UK-based, Acquisition International, has awarded Ominto, Inc., parent company of DubLi Network, Founder and CEO, Michael Hansen, with the prestigious 2017 USA Business Executive Award for CEO of the Year.
The magazine published an in-depth interview with Mr. Hansen while characterizing the company as the Leader in Global Online Cash Back Shopping in their May 2017 issue.
The magazine, targeted at the investment community, awarded Mr. Hansen the cover feature story with a photo from the company’s recently successful uplisting to the Nasdaq Capital Market.
The article takes in-depth look at Mr. Hansen’s ongoing ability to innovate within the competitive Cash Back industry. Mr. Hansen provides insights into the many ways in which the company is tackling the B2C and B2B2C market and as well as the company’s new strategies for growth.
Mr. Hansen explains how the success of the company is not only based on the growth within the Cash Back segment but also its internal procedures that set them apart.
When discussing what makes DubLi.com different, he noted,
“Cash Back is a unique business model where the revenue stream is based on a behavior by which consumers are already engaged.
The appeal of the Cash Back value proposition is straightforward: join or sign in, choose your favorite store,
Tag Archive for Ominto
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Ominto Approved For Uplisting To NASDAQ Capital Market
by Ted Nuyten • • 0 Comments
DubLi Network to benefit from Ominto’s NASDAQ listing:
Ominto, the parent company of DubLi Network and the global leader and pioneer in online Cash Back Shopping, announced it has been approved for uplisting to the NASDAQ Capital Market, the world’s largest and most respected stock exchange.
DubLi Network will benefit from Ominto’s NASDAQ listing, which will commence on March 20, 2017.
The company’s shares of common stock will continue to trade under the ticker symbol “OMNT.”
“Our listing on NASDAQ is a major corporate milestone for our company and a testament to the significant progress we have made over the past few years,”
stated Michael Hansen, Founder and CEO of Ominto and DubLi Network.
Ominto will join leading global technology companies on NASDAQ, an exchange with a market value of $10.1 trillion.
Mr. Hansen continued,
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Michael Hansen Named Ominto – DubLi CEO
by Ted Nuyten • • 0 Comments
Ominto, Inc. (OTC PK: OMNT), a global leader in online Cash Back shopping, announced today that Michael Hansen, the company’s Founder, will assume the role of Chief Executive Officer.
Mitch Hill, who has been serving as Interim CEO since January, will continue as an Executive Board member.
Commenting on today’s announcement, Mr. Hill stated,
“I appreciate the opportunity to have served as Ominto’s Interim CEO and I have confidence in the future growth of the company. Having completed our objectives, it is now appropriate for Michael to take on the leadership of the company.
Michael is a global leader with a deep local and cultural understanding of many key markets throughout the world, markets from which we believe much of the company’s future growth will come.”
Mr. Hansen stated,
“I look forward to this new
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Ominto (DubLi) Names Jeff Schuett Executive Vice President
by Ted Nuyten • • 0 Comments
Ominto, Inc. (OTC PINK: OMNT), the global leader in online Cash Back shopping, today announced that Jeff Schuett has been named Executive Vice President of Operations and Solutions Development, reporting directly to Ivan Braiker, Ominto’s President and Chief Executive Officer.
Mr. Schuett will be based in Ominto’s corporate headquarters in Seattle.
Mr. Schuett joins Ominto with more than 20 years’ experience in managing software development, technology strategy, analytics, and collaboration groups and has a proven track record in working with emerging trends. Mr. Schuett was previously Global Chief Technology Officer and Head of Development at Lightspeed GMI, where he built both business-to-consumer (B2C) and business-to-business (B2B) software solutions.
Mr. Schuett has been directly responsible for developing high-quality solutions at some of the world’s most distinguished companies including Allscripts Healthcare, LexisNexis and Thomson Reuters
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DubLi Network Receives ETI Award 2015
by Ted Nuyten • • 0 Comments
DubLi Network, the world’s largest ecommerce direct selling company and network for Cash Back shopping, today announced that it has been awarded the Network-Karriere ETI Award for Expansion-Technology-Innovation.
Presented at the annual DubLi Summit 2015 for Independent Business Associates and partners, the prestigious award recognizes companies who are demonstrating exceptional innovation in technology and are making dynamic strides within the network marketing and direct selling industry.
“DubLi Network uniquely understands how tomorrow’s online and mobile technologies are transforming the traditional network marketing and direct selling business model, and they continue to be an exciting company to watch, delivering a standout performance within the industry,” said Bernd Seitz, Publisher for Network-Karriere, Europe’s leading Network Marketing magazine.
“I have been particularly impressed by all of the new innovation being showcased at DubLi Summit 2015, where
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Ominto, Formerly DubLi, Establishes New Board Of Directors
by Tina Williams • • 0 Comments
Ominto, Inc. (OTC PINK: OMNT), the global leader in online Cash Back shopping, today announced that it has established a Board of Advisors to provide strategic direction for the growing global company.
These six industry veterans, including Michael Lohner, Enoch Palmer, Ajay Pahwa, Bill Flury, Stephan Little and Brad Thatcher, will serve as ongoing advisors to the company’s management team and Board of Directors.
“The individuals making up the Board of Advisors have decades of combined experience and valuable insight in working for a variety of business growth and operational disciplines that directly affect Ominto,” said Ivan Braiker, Ominto’s President and CEO.
“In putting together this group of talented individuals, we saw an opportunity to build a qualified team of experienced leaders who are experts in specific skill sets that will help our company
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Ominto Moves Headquarters To Dublin, Ireland
by Tina Williams • • 0 Comments
Ominto, Inc. (OTC PINK: OMNT), the global leader in online Cash Back shopping, today announced that it is establishing its new European headquarters in Dublin, Ireland. The move comes on the heels of the company’s recently announced new corporate headquarters in Bellevue, WA.
“Ireland offers one of the more attractive business locations in the world,” said Ivan Braiker, President and CEO of Ominto. “Ominto will benefit from the country’s thriving entrepreneurial environment and its educated, English speaking workforce that is known throughout the world to be highly skilled in technology and service roles as well as corporate tax management.”
Ireland is currently home to the European headquarters of:
9 out of 10 of the world’s leading technology and internet companies
8 out of 10 leading online gaming companies and platforms
8 out of 10 of the world’s leading pharmaceutical companies
15 of
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Ominto, Inc. Reports 3rd Quarter Fiscal 2015 With A 337% Increase In Revenue
by Tina Williams • • 0 Comments
Ominto, Inc. (OTC PINK: OMNT), the global leader in online Cash Back shopping, today reported fiscal 2015 financial results for the three months and nine months ended June 30, 2015.
For the three months ended June 30, 2015, revenues increased approximately 337% to $4.8 million over the $1.1 million reported in the same three month period of 2014. The loss from continuing operations in the three months ended June 30, 2015 and 2014 were approximately $1.3 million and $1.5 million, respectively. At June 30, 2015, the Company had deferred fee revenues of approximately $12.6 million, substantially all of which will be recognized as revenues during fiscal years 2015 and 2016.
For the nine months ended June 30, 2015, revenues were $13.4 million compared to $3.5 million as reported in the same period of fiscal 2014, an
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DubLi Appoints New Board Of Directors, Appoints Chairman, And New Name
by Tina Williams • • 0 Comments
DubLi, Inc. (otc pink:DUBL), a global Cashback rewards and value-based travel, shopping and entertainment platform, today announced the appointment of six new Directors and a new Chairman of the Board. The new appointments made by DubLi’s majority shareholder expand the Board to seven members, of which five will be independent Directors.
The new Board will be seated approximately 20 calendar days after mailing of information statement to all stockholders in accordance with SEC regulations. Also, the Company is changing its corporate name from DubLi, Inc. to Ominto, Inc.
“I am pleased to announce the appointment of a world class board of seasoned leaders to support our global business plans,” said Michael Hansen, DubLi’s President and Chief Executive Officer and majority shareholder. “The new board brings together highly complementary skill sets of strategic capital