Ominto Inc (OTCMKTS:OMNT) Forms Board of Advisors

Ominto Inc (OTCMKTS:OMNT) the global pioneer firm in online cash back shopping, reported the establishment of a Board of Advisors to offer strategic direction for the budding global company. The new team of advisors includes six industry veterans, including Bill Flury, Stephan Little, Brad Thatcher, Michael Lohner, Enoch Palmer and Ajay Pahwa. They will serve as advisors to the company’s Board of Directors and management team.

The management view

Ivan Braiker, the CEO and President of Ominto, said that the veterans forming the Board of Advisors have years of experience and valuable insight in serving for numerous operational disciplines and business growth plans that directly affect company. In putting together this group of experienced and talented people, the company witnessed an opportunity to establish a qualified team of experienced pioneers who are experts in certain skill sets that will help Ominto as it continue to grow.

These experts have made noteworthy contributions through strategic advice that is serving company and its customers better, creating partnerships and building value for shareholders. It strengthens Ominto’s global Cash Back portal and linked Partner Programs.

The team

Lohner is an accomplished entrepreneur and chief executive with a remarkable track record of leading and developing successful growth plans in a diverse set of businesses. As of now, he is an active chairman of Stella & Dot. Palmer, a Founding Associate of Case Agency, began his design career establishing the renowned surf magazine in Hawaii.

Pahwa served as the CEO of DRx Clinic and Kaya Skin where he was accountable for positioning DRx and Kaya Skin Clinic in India and global markets as premier brands in the wellness and beauty space. Flury has over 20 years of experience in High Tech including VP of Rolm, IBM, i-Link and Xerox. Little is an acclaimed entrepreneur who has established a multitude of successful ventures in different fields. Thatcher is the CEO and Founder of Thatcher+Co.

OMNT

Ominto Inc (OTCMKTS:OMNT) continued its ferocious rally to end the last trading session with a solid gain of 9.82%. A long lower tail raises some questions about the trend momentum at this point but the final closing taking place very close to the day high keeps it intact so far.  The volume of the day surged to 2.3 million, a few times higher than the daily average of 528,000, showing the advent of some investors even at this high level. The stock is close to a short term resistance around $0.20 levels but the major supply area lies in the band of $0.22-$0.23.

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