for 58,000 units from two major US distributors.
Imagic Ltd.:
DoMark last week announced its purchase of a 29% ownership stake in Imagic Ltd., a privately held company, at a cost of $580,000 in cash and shares. Imagic is a developer of mobile accessory products. A detailed description of a low cost revolutionary accessory to enhance the use of all smartphones and tablets for games and other applications will be announced nearer to its launch date. It is planned to capture a large piece of multi-billion dollar global gaming hardware sales in the run up to Xmas 2013 following its trade launch in the next two months.
Barefoot Science:
Having given consideration to the small size of this investment and the decision to concentrate the Company’s efforts on the massive mobile product growth market given the opportunity presented by the Imagic acquisition and other potential investments currently under review by the Board, the Directors have decided to seek to sell the investment in Barefoot Science at an early opportunity.
Management
DoMark is also very pleased to announce that the appointment of global entrepreneur and industrialist, John Bentley (www.johnbentley.biz), as a Non-Executive Director of DoMark, is to take place in June. He is also a director of Imagic Ltd. and so will ensure a strong and continuing link between DoMark and Imagic for the future. His experience in the area of Internet TV, digital games, and online and mobile communications and services will assist DoMark both in selecting new investment acquisitions for future growth, and their supervision. It will continue to be your directors’ policy of strengthening the Board when appropriate in line with its new mobile industry strategy.
Financials
As part of the Company’s restructuring and move towards better corporate accountability, overheads and debts have been dramatically reduced with no outstanding law suits. Management has also cancelled all 50 million Preferred Shares along with 7.4 million Common Shares attached to a previous Victory Lane investment.
Conclusion
“I am extremely pleased with the progress made over the past few months in enabling the Company to position itself to bring about its mobile industry strategy with new and exciting products from which the Company may expect substantial growth and robust shareholder return in 2013 and beyond,” Mr. Ritchie concluded. “The ability to be able to administrate and arrange distribution of the Company’s products as one will both simplify and expedite their administration and promotion to the public.”
For more information, visit www.DoMarkIntl.com
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