BOCA RATON, Fla.--(BUSINESS WIRE)--
Ominto, Inc. (Nasdaq: OMNT), a global leader in online Cash Back
shopping, today announced that Matthew Cohen has been appointed General
Counsel. Mr. Cohen will be based in the company's corporate headquarters
in Boca Raton, Florida and report directly to Michael Hansen, Founder
and CEO of Ominto.
Mr. Cohen, 51, will be responsible for the company's legal affairs
globally including corporate governance, SEC compliance, legal risk
management and critical business practices. With over 25 years of
experience, he has successfully guided a wide range of companies through
all stages of their corporate life cycle. Immediately prior to joining
Ominto, Mr. Cohen served as General Counsel to a privately-owned
substance abuse treatment provider. From August 2014 through February
2015, Mr. Cohen served as Executive VP and General Counsel to Stratex
Oil & Gas, Inc. (STTX), a publicly traded oil and natural gas
exploration and production company. Prior to going in-house, Mr. Cohen
was a practicing attorney in several prominent law firms, serving as a
Partner/Shareholder in Buchanan Ingersoll & Rooney PC (2012-2014),
Thompson & Knight LLP (2008-2012) and Eaton & Van Winkle, LLP
(2001-2008). Mr. Cohen graduated with a B.A. from Emory University in
1988 and earned his J.D. from Brooklyn Law School in 1991.
"We are pleased that Matt is joining the Ominto team. His background
spans a broad spectrum of legal areas and he has the depth and breadth
of experience working with both established and emerging growth
companies," said Michael Hansen, Founder and CEO of Ominto. "His
expertise is a great fit for Ominto's business and growth strategies,
particularly, as we continue to penetrate additional global markets."
"Ominto is a diverse business with international reach and ambitious
plans for growth," said Mr. Cohen. "I am looking forward to playing an
active role in Ominto's continued success."
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 commissions 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 press release 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/20170509005422/en/
for Ominto, Inc.
Source: Ominto, Inc.
News Provided by Acquire Media