Today, DoMark International announced that it has acquired approximately 20% of the equity capital of Zaktek Ltd. through the purchase of 100% of the equity capital of South Hill Ltd. Zaktek owns a patent applied for product in the name of PhonePad Plus.
The first PhonePad Plus products are expected to be launched in the UK market sometime next month by a major UK retail store chain. Inserting a smartphone into the PhonePad enables the unit to operate as a standalone tablet in all aspects, utilizing a 10:1 inch HD screen with additional 3/4G Plus Wi-Fi. The first PhonePad will be compatible with the latest Samsung models, and further models will be announced in due course.
Notably, the PhonePad is offered at a substantially lower price than any competitively sized tablet, yet offers consumers the same capabilities and performance values as purchasing a standalone tablet. Consumers will now in the future be able to upgrade their smartphone without needing to upgrade to a new tablet, sign a new contract, or purchase a new Sim card.
For more information on the PhonePad Plus, please go to phonepadplus.com
Andy Ritchie, CEO of DoMark, said, "This Agreement is part of our continuing program to build a base of mobile related investments particularly related to mobile games. The market for tablet in-game purchases are now almost three times higher than for smartphones. 69% of tablet owners play games with 31% purchasing in-game virtual goods, a recent study by Magid has shown. Tablets are now emerging as a huge gaming platform with greater games usage than smartphones, even though smartphone gaming use alone is showing a 50% year on year increase." Andy Ritchie continued, "We are excited about the PhonePad prospects which is eminently equipped for the massive tablet market place worldwide as a cost saving device."
"The PhonePad Plus product is in the right place at the right time and fits in well with DoMark's expanding range of multi use integrated smartphone and tablet accessories, in areas in which we are pro-actively seeking to increase our stakeholdings," Ritchie added. "We expect to release news of further stakeholder acquisitions shortly."
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