SOURCE: Ominto, Inc.

Ominto, Inc.

August 05, 2015 06:00 ET

Ominto Relocates Global Headquarters to Seattle

Global Leader in Cash Back Rewards to Leverage Region's Commitment to Innovation and Technology

SEATTLE, WA--(Marketwired - Aug 5, 2015) - Ominto, Inc. (OTC PINK: OMNT), the global leader in online Cash Back shopping, today announced that it is relocating its corporate headquarters to Seattle, Washington. In a move spurred by Ominto's rapid expansion and global reach, the company's leadership team chose Seattle in recognition of its reputation as a thriving technology business hub.

"Due to its quality of life and rich talent pool, Seattle has become a powerful epicenter for pioneering companies in e-commerce, digital innovation and technology," said Ivan Braiker, CEO and President of Ominto, Inc. "We believe Seattle is an ideal setting to establish our new global headquarters, which will support us as we aggressively pursue the next stage of growth for our robust and fast-expanding Cash Back rewards platform." 

Ominto, Inc.'s executive team, including CEO Ivan Braiker and CFO Thomas Virgin, will lead the Seattle-based office, which relocates Ominto's headquarters from Ft. Lauderdale, Florida. The Seattle location will serve as Ominto's primary international corporate headquarters for senior management.

"With both a new headquarters and a new name that reflects our growth and business opportunities, Seattle will give our highly capable management team a launching pad to embrace growth opportunities, access potential business partners and continue to educate consumers on the value of the Ominto shopping platform," said Mr. Braiker. "As our business grows, we are equally committed to nurturing our talent pool and our new facility will inspire our dynamic work environment as we continue to develop and expand as a team."

Ominto will include Ominto.com, an online shopping platform set to launch in September that enables shoppers to earn Cash Back on all of their online purchases. Ominto.com will also support the Ominto Partner Program, which will operate co-branded sites on behalf of global businesses and non-profit partners. Powered by Ominto.com, these sites will act as powerful fundraising platforms for Ominto Partners, helping them diversify their revenue streams while building loyalty among shoppers, employees, investors and donors who earn Cash Back on everyday purchases.

Partnering with thousands of the world's leading shopping and travel brands, Ominto.com will provide members with a Cash Back earning platform for online purchases from their favorite sites -- without changing everyday shopping habits.

For more information, please visit http://inc.ominto.com

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, Ominto.com or at Partner sites powered by Ominto.com, consumers will shop at their favorite stores, save with the best coupons and deals, and earn Cash Back with each purchase. Ominto.com 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 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.

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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