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DoMark Increases Holding in Imagic Ltd. Ahead of SmartLink Global Launch(September 03, 2013)
TORONTO, Sept. 3, 2013 (GLOBE NEWSWIRE) -- DoMark International Inc. (OTCBB:DOMK), the smartphone, tablet, and video gaming accessories company, is pleased to announce that it has increased its holding in Imagic Ltd. to 31% for cash, in a transaction in which Imagic has acquired all of the IP and rights to the Wireless Cartridge Printer (see below). Imagic now has two patent pending products. The SmartLink device connects smartphones and tablets of any make wirelessly to the television set with 100% digital reproduction of movies and games, plus its handheld Smartlink games controller unit. The portable Imagic Cartridge Printer connects wirelessly to smartphone and tablets to produce inkless high resolution digital photographic prints. (see DoMark web site for further details).
The cash injection by DoMark into Imagic enables funding of the tooling of the SmartLink products expected to be completed by end of October for launch late in Q4 of this year and early 2014. The launch of the Imagic wireless photograph printer is expected in Q2 of 2014 and by its unique use of its renewable cartridges is expected to bring in permanent cartridge replacement revenues. Branding and packaging consultants for all products are well in hand to coincide with manufacturers to achieve our targets for the three SmartLink products launch dates.
Andy Ritchie, CEO of DoMark, commented: "I am delighted with the company's progress this year, and I am confident that our family of unique patented or patent pending products are going to revolutionize their marketplace. I expect sales to start to generate strong revenues towards the end of this year and beginning of next year. This year has been one of building confidence commercially and with investors to demonstrate the value of our acquisitions and their products. We expect in the next few weeks to announce a distribution transaction for these products and for our IRCharger product, which has been delayed due to design changes required by our overseas customers."
SmartLink Products - This product allows Smart Phones and Tablets to wirelessly connect Apps of movies or games to the television set with 100% instant reproduction without any fall off in quality or speed of response essential to movie fans and gaming enthusiasts. This essential quality markedly differentiates the SmartLink product against rival products such as the recently announced Google Chrome Dongle which failed in its expectation due to its lack of instant response and reproduction quality. The Smartlink games controller is expected to be ready for marketing at the same time as the SmartLink TV application and will come with ready to use games and movies to enhance its instant sales appeal.
SmartLink Potential Market - The worldwide video games industry is currently valued at 76 billion USD, with mobile being the fastest growing platform. The Smart Phone and tablet markets continues to grow in double digits monthly, with the accessory market for both growing at 50% yearly.
Imagic Printer - This ground breaking photographic printer uniquely does away with the purchase of consumables which are all contained in the easily loaded cartridge containing inkless paper, so obviating the need of ink or dyes or the loading of ribbons. This allows users to print out up to 24 postcard sized photographs, in high resolution, from their smartphone, tablets or digital cameras, immediately at any time and place, without the need to print from PC or use professional retail stores.
Other DoMark Products - These include the DoMark InfraSol IRCharger and Power+ light weight smartphone charger cases for Samsung Galaxy III, S4 and Apple iPhones. These products provide extended battery life in a slimline cover and are due to be available in Q4 this year and are expected to be in popular demand for which order enquiries have been received worldwide. The Zaktek PhonePad + product which allows a smartphone to be converted into a tablet, is due for launch by the UK's largest mobile retail store chain this week, initially for use with Samsung mobile phones. (www.phonepadplus.com) Barefoot Science our patented FDA approved foot insole product sales continues to grow after the division has been restructured, receiving an order this week from one of Canada's largest pharmacy retailers Shoppers Drugmart. DoMark's 15% investment in Barefoot Science was acquired by the Company in 2012 and is now for sale due to the Company's strategy in 2013 to concentrate on products in the fast growing mobile accessory market.
About DoMark International Inc.
DoMark International Inc. is a fully compliant SEC reporting publicly traded consumer electronics company listed on the regulated US OTC Bulletin Board under the symbol DOMK. The Company works with inventors, manufacturers, distributors and retailers, to bring to market globally innovative new smartphone and tablet accessories that can significantly enhance the usage or user experience of a device. Its products are designed to be compatible with all major smartphone and tablet device manufacturers including but not limited to Apple Inc, Samsung, Logitech International and Quantum International. Technology development companies in which DoMark has partnered include Solawerks Inc, Imagic Ltd., Zaktek Ltd and Musclefoot (Barefoot Science). For more information on DoMark and its products, please visit www.domarkcapital.com. OR www.domarkintl.com (site under development).
Important Safe Harbour disclaimer information is available at the following link: http://www.domarkcapital.com.
CONTACT: North America:
Andrew Ritchie - CEO
GTH Communications Limited
+44 20 7822 7493 / +44 7713 341072
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