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Ominto Names Jeff Schuett Executive Vice President

MLM News November 3, 2015

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Ominto, Inc. (OTC PINK: OMNT), the global leader in online Cash Back shopping, today announced that Jeff Schuett has been named Executive Vice President of Operations and Solutions Development, reporting directly to Ivan Braiker, Ominto’s President and Chief Executive Officer.

Mr. Schuett will be based in Ominto’s corporate headquarters in Seattle.

Mr. Schuett joins Ominto with more than 20 years’ experience in managing software development, technology strategy, analytics, and collaboration groups and has a proven track record in working with emerging trends. Mr. Schuett was previously Global Chief Technology Officer and Head of Development at Lightspeed GMI, where he built both business-to-consumer (B2C) and business-to-business (B2B) software solutions.

Mr. Schuett has been directly responsible for developing high-quality solutions at some of the world’s most distinguished companies including Allscripts Healthcare, LexisNexis and Thomson Reuters Elite. His technology and development roles include managing large international teams in a variety of business disciplines including SaaS, on-premise, hosted, content management, analytics, mobile and search.

Mr. Schuett has broad operations experience including tenure at both VantageMed and AVST and services expertise from his previous positions at NEC and Trintech among others. Mr. Schuett is highly regarded for his unique combination of technical expertise, business acumen, communication and relationship-building skills as well as his career-long history of delivering high-quality solutions and in exceeding revenue, profitability, and client satisfaction objectives.

“Jeff brings to Ominto a deep understanding of building and deploying Commercial Software, Search, Content Management, and Productivity tools, and in executing successful IT strategies in a diverse variety of industry sectors,” said Mr. Braiker. “He has enjoyed a long career of developing software systems and solutions and contributed to building world-class organizations. Furthermore, Jeff’s significant experience in technology operations has spanned the globe with companies or partners in North America, South America, EMEA, India and Asia-Pacific. We welcome him to the Ominto team and look forward to his contributions.”

Ominto will include a global commerce technology platform that enables shoppers to earn Cash Back on all of their online purchases. Ominto.com will be the technology platform behind the Ominto Partner Program, which will operate co-branded and white label sites on behalf of global businesses and non-profit partners. Powered by Ominto.com, these sites will act as powerful fundraising platforms for Ominto Partners, helping them diversify their revenue streams while building loyalty among shoppers, employees, investors and donors who earn Cash Back on everyday purchases.

Partnering with thousands of the world’s leading shopping and travel brands, Ominto.com will provide members with a Cash Back earning platform for online purchases from their favorite shopping sites – without changing everyday shopping habits.

For more information, please visit Ominto’s corporate website http://inc.ominto.com.

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