SEATTLE, WA--(Marketwired - Aug 13, 2015) - Ominto, Inc. (OTC PINK: OMNT), the global leader in online Cash Back shopping, today announced that it has entered into a partnership agreement with Infinia Services & Solutions, a leader in providing payment solutions combined with high performance technology in the Middle East, Africa and South Asia regions, to create the InfiCashBack online shopping portal. Powered by the Ominto Cash Back technology platform, InfiCashBack will launch in September 2015 at InfiCashBack.com and offer Infinia's global customer base Cash Back on every purchase made on the site combined with stackable coupons from the world's leading retailers and travel providers.
"Partnering with thousands of the world's top retail and travel brands, Ominto.com provides Infinia with a platform for our customers to earn Cash Back and stacked savings on their online purchases," said Prashant Khattar, Founder and Managing Director of Infinia. "The InfiCashback e-commerce portal complements Infinia's innovative solution portfolio, and is an exciting addition for our global clients who want to drive consumer loyalty and help their customers become smart shoppers."
Infinia enjoys a global footprint servicing clients in over 37 countries with leading markets being India, Indonesia, Malaysia, Kenya, Nigeria, Ghana, Saudi Arabia, Vietnam and Thailand. InfiCashBack will be offered to all of Infinia's present and future clients around the world -- enabling these businesses and their customers to stack Cash Back savings with coupons and specialized vouchers.
"Infinia is truly the master at building profitable customer relationships in the world's largest and most attractive high-growth markets," said Ivan Braiker, President and CEO of Ominto, Inc. "Combining Ominto's Cash Back loyalty platform with Infinia's depth and breadth of solutions and services creates an extraordinary opportunity to empower shoppers with unprecedented value through Cash Back and very targeted coupons and special offers. Our global merchant community wins by gaining access to some of the most strategic shopping populations in the world through Infinia. We are thrilled to join forces in serving Infinia's clients around the world through the unique InfiCashBack platform."
InfiCashBack adapts to today's universal lifestyle of 'everything online,' increasing customer engagement and the experience of shopping online. InfiCashBack allows members to earn Cash Back for online purchases at their favorite online stores without changing everyday shopping habits.
Through its roster of sizable clients, Infinia reaches over 400 million end consumers who have access to its unique customer management strategies. Infinia provides solutions to clients in the payments, mobile, loyalty management and wallet disciplines, all designed at increasing customer stickiness and improving its clients' customer engagement strategies with rapid tangible results and sustainable returns. The company applies its people expertise, state-of-the-art technology and its unique integrated platform of customer relationship management solutions. As part of its unique loyalty redemption platforms, Infinia has positively impacted the growth of over half a million merchant partners globally in a short span of three years.
About Infinia Services & Solutions
Infinia Services & Solutions is a UAE based loyalty management and payment solutions company with a state-of-the-art integrated suite of technology and mobile application services. It offers complete program management solutions across pre-paid, debit, credit and corporate cards. Infinia provides comprehensive customer relationship management solutions for financial institutions, retailers, telecom providers, and other industry verticals. It is the expert in designing and delivering compelling loyalty propositions that create more profitable customer relationships for each brand.
In a short period of time, Infinia increased its footprint beyond just the UAE, by expanding its presence globally in over 36 countries across the Middle East, Africa, South Asia and the South East Asia regions.
Infinia's online rewards platform offers redemptions across flights on over 900 airlines, 450,000 hotels and 150,000 car rentals as well as a comprehensive global e-commerce platform. To further augment the redemption suite, Infinia has launched InfiSports for sports enthusiasts, InfiCelebs for redemption across celebrity experiences and Infi BillPay to facilitate utility bill payments through the loyalty platform. For more information, visit http://www.infiniasns.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.