|By Marketwired .||
|September 18, 2013 07:19 AM EDT||
BOCA RATON, FL -- (Marketwired) -- 09/18/13 -- DubLi, Inc.("DubLi") (PINKSHEETS: DUBL), a global marketing company that provides consumers around the world with a variety of innovative online shopping, travel and entertainment opportunities, announced today an update on status of its outstanding SEC filings.
DubLi has announced its intention to file its outstanding Fiscal Year 2012 annual report on Form 10-K and subsequent Fiscal Year 2013 periodic reports on Form 10-Q and annual report on Form 10-K as the reports are completed in its ongoing plan to become compliant with SEC filing requirements. The Company is in the process of engaging additional SEC accounting professionals to assist with the preparation and completion of the outstanding annual and periodic reports. The Company is committed to its current plan of becoming compliant with SEC filing requirements in its continued effort to obtain a listing on The NASDAQ Stock Market.
DubLi also announced today that it has named Jayne Hildreth, CPA, as its Corporate Controller. Ms. Hildreth brings to DubLi more than 15 years of SEC experience preparing and filing Form 10-K, Form 10-Q, Form 8-K and Proxy Statements. Her experience includes restoring companies to current filer status due to restatements and other accounting issues. Before joining DubLi, Ms. Hildreth held various corporate controller, director of financial reporting and accounting positions with a variety of publicly held companies traded on NASDAQ. Ms. Hildreth earned an MS in Accounting from Florida International University and holds a Florida CPA designation.
About DubLi, Inc.:
DubLi provides Cashback rewards and value-based travel, shopping and entertainment portals to online customers all over the world through DubLi.com. DubLi is a consumer-focused company, where the customer's needs always come first. At DubLi.com, we believe consumers shop at the same stores they shop normally, find the best deals and then earn Cashback with each purchase. DubLi features thousands of brand name stores and industry-leading travel companies from around the world. DubLi, Inc. also offers entrepreneurs the opportunity to create their own distributor organizations by joining DubLi Network (Dublinetwork.com). The worldwide network of Business Associates who form DubLi Network, the sales and marketing engine for DubLi.com, generates traffic to DubLi.com by using direct selling to market a variety of memberships and packages. DubLi Partner (Dublipartner.com) offers a co-branded version of its DubLi.com platform that gives participating organizations a professional, reliable web presence while providing access to DubLi's global online Cashback travel, shopping and entertainment site. DubLi is emerging as a leading provider of innovative travel, shopping, and entertainment solutions to consumers in more than 100 countries. DubLi, Inc. was founded in 2003 and is headquartered in Boca Raton, Florida.
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 DubLi'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. DubLi may not actually achieve the expectations disclosed in the forward-looking statements and you should not place undue reliance on DubLi'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 Cashback 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 its growing partner programs; the ability to obtain and maintain digital coupon content on our website; the risks related to DubLi's ability to manage its growth, including accurately planning and forecasting its financial results; the competitive environment for DubLi's business; DubLi'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; DubLi's ability to manage international business uncertainties; along with other risks and potential factors that could affect DubLi's business and financial results identified in DubLi's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended September 30, 2011.
DubLi, Inc. Contact: