Ominto, Inc. (OTCMKTS:OMNT) Files An 8-K Financial Statements and Exhibits
Item 9.01(b)of Form 8-K. Except as otherwise noted below, all
other information in the Initial Form 8-K and Amendment No. 1
remains unchanged.
Item 8.01. Other Information.
As previously reported, Ominto acquired 40.02% of the outstanding
shares of common stock of Lani Pixels in exchange for (i) an
aggregate of 2,428,571 shares of Omintos common stock, (ii)
$500,000 in cash and (iii) a promissory note in the principal
amount of $4,000. Additionally, Ominto entered into a voting
agreement with a stockholder of Lani Pixels, to which Ominto has
the right to vote 10% of the outstanding shares of common stock
of Lani Pixels.
Lani Pixels was founded in 2005 by Kim Pagel and his son Thomas
with the goal of producing feature-length, animated films to tell
exceptional stories. Kim Pagel, CEO of Lani Pixels, has enjoyed a
long and distinguished career creating and producing animated
film content, including 18 years as the Lead Design Manager with
the LEGO Group. Lani Pixels previously produced several animated
projects for the LEGO Group, one of which The LEGO Story
won the Gold Award for animation at the Cannes Media and
Television Awards in 2012. Lani Pixels has offices in Dubai,
Denmark and Los Angeles.
Presently, Lani Pixels is producing its first feature-length,
3D-animated film. The film has a theme of family unity and
courage in the face of adversity, and is expected to be released
in the fall of 2019. Thomas Pagel will serve as producer of the
project, along with Jason Mirch who will serve as co-producer.
Verit Entertainments, Ren Veilleux and Donald Roman Lopez, are
associate producers on the project. Lani Pixels is actively
seeking to raise additional capital through the issuance of debt
and equity to finance the film.
Ominto envisions using this film and other films to be produced
in the future as a marketing channel for certain of Omintos
products and services. Additionally, Ominto plans to utilize Lani
Pixels as a strategic content partner as it further develops its
capabilities as a marketing services company. For example, Ominto
is working with Lani Pixels to develop animated videos to assist
in the training and quality control of its independent business
associates. Similarly, Lani Pixels is creating promotional videos
to help Ominto advertise its products and services.
FORWARD-LOOKING STATEMENTS
This Amendment, including the Exhibits attached hereto, contains
forward-looking statements and information within the meaning of
Section27A of the Securities Act of 1933, as amended (the
Securities Act), and Section21E of the Securities Exchange
Act of 1934, as amended (the Exchange Act), which are
subject to the safe harbor created by those sections. These
forward-looking statements include, but are not limited to,
statements concerning Omintos strategy, future operations, future
financial position, future revenues, projected costs, prospects
and plans and objectives of management. The words anticipates,
believes, estimates, expects, intends, may, plans, projects,
will, would and similar expressions are intended to identify
forward-looking statements, although not all forward-looking
statements contain these identifying words. Ominto may not
actually achieve the plans, intentions or expectations disclosed
in our forward-looking statements and you should not place undue
reliance on our forward-looking statements. These forward-looking
statements involve known and unknown risks and uncertainties that
could cause our actual results, performance or achievements to
differ materially from those expressed or implied by the
forward-looking statements, including, without limitation, the
risks set forth from time to time in Omintos filings with the
SEC. Readers of this information are cautioned not to place undue
reliance on forward-looking statements contained herein, which
speak only as of the date stated, or if no date is stated, as of
the date of this Current Report. Ominto undertakes no obligation
to publicly update or revise the forward-looking statements
contained herein to reflect changes events or circumstances after
the date of this release, unless required by law.
Item9.01. Financial Statements and Exhibits.
| (a) | Financial Statements of Business Acquired. |
Lani Pixels audited consolidated financial statements as of and
for the years ended December 31, 2016 and 2015 are filed as
Exhibit 99.1 hereto and incorporated herein by reference.
(d) Exhibits.
|
Exhibit Number |
Description | |
| 99.1 |
Audited Consolidated Financial Statements of Lani Pixels A/S for the Years Ended December 31, 2016 and 2015. |
Ominto, Inc. ExhibitEX-99.1 2 f8k121316a1ex99i_omintoinc.htm LANI PIXELS A/S CONSOLIDATED FINANCIAL STATEMENTS Exhibit 99.1 LANI PIXELS A/S C o n s o l i d a t e d F i n a n c i a l S t a t e m e n t s December 31,…To view the full exhibit click here About Ominto, Inc. (OTCMKTS:OMNT)
Ominto, Inc. (Ominto), formerly DubLi, Inc., is engaged in online cash back shopping. The Company’s shopping portal serves customers in approximately 100 countries. Using its consumer-adaptive e-commerce sites, shoppers are linked and can browse third party Websites with different categories of products, which Websites feature, including international and local brands, travel, coupons, discounts and vouchers. The Company offers its product and service lines in the E-Commerce and Memberships segment, which includes business license fees, membership subscription fees and commission income, and advertising and marketing programs. The Company has adapted its Cash Back platform to serve over 10 international markets in approximately 10 languages and currencies. Its Websites feature various regional and international brands, including Amazon.com, Zalando, Groupon and Expedia. Its e-commerce platform allows consumers to shop at online stores and earn cash back with each purchase.