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Ominto, Inc. Appoints Samer Choucair and Troels Andersen to its Board of Directors

Ominto, Inc. (Nasdaq: OMNT), a growth company with global operations in
the e-commerce, marketing, and entertainment industries, today announced
the appointment of Samer Choucair and Troels Andersen to its Board of
Directors effective today.

Mr. Choucair, 40, is currently the VP of CE-Creates, a division of the
Crescent Group that seeks to create and develop innovative businesses
that generate a sustainable social impact and address economic, social,
and environmental challenges, a position he has held since February
2014. Mr. Choucair comes from an entrepreneurial background with more
than 19 years of experience in the start-up space across a variety of
industries, from entertainment to food and beverage, e-commerce, media,
and healthcare in Canada, the UAE, Saudi Arabia, Oman, and Singapore.
Prior to joining Crescent Enterprises in 2014, Mr. Choucair was the COO
of Groupon Middle-East, from 2011 through 2014 where he was instrumental
in building the company to its current leading market position. Prior to
Groupon, Mr. Choucair held various executive leadership roles with Booz
& Co., Spotmedia and Dynacom. Mr. Choucair is a member of several
start-up communities and organizations and provides mentorship on a
personal level as well as through business competitions, universities,
and other organizations such as the Khalifa Fund. He also sits on the
investment committee of Dubai Angel Investors. Mr Choucair earned his
MBA from INSEAD.

Mr. Andersen, 35, is a seasoned entrepreneur with a wide range of global
experience and demonstrated bottom line success with several innovative
initiatives. Mr. Andersen is currently the CEO of Mondo Ride, one of the
leading ride services companies in Africa, a company he founded in 2015.
From 2013 to 2015, he was COO of Advantag, loyalty service provider
based in the UAE. From 2012-2013, Mr. Andersen was COO of Gastrofy,
Sweden’s most promising start-up of 2012, as well as industry icon
Fetchr. Prior to joining Fetchr, he was Vice President – International
of Groupon. He also held a position with Rocket Internet from 2011 –
2012. Earlier in his career, he was accepted into BlackRock’s
prestigious Analyst program in London and prior to that he worked as an
investment analyst for the leading financial consultancy in Denmark. In
his spare time Troels actively invests in innovative companies. Troels
holds a Master of Science in Mathematics and Economics from Copenhagen
Business School.

“We are very pleased to have Samer and Troels join our Board and look
forward to their contributions,” said Michael Hansen, Founder and CEO of
Ominto, Inc. “They are both successful entrepreneurs and innovators who
have considerable experience with e-commerce and understand the nature
and challenges of our global business. Their experience as
entrepreneurs, investors and industry disruptors will be invaluable to
Ominto and to our customers in our global e-commerce environment.”

In connection with today’s announcement, Michael Hansen, the company’s
Founder and CEO, will also assume the role as Chairman of the Board.

The three-member Board will be responsible for all Board-related
committees.

About Ominto, Inc.

Ominto is a growing company with global operations in the e-commerce,
marketing, and entertainment industries. The company owns or invests in
strategic entities that provide value to its global customer base.

Ominto is a pioneer in global Cash Back and first to market in many
regions of the world. At the core of Ominto’s business is Dubli.com, a
global consumer Cash Back e-commerce digital marketplace.
At Dubli.com or at Partner sites powered by Ominto.com, consumers shop
at their favorite stores, save with the best coupons and deals, and earn
Cash Back with each purchase. The Ominto.com website features thousands
of brand name stores and industry-leading travel companies from around
the world, providing Cash Back savings to consumers in more than 120
countries. Ominto’s Partner Programs offer a white label version of
the Ominto.com shopping and travel website to businesses and
non-profits, providing them with a professional, reliable web presence
that builds brand loyalty with their members, customers or constituents
while earning commissions for the organization and Cash Back for
shoppers on each transaction.

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

Forward-looking Statements

This press release contains forward-looking statements that involve
substantial risks and uncertainties. These include statements about
Ominto’s expectations, beliefs, intentions or strategies for the future,
which are indicated by words or phrases such as “anticipate,” “expect,”
“intend,” “plan,” “will,” “believe,” “projects,” “could,” “would,”
“intend” and similar expressions. You can also identify them by the fact
that they do not relate strictly to historical or current facts. The
forward-looking statements reflect Ominto’s current view about future
events and are subject to risks, uncertainties and assumptions. Because
forward-looking statements relate to the future, by their nature, they
are subject to inherent uncertainties, risks, and changes in
circumstances that are difficult to predict. Ominto may not actually
achieve the expectations disclosed in the forward-looking statements and
you should not place undue reliance on Ominto’s forward-looking
statements. These forward-looking statements involve risks and
uncertainties that could cause actual results or events to differ
materially from the expectations disclosed in the forward-looking
statements, including, but not limited to: risks related to Ominto’s
ability to continue as a going concern being in doubt; material
weaknesses in Ominto’s internal controls, Ominto’s inability to generate
enough customers or enough purchasing activity for our shopping
websites; Ominto’s inability to establish and maintain a large growing
base of Business Associates; Ominto’s failure to adapt to technological
change; increased competition; increased operating costs; changes in
legislation applicable to Ominto’s business; material weaknesses in
Ominto’s internal controls; Ominto’s failure to improve our internal
controls; and Ominto’s inability to generate sufficient cash flows from
operations or to secure capital to enable us to maintain our current
operations or support our intended growth; along with other risks and
potential factors that could affect Ominto’s business and financial
results identified in Ominto’s filings with the Securities and Exchange
Commission, including its Annual Report on Form 10-K for the fiscal year
ended September 30, 2016.

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