Last $0.27 USD
Change Today -0.0115 / -4.09%
Volume 578.3K
DUBL On Other Exchanges
As of 8:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

dubli inc (DUBL) Snapshot

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08/18/14 - $0.35
52 Week Low
05/23/14 - $0.06
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dubli inc (DUBL) Details

DubLi, Inc., through its subsidiaries, provides Cashback rewards and value-based travel, shopping, and entertainment portals to online customers, through, worldwide. The company’s, which features various brand name stores and travel companies, enables consumers shop, find the deals, and then earn Cashback with each purchase. It also operates DubLi Network ( that offers the entrepreneurs an opportunity to create their own distributor organizations. In addition, the company offers DubLi Partner (, a co-branded version of the platform that gives participating organizations a Web presence while providing access to DubLi's online Cashback travel, shopping, and entertainment site. DubLi, Inc. offers its travel, shopping, and entertainment solutions in approximately 100 countries. The company was formerly known as MediaNet Group Technologies, Inc. and changed its name to DubLi, Inc. in September 2012. DubLi, Inc. was founded in 2003 and is headquartered in Boca Raton, Florida.

29 Employees
Last Reported Date: 08/26/14
Founded in 2003

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dubli inc (DUBL) Key Developments

DubLi, Inc. Appoints Mayer Hoffman Mccann P.C. as its New Independent Registered Public Accounting Firm in Place of Cherry Bekaert LLP

On August 26, 2014, DubLi, Inc. appointed Mayer Hoffman McCann P.C. as its new independent registered public accounting firm for the company's fiscal year ended September 30, 2013, effective immediately. The decision to appoint Mayer Hoffman McCann was made and approved by the Audit Committee of the company's Board of Directors. Mayer Hoffman McCann succeeds Cherry Bekaert LLP as the company's independent registered public accounting firm.

DubLi, Inc. Enters into Amendment and Restatement of Revolving Loan Agreement with Michael Hansen

DubLi, Inc. entered into a revolving loan agreement with Michael Hansen, the company’s President and Chief Executive Officer, who is also the controlling stockholder. The unsecured promissory note is for a maximum of $3 million which may be drawn as needed by the company. Interest is calculated at 6% per annum from the date of the amount drawn and all principal and interest is due and payable in full on December 31, 2015. On August 27, 2014, the company entered into an amendment and restatement of the revolving loan agreement with Michael Hansen whereby the maximum amount available under the loan agreement was increased by $2 million, for an aggregate amount of up to $5 million. All the other existing terms of the note remained unchanged in the amended note. As of August 28, 2014, the company’s borrowings under the amended note totaled $1.5 million.

Dubli, Inc. Announces Cherry Bekaert LLP Not Stand for Re-Appointment as Auditor

On April 7, 2014, Cherry Bekaert, LLP (Cherry Bekaert), an independent registered public accounting firm, gave verbal notice to DubLi, Inc. that Cherry Bekaert will not stand for re-appointment to be the Company's independent registered public accounting firm for the fiscal year ended September 30, 2013. Cherry Bekaert will continue its role as the Company's independent registered public accounting firm for the fiscal year ended September 30, 2012. Cherry Bekaert will complete the audit of the financial statements as of and for the fiscal year ended September 30, 2012 at which point their engagement will cease, and has not and will not perform any services for the Company with respect to any fiscal period after September 30, 2012.


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