FORT LAUDERDALE, FL--(Marketwired - Aug 29, 2014) - DubLi, Inc. (PINKSHEETS: DUBL), a global marketing company that provides consumers around the world with a variety of innovative online shopping, travel and entertainment opportunities, today announced that it has engaged Mayer Hoffman McCann P.C. (MHM) as its new independent accounting firm.
Together with its associated entity CBIZ, Inc., MHM is one of the Top Ten accounting providers in the country. CBIZ, with offices in major cities throughout the country, is one of the nation's leading providers of outsourced business services, including accounting and tax, benefits and insurance, and a wide range of consulting services. MHM is an independent public accounting firm specializing in high-quality attest and accounting services, including audits and reviews of public reporting entities. MHM is licensed/permitted to practice in all 50 states and the District of Columbia and has approximately 300 shareholders in more than 30 offices throughout the United States. As a national firm, MHM provides clients with stability and access to extensive resources -- all with first-rate responsiveness and personal attention. MHM is a member of Kreston International, the 13th largest accounting network in the world, with a presence in 108 countries with 186 firms providing a resource of over 20,000 professional and support staff. Kreston has offices in both Germany and Dubai where DubLi has local operating offices.
Commenting on today's appointment, Eric Nelson, Chief Financial Officer of DubLi, stated, "When commencing our search for a new firm, we sought to find a team that was not only international in scale and scope but also provided expertise in SEC reporting in the technology space with advanced knowledge of revenue recognition who could help guide us to the most suitable accounting methodologies. MHM was a natural selection. Their service philosophy is one of open and constant communication, a proactive and responsive approach and value-added services and we look forward to our new partnership with them."
About DubLi, Inc.:
DubLi provides Cashback rewards and value-based travel, shopping and entertainment portals to online customers all over the world through DubLi.com. DubLi is a consumer-focused company, where the customers' needs always come first. At DubLi.com, we believe consumers shop at the same stores they shop normally, find the best deals and then earn Cashback with each purchase. DubLi features thousands of brand name stores, industry-leading travel companies from around the world along with insurance, financial services and telecommunications. DubLi, Inc. also offers entrepreneurs the opportunity to create their own distributor organizations by joining DubLi Network (Dublinetwork.com). The worldwide network of Business Associates who form DubLi Network, the sales and marketing engine for DubLi.com, generates traffic to DubLi.com by using direct selling to market a variety of memberships and packages. DubLi Partner (Dublipartner.com) offers a co-branded version of its DubLi.com platform that gives participating organizations a professional and reliable web presence while providing access to DubLi's global online Cashback travel, shopping and entertainment site.
DubLi is emerging as a leading provider of innovative travel, shopping, and entertainment solutions to consumers in more than 100 countries. DubLi, Inc. was founded in 2003 and is headquartered in Fort Lauderdale, Florida.
This document contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical facts, included in this press release regarding DubLi's strategy, future operations, future financial positions, prospects, plans and objectives of management are forward-looking statements. Without limiting the generality of the foregoing, words such as "may," "will," "to," "plan," "expect," "believe," "anticipate," "intend," "could," "would," "estimate," "target" or "continue" and similar expressions (or the negative of these terms) are intended to identify forward-looking statements. These forward statements include, among other things, statements about management's estimates regarding future revenues and financial performance and other statements about management's beliefs, intentions or goals. DubLi may not actually achieve the expectations disclosed in the forward-looking statements and you should not place undue reliance on DubLi'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: our ability to successfully obtain consumer and/or market acceptance of our membership Cashback program; the ability to attract customers who purchase through our website; our ability to obtain additional funding and/or generate sufficient working capital to fund our operations; the ability to establish and/or maintain a large growing base of productive business associates; the ability to develop and/or maintain our growing partner programs; the ability to obtain and maintain digital coupon content on our website; the risks related to DubLi's ability to manage its growth, including accurately planning and forecasting its financial results; the competitive environment for DubLi's business; DubLi's ability to protect consumer data and our intellectual property; the ability to adapt to mobile and technological change; the need to manage regulatory, tax and litigations risk; DubLi's ability to manage international business uncertainties; along with other risks and potential factors that could affect DubLi's business and financial results identified in DubLi's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended September 30, 2012.