New Faces, New Opportunities at DoMark
Since May, DoMark International, Inc. (OTCBB: DOMK), a company engaged in a business strategy of acquiring, managing and deploying assets to its majority-owned public entities, has made three appointments of auspicious note to its lineup.
Dr. Louis Cornacchia III, MD, President and CEO of Doctations, Inc. (www.doctations.com) joined the DoMark Board of Directors in early May. He is a graduate of Columbia College and NYU School of Medicine and is a board-certified neurosurgeon with a practice in Nassau County, New York.
Doctations’ suite of Rich Internet Applications allows physicians and other healthcare providers to seamlessly collaborate, connect and network with patients, other clinicians, office staff and specialists — anywhere in the world — to optimize efficiency and quality of medical care. Making medical records electronically accessible to healthcare providers is a major step forward for the American healthcare industry, and the recent Economic Stimulus package is expected to assist with the transition.
June saw the appointment of more new talent to DoMark’s already talented pool: J. Scott Fabling has been appointed Chief Information Officer, and Terry Carlson has been appointed to the board of directors.
Mr. Fabling brings over 30 years of professional experience to DoMark. Specializing in the application of innovative technologies, Mr. Fabling has extensive Program Management experience, having led hundreds of projects across a wide range of industries, including: aero-space, medical, professional services, manufacturing, telecommunications, transportation, legal, research, sports, entertainment radio, television, finance, banking, data processing, security, and defense.
The most recent addition to DoMark’s board of directors, Mr. Terry Carlson has spent 25 years in the consumer goods industry and is a seasoned executive, having managed some of the best known brands and businesses. He recently served as CEO of a large division of Jarden Corporation, Pure Fishing, Inc. Mr. Carlson’s career started at Black & Decker, where over a 12-year period, he held many assignments advancing from Sales to Director of Marketing and ultimately into General Management. Other senior management roles include Vice President and General Manager of North America for the Polaroid Corporation and Sr. Vice President and Corporate Officer for an Emerson/Bosch joint venture, Vermont American.
DoMark’s business strategy of acquiring undervalued, profitable private firms in the segments of sports, technology, medical, energy and business services by providing financial and human capital is paying off. The Company completed two acquisitions in April and May including Motivation Advantage, a corporate travel incentive company; and Victory Lane, an exclusive Lifestyle Development property of 3,000 acres near Savannah, Georgia.
Revenues for the three months ended February 28, 2009 were $1.7 million, an 8.52% increase over the prior quarter ending November 30, 2008 and an 89.9% increase year-over-year. Gross profit margin increased to 23.14% compared to 19.98% for the same three-month period in 2008. The Company sustains a low debt/equity ratio through the restructuring of debt when assets are purchased, thus building shareholders’ equity.











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