Boca Raton, FL (PRWEB) March 27, 2012
Internet Retailing has announced in a recent article, written by Chloe Rigby, that European online retail sales are expected to grow by 12 percent by 2016. DubLi, an international online shopping community that connects consumers to thousands of brands within its expansive shopping mall, hopes to play a key role in the virtual expansion of many of the most popular names in retail.
Rigby quotes a recent report that states, "The days when just having a web shop was enough to guarantee sales are gone. As wallet share shifts online and a tight overall economic climate persists, retailers will increasingly view the Web as a source of key strategic growth." A majority of retail stores have already established successful online shopping options. Once e-commerce began to grow, these stores took advantage of the Internet's ability to connect them with consumers across the country. This opened up a new market, one that caters to online shoppers while expanding sales opportunities for retailers. But with the online shopping arena already well-developed, how are these stores to further expand in an increasingly globalized world? The answer lies in international sales.
International sales have been hindered by many factors, most notably access to international shoppers. To address this issue, DubLi has created a new opportunity for retailers looking to expand their clientele. DubLi has created a one-of-a-kind global shopping mall that links to stores based in the United States and the United Kingdom. Each of these retailers ships to international locations, ranging between 25 and 214 individual countries, based upon corporate shipping policies. By identifying IP addresses, DubLi has created a system that only shows online shoppers the products that can be shipped to their countries. DubLi knows that merchants are looking to expand their operations by securing global market share. DubLi's Global Mallserves as a vehicle through which this objective can be attained, allowing retailers to access international consumers.
"The Global Shopping Mall has unique features that benefit our global customers and US and UK-based merchants looking to extend their reach to an even greater consumer shopping base," stated President and Chief Executive Officer, Michael Hansen, "one of which we are very proud. As e-commerce continues to evolve, we intend to usher in the next era of consumerism."
MediaNet Group Technologies, Inc. (OTCQB: MEDG), 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. Via its DubLi.com website, it also creates tremendous opportunities by helping entrepreneurs both small and big create network marketing organizations by joining Dublinetwork.com. MediaNet Group Technologies' main focus is to provide consumers around the world with the highest online value for their shopping and entertainment opportunities. The foundation of MediaNet Group 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 MediaNet Group 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. MediaNet Group 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 http://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 improve 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.