Today before the opening bell, DoMark International, a mobile accessory supplier, announced the acquisition of 29% of the equity capital of Imagic Ltd.
Imagic, a private company, has developed a mobile accessory product for use with major smartphone manufacturers. DoMark will share a more detailed description of the product nearer to its launch date later this year in the USA and global markets. This investment was made in a combination of cash and shares totaling a value of $580,000.
DoMark CEO, Andy Ritchie stated, “This is a uniquely innovative product which we believe to have a huge potential appeal to multi-media games players, and improves the user experience while playing games on mobiles and on TV. Mobile content revenues are due to rise from $40 Billion this year to $65 Billion in 2016 of which games form the greater part. This product adheres to DoMark’s investment criteria, in that it is patent pending, mass market, and game changing with excellent sales margins.”
Mr. John Bentley, who has recently joined the Board of Imagic as a director, has accepted an invitation to join the DoMark Board in due course to assist in the liaison between DoMark and Imagic nearer to the time of the launch of the Imagic product. Previously the Chairman of the UK’s largest toy company, Bentley would join DoMark with extensive experience worldwide in media, movies, video, and digital games in listed UK companies he has directed. He was the original creator and instigator of Internet on TV which he developed and launched in the USA nearly two decades ago through a privately held company, Viewcall America, whose business was later sold to a subsidiary of Oracle Corporation Inc.
For more information on DoMark International, visit www.domarkintl.com
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