VIP Lounge Introduces DubLi Travel, Leisure, Local Retail, Dining
Offers and More
BOCA RATON, Fla.--(BUSINESS WIRE)--
Ominto, Inc. (Nasdaq: OMNT), a global leader in online Cash Back
shopping, today announced the launch of the enhanced VIP Lounge, an
exclusive membership package for VIP customers. The VIP Lounge offers a
product and benefit mix unmatched in the global Cash Back industry.
With the launch of this upgraded membership package, the company has
introduced DubLi Travel. DubLi Travel is Ominto's private label travel
search engine, featuring worldwide hotel coverage and listing one of the
largest hotel inventories at more than 15,000 destinations. With
discounts of up to 60% on hotel bookings, DubLi Travel is backed by
leading travel industry hotel accommodation partners, priceline.com,
Booking.com and agoda.com, who have a global presence in North America,
Europe, the Middle East and Asia-Pacific region.
Ominto's new VIP Lounge offers even more ways for members to save on
travel, leisure and entertainment activities, local shopping, dining and
services. VIP Lounge members can save on air travel with 10% discounted
flight vouchers on round-trip flights anywhere in the world. The new VIP
Lounge also offers up to 50% discounts on local retail and dining with
over 400,000 offers available throughout North America.
The VIP Lounge is available to DubLi.com customers worldwide and
includes both global and regional offers to suit the Company's
multi-cultural, multi-regional and diverse customer base.
Michael Hansen, Founder and Chief Executive Officer of Ominto, stated,
"The launch of the new VIP Lounge is consistent with the plans we
announced when our new site was launched last May, to offer our global
customer base a superior shopping and savings opportunity when they shop
at DubLi.com. The VIP Lounge is designed to complement our Cash Back
shopping with deep discounts on travel, leisure, local retail and dining
discounts. We expect the new membership to drive increased VIP member
penetration, which offers strong recurring revenues at solid margins.
The enhanced benefit package included in the VIP Lounge offers thousands
of dollars of value. The leading suite of features are available in one
convenient location for our customers to shop, save and earn Cash Back
making it unnecessary for them to shop anywhere else."
Mr. Hansen continued, "Furthermore, the new VIP Lounge allows members an
extra and unlimited 2% Cash Back on all purchases they make on the site
outside the VIP Lounge as well to withdraw their available Cash Back in
only 45 days. We aren't aware of any faster payouts in the Cash Back
industry. We believe the new VIP Lounge is an extension of the
exceptional value proposition we offer our customers. We will continue
to add a variety of other features over the coming months including up
to 30% discounts at theme parks and leisure attractions worldwide."
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 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 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.
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for Ominto, Inc.
Source: Ominto, Inc.
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