BOCA RATON, Fla.--(BUSINESS WIRE)--
Ominto, Inc. (Nasdaq: OMNT), a global leader in online Cash Back
shopping, today announced that Raoul Quijada has been promoted to Chief
Financial Officer from Interim Chief Financial Officer, effective March
Mr. Quijada joined the company in June 2016 with over 20 years of
experience, bringing with him a significant record of leadership from
several Fortune 500 Companies. Mr. Quijada started his career at Price
Waterhouse Coopers LLP. Immediately prior to joining the company, Mr.
Quijada worked at Afligo Marketing Services, Inc. a division of Systemax
Inc. (NYSE: SYX) a Fortune 600 company, where he served as Senior VP of
Finance and Operations and was responsible for leading the functions of
financial management and strategic planning as well as operations.
"We are fortunate to have found an executive of the highest caliber with
global experience to join Ominto. He has been a great contributor to our
team and was instrumental in the application process and our approval in
uplisting to Nasdaq," stated Michael Hansen, Founder and CEO of Ominto.
"We are excited to have him join our management team permanently and
look forward to his future with our company."
From 2005 through 2007, Mr. Quijada was the Senior Director of Finance
at Newell Rubbermaid, the Director of Strategic Planning & Analysis from
2003 to 2005, and the Director of Finance-LAC Division from 1998 to
2003. As a Certified Six Sigma Black Belt and proficient in the Six
Sigma/Lean Principles, Mr. Quijada has used his expertise in Operational
Excellence to lead several initiatives to increase efficiencies through
the implementation of different mechanisms designed to improve core
processes and measure operational effectiveness. Mr. Quijada attended
New York University and Concordia University with a double major in
Business Administration & Finance and holds a Master of Business
Administration from the University of St. Thomas - Graduate School of
Business in Minneapolis MN, and a Certificate of Professional
Achievement in Leadership & Management from the Kellogg School of
Management - Evanston, IL.
About Ominto, Inc.
Ominto, Inc. is a global e-commerce leader and pioneer of online Cash
Back shopping delivering value-based shopping and travel deals through
its primary shopping platform, DubLi.com and affiliated Partner Program
websites. At DubLi.com or at Partner sites powered by Ominto.com,
consumers shop at their favorite stores, save with the best coupons and
deals, and earn Cash Back with each purchase. The Ominto.com platform
features thousands of brand name stores and industry-leading travel
companies from around the world, providing Cash Back savings to
consumers in more than 120 countries. Ominto's Partner Programs offer a
white-label or co-branded version of the Ominto.com shopping and travel
platform to businesses and non-profits, providing them with a
professional, reliable web presence that builds brand loyalty with their
members, customers or constituents while earning commission for the
organization and Cash Back for shoppers on each transaction.
For more information, please visit Ominto's corporate website http://inc.ominto.com.
This document contains forward-looking statements that involve
substantial risks and uncertainties. These include statements about
Ominto's expectations, beliefs, intentions or strategies for the future,
which are indicated by words or phrases such as "anticipate," "expect,"
"intend," "plan," "will," "believe," "projects," "could," "would," and
similar expressions. You can also identify them by the fact that they do
not relate strictly to historical or current facts. The forward-looking
statements reflect Ominto's current view about future events and are
subject to risks, uncertainties and assumptions. Because forward-looking
statements relate to the future, by their nature, they are subject to
inherent uncertainties, risks, and changes in circumstances that are
difficult to predict. Ominto may not actually achieve the expectations
disclosed in the forward-looking statements and you should not place
undue reliance on Ominto'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: risks related to our ability to continue as a going
concern being in doubt; Ominto's inability to generate enough customers
or enough purchasing activity for our shopping websites; Ominto's
inability to establish and maintain a large growing base of Business
Associates; Ominto's failure to adapt to technological change; increased
competition; increased operating costs; changes in legislation
applicable to Ominto's business; Ominto's failure to improve our
internal controls; and Ominto's inability to generate sufficient cash
flows from operations or to secure capital to enable us to maintain our
current operations or support our intended growth; along with other
risks and potential factors that could affect Ominto's business and
financial results identified in Ominto's filings with the Securities and
Exchange Commission, including its Annual Report on Form 10-K for the
fiscal year ended September 30, 2016.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170331005425/en/
Sloane & Company
Josh Hochberg, 212-446-1892
Source: Ominto, Inc.
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