BOCA RATON, Fla.--(BUSINESS WIRE)--
Ominto, Inc. (Nasdaq:OMNT), a global leader in online Cash Back shopping
provided the following statement in response to a recent report
published on the Company.
A report recently published on Ominto includes false and misleading
statements which we believe are aimed at manipulating the Company's
stock. The claims made in the report are meritless. We remain focused on
realizing our business objectives, building on our leadership position
in global Cash Back shopping.
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 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/20170531006132/en/
Source: Ominto, Inc.
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