DubLi, Inc. Launches Online Shopping Mall in Russia
(Marketwire Via Acquire Media NewsEdge) BOCA RATON, FL -- (Marketwired) -- 10/01/13 --
DubLi, Inc. (PINKSHEETS: DUBL), a global marketing company that provides consumers around the world with a variety of innovative online shopping, travel and entertainment opportunities, today announced that it has launched its Cashback Online Shopping Mall in Russia.
DubLi's Russian Cashback Shopping Mall has launched with over 250 online stores and expects to increase the number of participating online stores throughout the balance of 2013. The launch included Russia's biggest ecommerce site, Ozon, as well as other popular Russian and Western European brands such as Yves Rocher, Sotmarket, HomeMe.ru, Otto, Philips, LingaLeo, L'Etoile, Messenger, MTC, Mexx and Groupon RU. The Russian Mall also includes a wide variety of vouchers and promotions that are now available to Russian consumers.
Commenting on today's announcement, Michael Hansen, Founder, President and Chief Executive Officer, stated, "Russia is an important market for DubLi, our growth of both Business Associates and customers exceeds our efforts in many other well developed countries around the world. We are pleased to offer our Russian customers the benefit and advantages of having their own Cashback DubLi Shopping Mall. For several years now, DubLi has been focused on meeting the demands of our growing BA and customer base. Establishing a foundation within the Russian market is an indication of this strategy at work. We are encouraged by the dedication of our BA's in Russia and their ability to expand the DubLi footprint in this important growing global world market. Both travel and shopping are important ecommerce sectors in the Russian market and we believe DubLi's Cashback Travel and Shopping portals are a good fit for Russian consumers."
About DubLi, Inc.:
DubLi provides Cashback rewards and value-based travel, shopping and entertainment portals to online customers all over the world through DubLi.com. DubLi is a consumer-focused company, where the customer's needs always come first. At DubLi.com, we believe consumers shop at the same stores they shop normally, find the best deals and then earn Cashback with each purchase. DubLi features thousands of brand name stores and industry-leading travel companies from around the world. DubLi, Inc. also offers entrepreneurs the opportunity to create their own distributor organizations by joining DubLi Network (Dublinetwork.com). The worldwide network of Business Associates who form DubLi Network, the sales and marketing engine for DubLi.com, generates traffic to DubLi.com by using direct selling to market a variety of memberships and packages. DubLi Partner (Dublipartner.com) offers a co-branded version of its DubLi.com platform that gives participating organizations a professional, reliable web presence while providing access to DubLi's global online Cashback travel, shopping and entertainment site. DubLi is emerging as a leading provider of innovative travel, shopping, and entertainment solutions to consumers in more than 100 countries. DubLi, Inc. was founded in 2003 and is headquartered in Boca Raton, Florida.
This document contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical facts, included in this press release regarding DubLi's strategy, future operations, future financial positions, prospects, plans and objectives of management are forward-looking statements. Without limiting the generality of the foregoing, words such as "may," "will," "to," "plan," "expect," "believe," "anticipate," "intend," "could," "would," "estimate," "target" or "continue" and similar expressions (or the negative of these terms) are intended to identify forward-looking statements. These forward statements include, among other things, statements about management's estimates regarding future revenues and financial performance and other statements about management's beliefs, intentions or goals. DubLi may not actually achieve the expectations disclosed in the forward-looking statements and you should not place undue reliance on DubLi's forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause actual results or events to differ materially from the expectations disclosed in the forward-looking statements, including, but not limited to: our ability to successfully obtain consumer and/or market acceptance of our membership Cashback program; the ability to attract customers who purchase through our website; our ability to obtain additional funding and/or generate sufficient working capital to fund our operations; the ability to establish and/or maintain a large growing base of productive business associates; the ability to develop and/or maintain our growing partner programs; the ability to obtain and maintain digital coupon content on our website; the risks related to DubLi's ability to manage its growth, including accurately planning and forecasting its financial results; the competitive environment for DubLi's business; DubLi's ability to protect consumer data and our intellectual property; the ability to adapt to mobile and technological change; the need to manage regulatory, tax and litigations risk; DubLi's ability to manage international business uncertainties; along with other risks and potential factors that could affect DubLi's business and financial results identified in DubLi's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended September 30, 2011.
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Source: DubLi, Inc.
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