SOURCE: Domark International, Inc.

April 15, 2009 16:11 ET

DoMark International, Inc. Reports Third Quarter Financial Results

ORLANDO, FL--(Marketwire - April 15, 2009) - DoMark International, Inc. (OTCBB: DOMK) announced today that it has filed its 10-Q for the third quarter ended February 28, 2009.

Revenues for the third quarter were $1,711,774, an 8.52% increase over the prior quarter ending 11-30-08. Gross profit margin was 23.13% at $396,071. Net loss was $129,574, primarily due to increased compliance cost and an increase in marketing and personnel costs for the quarter.

For the nine months ending 2-28-09, Revenues were $5,484,590, which included a gain on the sale of a subsidiary of $292,868 and other income of $255,879, which was a 21.55% increase over the prior nine month period ending 2-28-08. Gross margin was 19.08% at $942,106. Net income was $225,828 or $.01 a share.

At 2-28-09, the Company had $3,389,409 in current assets, with total assets of $22,887,002 and total liabilities of $1,385,762.

Shareholder equity at 2-28-09 was $21,501,240, a 105% increase in shareholder equity of $11,018,375 over the period ending 5-31-08 and an increase of $7,696,186 or 55.74% over the quarter ending 11-30-08.

During the quarter ending 2-28-09, the Company improved its debt to shareholder equity ratio to .064 from the prior quarter ending 11-30-08 ratio of .10.

DoMark International's CEO R. Thomas Kidd commented, "I am pleased with the financial performance of our business units in this down economy. Our company has worked hard to execute on its strategies for the last nine months and we look forward to continuing our efforts toward the further growth of our business in 2009."

About DoMark International, Inc.

DoMark International, Inc., www.domarkinternational.com, is traded under the symbol DOMK on the OTC Bulletin Board and is engaged in a business strategy of acquiring private and public entities, and then managing and deploying assets as well as shared services to its majority owned entities in Technology, Medicine, Business Services, Sports, and Alternative Energy. Currently DoMark owns Javaco, Inc. www.javacoinc.com and www.shopjavaco.com, Crowley and Company Advertising www.crowleyadvertising.com, Emerging Growth Advisors www.egadvisors.com, Executive Sports and Entertainment www.ese-global.com and ECFO Corporation www.ecfocorp.com. DoMark also recently formed MedQuest, Inc. for purposes of effecting acquisitions in the medical sector. DoMark also holds an exclusive license to produce, manage and market made for Television Golf Championships to be launched late 2009 and early 2010.

Forward-Looking Statements

The statements contained in this news release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbors created thereby. Forward-looking statements deal with the Company's current plans, intentions, beliefs and expectations. Investors are cautioned that all forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed from time to time in reports filed by the Company with the Securities and Exchange Commission.

Contact Information

  • CONTACT:
    Rich Inza
    1-866-965-3665