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8-K - CURRENT REPORT - Ominto, Inc.v324474_8k.htm
EX-3.1 - EXHIBIT 3.1 - Ominto, Inc.v324474_ex3-1.htm

 

Exhibit 99.1

 

MediaNet Group Technologies Announces Name Change To DubLi, Inc.

Changes Name To Reflect Growth of DubLi Brand and its Core Business

-To Begin Trading Under The New Ticker Symbol: DUBL-

 

BOCA RATON, FL – September 27, 2012 — MediaNet Group Technologies, Inc. (OTCQB: MEDG), a global marketing company that provides consumers around the world with a variety of innovative, online shopping and entertainment opportunities, today announced that it has changed its name to DubLi, Inc. The Company’s shares will commence trading on the OTCQB, under the new ticker symbol: DUBL on September 27, 2012. The name change reflects the Company’s growing global awareness of the DubLi brand and its innovative Shopping and Entertainment platform.

 

Michael Hansen, Founder, President and Chief Executive Officer of DubLi, Inc. stated “Leveraging a unified DubLi brand will enable us to communicate more effectively with our customers and partners around the world who know us only as DubLi. The DubLi name is synonymous with global, online shopping and entertainment and we intend to further capitalize on this favorable brand position. The DubLi name serves as an umbrella for each of our product concepts and best reflects the nature and direction of the Company’s growth and future development.”

 

About DubLi, Inc.:

 

DubLi, Inc. (OTCQB: DUBL) (formerly MediaNet Group Technologies, Inc.; OTCQB: MEDG), through its wholly-owned subsidiaries under the DubLi brand addresses consumer needs both online and offline through innovative engagement models, as well as virtual shopping experiences. Through its DubLi.com website, the company also creates tremendous opportunities by helping entrepreneurs both large and small create micro-distributor organizations by joining Dublinetwork.com.  DubLi’s main focus is to provide consumers around the world with the highest online value for their shopping and entertainment opportunities.  The foundation of DubLi was built upon an innovative business concept, a global presence and a consumer-centric business model that seeks to capitalize on global economic trends and changing consumer behaviors.  The central hub of the DubLi, Inc. universe is DubLi.com, a comprehensive online shopping and entertainment community.  DubLi Network is the sales and marketing engine for DubLi.com that is driven by a marketing network of Business Associates who use word-of-mouth advertising, the most effective form of direct selling, to sell a variety of memberships and packages that generate traffic to DubLi.com.  DubLi Partner offers a white-label version of its DubLi.com platform giving participating organizations a professional, reliable web presence while providing access to DubLi’s global online shopping and entertainment community.  BSP Rewards, also known as DubLi Shopping, is responsible for the management and operations of DubLi’s Shopping Mall platforms around the world.  DubLi is emerging as a leading provider of innovative shopping and entertainment solutions to consumers in over 100 countries.

 

Additional information about the Company is available in its filing with the Securities and Exchange Commission at www.sec.gov.

 

Except for historical matters contained herein, statements made in this press release are forward-looking. Without limiting the generality of the foregoing, words such as "may," "will," "to," "plan," "expect," "believe," "anticipate," "intend," "could," "would," "estimate," or "continue" or the negative other variations thereof or comparable terminology are intended to identify forward-looking statements.

 

Investors and others are cautioned that a variety of factors, including certain risks, may affect our business and cause actual results to differ materially from those set forth in the forward-looking statements. These risk factors include, without limitation, the risk of (i) an inability to establish and/or maintain a large, growing base of productive business associates; (ii) an inability to develop and/or maintain brand awareness for our online auctions; (iii) a failure to maintain the competitive bidding environment for our online auctions; (iv) a failure to adapt to technological change; (v) a failure to comply with governmental laws and regulations applicable to our business; and (vi) a failure to maintain our internal controls. The Company is also subject to the risks and uncertainties described in its filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended September 30, 2011.

 

Contacts:

 

MediaNet Group Technologies Contact:

Stefanie Kitzes

stefanie@medianetgroup.com
561-417-1500