SOURCE: Ominto, Inc.

Ominto, Inc.

July 31, 2015 06:00 ET

Ominto Names Nickolas Sharp Chief Technology Officer

Leading Ecommerce Engineer to Drive Digital Innovation Behind Global Cash Back and Value-Based Shopping Platform

FORT LAUDERDALE, FL--(Marketwired - Jul 31, 2015) - Ominto, Inc. (OTC PINK: OMNT), the global leader in online Cash Back shopping, today announced the appointment of Nickolas Sharp as Chief Technology Officer. Mr. Sharp will drive digital innovation and development at Ominto, which delivers Cash Back, discounts and access to retail and travel deals through its network of shopping platforms and partner sites in more than 120 countries. He will report to Ivan Braiker, President and CEO of Ominto, and will be based in Portland, Oregon, where Ominto has established an IT development hub.

"Nickolas is not only an outstanding technology engineer, but he is also a strong leader and creator who has been instrumental in driving cutting edge enhancements to our rapidly growing Cash Back technology platform," said Mr. Braiker. "We are pleased to welcome Nickolas to this role and have already made significant progress by leveraging his IT expertise and vision for an unrivaled global Cash Back experience."

Mr. Sharp was named Ominto's VP of Engineering in December 2014. He previously served as Tech Lead for Nike's Consumer Digital Technology division, developing APIs and internal services and offerings. Prior to that, he was Technical Team Lead over web applications and APIs at Jive Communications, enhancing and supporting solutions in the realm of desktop, mobile, web based communication clients. Mr. Sharp also has extensive experience in the ecommerce industry, having developed the coupon integration feed for, and helping to build

"With its cutting-edge web platforms and technologies, Ominto has become a leader in online Cash Back shopping, helping smart shoppers save time and money and enabling business and non-profits to drive additional revenue streams," said Mr. Sharp. "I am pleased to be a member of the Ominto team and look forward to helping expand its shopping platforms that scale and operate globally."

In September, Ominto will launch, its new online shopping platform that empowers shoppers to earn Cash Back on all of their online purchases. The platform is designed to offer a personalized experience to each user by delivering customized coupons, deals and offers that are based on their interests and shopping activity. will also support the Ominto Partner Program, which will operate white label sites on behalf of global businesses and co-branded sites for local and regional non-profit partners. Powered by, these sites will act as powerful fundraising platforms for Ominto Partners, helping them to diversify their revenue streams while building loyalty among shoppers, employees, investors and donors who earn Cash Back on everyday purchases.

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About Ominto, Inc.
Ominto, Inc. is a global ecommerce leader and pioneer of online Cash Back shopping, delivering value-based shopping and travel deals through its international network of shopping websites and Partner sites. At, or at Partner sites powered by, consumers will shop at their favorite stores, save with the best coupons and deals, and earn Cash Back with each purchase. will feature 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 Partner will offer a customized co-branded version of the 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.

Forward-looking Statements
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 Ominto'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. 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: our ability to successfully obtain consumer and/or market acceptance of our membership Cash Back 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 Ominto's ability to manage its growth, including accurately planning and forecasting its financial results; the competitive environment for Ominto's business; Ominto'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; Ominto's ability to manage international business uncertainties; 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, 2014.

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