BOCA RATON, FL--(Marketwired - May 15, 2013) - DubLi, Inc. (
DubLi's UK Online Shopping Mall has initially launched with over 500 online stores and expects to increase this significantly throughout the balance of 2013. Included in the launch were among the most popular brands from High Street and online shopping including Hamley's, House of Fraser, Dorothy Perkins, Debenhams, Marks & Spencer, Zalando, Nike and Laura Ashley. The UK Mall also includes a wide variety of vouchers, promotions and special deals now available to UK consumers.
The UK market is the sixth largest national economy in the world by GDP and the second largest in Europe, making it a natural extension for DubLi's global expansion strategy. DubLi also announced today that it expects to launch its Cashback Travel Portal to serve the UK market shortly. The combination of its successful Cashback Shopping Mall portal coupled with its Cashback Travel Portal will position DubLi as a powerful player in the important UK market.
Commenting on today's announcement, Michael Hansen, President and Chief Executive Officer, stated, "British shoppers make 13.5% of their purchases online, higher than 7.1% in Germany, 5% in the US and 6.6% in the world's most wired nation, South Korea. Cashback Shopping is an established business model in the UK with several million active members participating in this type of shopping regularly. With the online mall, coupled with world class travel portal, we believe that we can offer a superior experience in this market and quickly become the dominant player over time."
Mr. Hansen continued, "We continue to experience great enthusiasm of the DubLi Shopping Malls around the world as a result of our generous Cashback offered to free customers in addition to the significant additional Cashback we provide through the Premium and V.I.P. Member packages. We believe DubLi's products and services -- DubLi Travel, DubLi Shopping, DubLi Entertainment and DubLi Media -- offer an unparalleled combination for the already active online UK consumer."
According to research from the Boston Consulting Group online shopping in the UK contributes to a larger share of GDP than any of the other Group of 20 nations. The digital economy grew at a rate of 10.9% a year in the UK, higher than the average of 8.1% across the Group of 20 nations. Online shopping represented 8.3% of the UK's GDP in 2010 and is expected to almost double by 2016.
About DubLi, Inc.:
DubLi, Inc. (
Additional information about the Company is available in its filing with the Securities and Exchange Commission at www.sec.gov.
Except for historical matters contained herein, statements made in this press release are forward-looking. Without limiting the generality of the foregoing, words such as "may," "will," "to," "plan," "expect," "believe," "anticipate," "intend," "could," "would," "estimate," or "continue" or the negative other variations thereof or comparable terminology are intended to identify forward-looking statements.
Investors and others are cautioned that a variety of factors, including certain risks, may affect our business and cause actual results to differ materially from those set forth in the forward-looking statements. These risk factors include, without limitation, the risk of (i) an inability to establish and/or maintain a large, growing base of productive business associates; (ii) an inability to develop and/or maintain brand awareness for our products and services; (iii) a failure to adapt to technological change; (iv) a failure to comply with governmental laws and regulations applicable to our business; and (v) a failure to maintain our internal controls. The Company is also subject to the risks and uncertainties described in its filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended September 30, 2011.
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