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DubLi, Inc. Names Eric Nelson Chief Financial Officer Strengthens Senior Management Team With New Chief Technology Officer and New Chief Product Officer


© Marketwire 2013

(PR-inside.com 28.02.2013 12:07:24)

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BOCA RATON, FL -- (Marketwire) -- 02/28/13 -- DubLi, Inc. (PINKSHEETS: DUBL), a global marketing company that provides consumers around the world with a variety of innovative, online shopping and entertainment opportunities, today announced that it has strengthened its senior management team with the appointments of Eric Nelson to Chief Financial Officer, Ricardo "Rick" Daglio to Chief Technology Officer and Thomas Sikora to Chief Product Officer.



Having served as a consultant to DubLi since November 2012, Mr. Nelson joins DubLi as Chief Financial Officer, following an extensive career as a financial expert. He is a partner with the Southern Florida practice of The SCA Group, LLC., a premier solution provider for board advisory and consulting services for companies ranging from private/small businesses to billion dollar public corporations, a position he has held since 2008. In 2011 and 2012, Mr. Nelson was the Acquisition Advisor for The Legacy Companies and in 2009 through 2012, Turnaround Specialist for Promise Healthcare and Success Healthcare. Earlier in his career, Mr. Nelson was CFO/Turnaround Specialist for public company QSGI and CEO/Restructuring Officer for Gibraltar Metals. In 2007, Mr. Nelson was partner, turnaround professional and on the board of directors to six portfolio companies in private equity firm Sun Capital Partners. Prior to Sun, from 2000 to 2002, Mr. Nelson served as controller and then from 2003 to 2006 as CFO for West Marine, a $750 million retail public company and is credited with securing four credit facilities, negotiating, purchasing and integrating several companies, implementing Sarbanes Oxley, increasing stock analyst count from three to ten, and led profit improvement resulting in record earnings. Previous to West Marine, Nelson has served as CFO in manufacturer Dental Components, Inc., distributor Fluid-Air Components and retail company Etcetera. Mr. Nelson started his career with the May Department Stores where he held several financial and operational positions. Nelson specializes in operational and financial leadership, turnarounds, mergers & acquisitions, raising capital and CFO mentoring in public as well as private companies. Nelson holds a BS in accounting and economics from Portland State University and has taken advanced business training from UCLA Anderson School of Management, Wharton, Purdue, Northwestern and Loyola. Mr. Nelson is a Certified Director in NASDAQ, a Certified Turnaround Professional, a Certified Mergers and Acquisitions Advisor and a Certified Financial and Valuation Modeler.





Michael Hansen, Founder, President and Chief Executive Officer of DubLi, Inc., stated, "We are thrilled to have attracted someone of Eric's caliber and credentials to DubLi. Eric brings to DubLi a skill set second to none which will be beneficial as we execute on our next phase of growth and development and move closer to pursuing a NASDAQ listing. His vast experience with companies of our size and stature coupled with his knowledge of the capital markets make Eric the right fit for DubLi. We are excited about the opportunity to join our management team and to his contributions."



Rick Daglio joined DubLi in March 2011 as Director of Information Technology and Business Continuity where he has been responsible for managing all IT related functions as well as establishing an IT governance process that meets SEC, government and financial regulations. Prior to joining DubLi, from 1995-2004, Mr. Daglio advised Fortune 500 companies worldwide in infrastructure development projects, and assumed a key role at Microsoft's Consulting Services division, which was that of a direct advisor for the CIOs of those companies. Mr. Daglio left Microsoft in 2004 to become Vice-President and CIO of Quest Management, one of the largest privately held behavioral health companies in North Central Florida. In the summer of 2006, Mr. Daglio left Quest Management and moved his family to Colorado, where he took a yearlong sabbatical to focus on his family and then joined Colorado Springs Christian Schools working on special projects and helping the school with the implementation and design of new technologies. He studied Industrial Engineering at Texas A&M University.



Thomas Sikora joined DubLi in August 2012 as Product Manager for DubLi.com. Mr. Sikora is the founder and Chief Executive Officer of NetZone Media GmbH, a German consulting firm specializing in E-Commerce, Online Marketing, Development and Operation of Internet Portals, Online Stores and Professional Websites, Search Engine Marketing and Search Engine Optimization, a position he has held since 2008. From 2004-2007, Mr. Sikora was an Independent Management and Marketing Consulting advising a variety of companies with Management Strategies, Tactics and Analysis, Business Plan Development, Finance and Controlling, Internet Strategies and Development, Online Marketing and related Online avenues. From time to time, Mr. Sikora provided Interim Management support to his clients. From 2003-2004, Mr. Sikora was Chief Executive Officer of Costa24 Estates, S.L. in Marbella, Spain where he was responsible for the firm's Spanish Real Estate clients, including Online Marketing, Development of Real Estate Internet Portals and online reputation management and customer acquisition. From 1990-2002, Mr. Sikora held positions of increasing responsibility with Siko Containerhandel GmbH, a member company of Touax S.A. of France, most recently as Chief Executive Officer of both Siko Polska, the Company's Polish division and the parent company, Siko Containerhandel GmbH, Hamburg. At the same time he was the Chief Representative with full power of attorney for Gold Container GmbH, Hamburg, also a member of Touax Group, France. Earlier in his career, Mr. Sikora held various positions related to import/export, purchasing, sales and logistics management. He completed in-firm training and vocational studies at Emil Weingartner u. Co KG in Hamburg, Germany where he earned his Certification in Wholesale and Foreign Trade. From 1988-1989, he completed a work/study program in Management and Marketing of the Carl Duisberg Society at the University of Evansville, Evansville, Indiana. Mr. Sikora is a graduate of Commercial College in Hamburg, Germany.



Mr. Hansen continued, "Since joining DubLi, both Rick and Thomas have demonstrated their expertise, creative management styles and superior ability to execute in their respective roles. Rick has strengthened DubLi's IT Department, particularly as it relates to financial preparedness and moving the company closer to Sarbanes Oxley compliance. He was the natural selection to assume the helm of DubLi's global IT and programming department as CTO. Thomas brought to DubLi an extensive history of building and developing E-Commerce websites and Internet Portals. These credentials coupled with his unique approach to online marketing and customer acquisition make him the ideal candidate to manage DubLi.com's growth and development going forward."



About DubLi, Inc.:



DubLi, Inc. (PINKSHEETS: DUBL) (formerly MediaNet Group Technologies, Inc.), through its wholly-owned subsidiaries under the DubLi brand, addresses consumer needs both online and offline through innovative engagement models, as well as virtual shopping experiences. Through its DubLi.com website, the company also creates tremendous opportunities by helping entrepreneurs both large and small create micro-distributor organizations by joining Dublinetwork.com. DubLi's main focus is to provide consumers around the world with a great online value for their shopping and entertainment opportunities. The foundation of DubLi was built upon an innovative business concept, a global presence and a consumer-centric business model that seeks to capitalize on global economic trends and changing consumer behaviors. The central hub of the DubLi, Inc. universe is DubLi.com, a comprehensive online shopping and entertainment community. DubLi Network is the sales and marketing engine for DubLi.com that is driven by a marketing network of Business Associates who use word-of-mouth advertising, the most effective form of direct selling, to sell a variety of memberships and packages that generate traffic to DubLi.com. DubLi Partner offers a white-label version of its DubLi.com platform giving participating organizations a professional, reliable web presence while providing access to DubLi's global online shopping and entertainment community. BSP Rewards, also known as DubLi Shopping, is responsible for the management and operations of DubLi's Shopping Mall platforms around the world. DubLi is emerging as a leading provider of innovative shopping and entertainment solutions to consumers in over 100 countries.



Additional information about the Company is available in its filing with the Securities and Exchange Commission at www.sec.gov : .



Except for historical matters contained herein, statements made in this press release are forward-looking. Without limiting the generality of the foregoing, words such as "may," "will," "to," "plan," "expect," "believe," "anticipate," "intend," "could," "would," "estimate," or "continue" or the negative other variations thereof or comparable terminology are intended to identify forward-looking statements.



Investors and others are cautioned that a variety of factors, including certain risks, may affect our business and cause actual results to differ materially from those set forth in the forward-looking statements. These risk factors include, without limitation, the risk of (i) an inability to establish and/or maintain a large, growing base of productive business associates; (ii) an inability to develop and/or maintain brand awareness for our online auctions; (iii) a failure to maintain the competitive bidding environment for our online auctions; (iv) a failure to adapt to technological change; (v) a failure to comply with governmental laws and regulations applicable to our business; and (vi) a failure to maintain our internal controls. The Company is also subject to the risks and uncertainties described in its 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:
Eric Nelson
enelson@dublicorp.com :
561-417-1500

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