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OLB
OLB Group Inc
0.9599
0.0199 (2.12%)
Volume: 126,603
Day Range: 0.9167 - 1.0299
Last Trade Time: 7:39:24 PM EDT
OLB
OLB Group Inc
0.91
0.0183 (2.05%)
Volume: 250,717
Day Range: 0.865 - 0.9799
Last Trade Time: 7:26:17 PM EDT
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Aegis Capital has a $3.00 12-mo. price target on OLB and a "Buy" rating.
OLB Group to Acquire Controlling Interest in black011.com Platform to Provide Open Access to Approximately 31,600 Retail Locations
9:30 am ET June 15, 2023 (Accesswire)
Acquisition Offers Distribution and Point-of-Sale Merchant Services and Digital Products to Bodega and Convenience Store Sector
NEW YORK, NY / ACCESSWIRE June 15, 2023 / The OLB Group, Inc. (NASDAQ:OLB), a leading FinTech provider of Fintech, digital assets and payment solutions, purchased 80.1% of the parent, LLC, will enable OLB Group to focus on the underbanked communities utilizing the SDI platform following the purchase of the majority interest. Adding the SDI network to its offerings will enables OLB Group to provide the owners of the merchant locations the ability to reload cash to their account and provide instant access to digital products to their customers' Mobile App and digital wallet into its electronic portal.
OLB Group plans to market to the SDI network, which currently has approximately 31,600 locations in the USA, the ability of having one POS system that will allow the retail customer to purchase products and reload their mobile phone minutes.
Ronny Yakov, CEO of OLB Group, said, "After the initial expansion of the SDI network into the New York, New Jersey, Connecticut tri-state area, OLB Group's initial goal is to sign up 1,000 new targeted prime locations, including convenience stores and ‘bodegas', especially those locations near mass transit stations, with OLB Group as the full-service point of sale provider."
OLB plans to re-brand the platform and make it part of the OLB Payment Platform and ECO Payment system and offer additional services to compliment the store owners from instant loans and services to their network of customers.
Jeff Jorgge, Vice President of Sales at OLB Group, recently joined OLB Group to lead this project of selling the product offerings in the SDI Network to small convenience stores and "bodegas" nationwide, is uniquely qualified given his 15 years of industry experience and has done similar work with several major companies.
Mr. Jorgge stated, "I have been involved in indirect channel distribution for the past 15 years in the New York, New Jersey and Connecticut area and am very excited about all the additional unique services that OLB will bring to the merchants on the SDI network.The OLB Group applications of in-store and on-mobile online App and will help to bridge the digital divide for the unbanked, underbanked, and underserviced population."
OLB Group will offer additional products and programs to the list of services to be offered to the store owners, including wallets with instant credit loaded based on approvals, issuing loans and a prepaid General Purpose Reloadable (GPR) program supporting the SDI wireless brands (Black Wireless and Mango Mobile) with a rebate program that will enable SDI to subsidize some of their current wireless programs through its master distributors and dealers.
About The OLB Group, Inc.
The OLB Group, Inc. is a diversified Fintech eCommerce merchant services provider and Bitcoin mining enterprise. The Company's eCommerce platform delivers cloud-based merchant services for a comprehensive digital commerce solution to over 10,500 merchants in all 50 states. DMint, a wholly owned subsidiary of OLB Group, is engaged in the mining of Bitcoin in a facility in Tennessee utilizing sustainable hydroelectric and solar power.
For more information about The OLB Group, please visit https://www.olb.com
Safe Harbor Statement
All statements from The OLB Group, Inc. in this news release that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to, statements concerning the impact of COVID-19 on our operations and financial condition, our ability to implement our proprietary merchant boarding and CRM system and to roll out our Omni Commerce and SecurePay applications, including payment methods, to our current merchants and the integration of our secure payment gateway with our crowdfunding platform, our ability to successfully launch a cryptocurrency mining operation and our ability to earn revenue from the new operations. While the Company's management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of our control, that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include statements regarding the expected revenue and income for operations to be generated by The OLB Group, Inc. For other factors that may cause our actual results to differ from those that are expected, see the information under the caption "Risk Factors" in the Company's most recent Form 10-K and 10-Q filings, and amendments thereto, as well as other public filings with the SEC since such date. The Company operates in a rapidly changing and competitive environment, and new risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. The Company disclaims any intention to, and undertakes no obligation to, update or revise any forward-looking statement.
Contacts
OLB Group Investor Relations
Rick Lutz
ir@OLB.com
(212) 278-0900 Ext. 333
SOURCE: The OLB Group, Inc.
Comparing that recent medium-term revenue trajectory with the industry's one-year growth forecast of 8.1% shows it's noticeably more attractive.
OLB: Hey, Boss, it's IRONIC that you quipped that you needed some "AIR"!! Which was right at that moment that I, myself, had to come-up for "AIR" in my brand-new (Peloton) "HOT(BlondeChicks)TUB" here in San Diego!! (See ME, below!!)
"Hey, mucho THANKS, Ladies!! I was almost needin' some MOUTH-TO-MOUTH, re-sexualization down there!! Get the JOKE, Girls??!! And hey, thanks for rescue, but next time go easy on my HAIR PIECE!!"
OLB: Was just JOKING!! (And heck, I sure hope that YOUR iHub thematic IMAGES --- wielding all of that WEAPONRY --- is merely for comedic effect too!! If not, then stay AWAY from San Diego with that stuff!!)
funny, but mental
If your posts aren’t only for comedic purposes, you have some serious mental health issues. I hope you get the help you need.
OLB: Reminds me of that very, very, very, unusual line, deep into the movie "JAWS" --- on the BEACH --- when a typical America "Gloria" (wife) inquires of her typical American "Harry" (husband): To wit, "HARRY, WHERE DOES TIME GO??!!"
OLB: I kinda figured that ya just might get a little chuckle, or two, behind THAT one, Boss.
LMFAO. I am in stitches man your hilarious! I need some air! lol
Thanks for that response. They have till November to get compliant however I don't have to tell you or other nice folks on the thread that November will be here in a flash!
EXACTLY!!! Hey, Mr. Vega & WarHammer Dudes, you are BOTH very good judges of Human Character!!! (Heck, I'm in counseling right now!! See ME, below, courtesy of my Shrink's new, "Patient-Cam-Version-2.0"!! I'm the KID, throwing punches!! I'm only 12; see my iHub PROFILE.)
"Hey, here's some traditional WILL SMITH psychoanalysis for your stupid FACE, Doc!!! You Sigmund-Freud-lookin' mutha ducka!!!"
OLB: With that threat of De-Listing, the Firm will surely do whatever is necessary to keep it ABOVE one buck, Boss.
$OLB far from done buddy :)
He’s out as in pumped and flipped out
“Out” for the weekend, not out of the stock, right?
OLB: I'm OUT!!! Nice one!! (See MY 'Chart', below!!)
OLB: No problem!! (Got a little late day HOPE here, Dude!)
Ronny Yakov, CEO of OLB Group, said, "Once we have completed our stand-alone audit of DMint, we can proceed with the planned spinoff of that subsidiary to OLB shareholders.”
OLB: SOMETHING is happening, BEHIND the scenes as they say --- Benzinga did a curious article about this puppy a few days ago (click below).
https://www.benzinga.com/trading-ideas/long-ideas/23/06/32776735/top-3-financial-stocks-which-could-rescue-your-portfolio-this-month
Really very sweet here!
Do you see a squeeze of this, or just expiring warrants?
OLD: All of my clown stuff aside, they just filed some (interesting) Forms; check-it-out:
https://investorplace.com/2023/06/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-tuesday-june-13th/
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https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&ref=317559096&type=PDF&symbol=OLB&cdn=47d5b0171fe4d66d057ad9167819becf&companyName=The+OLB+Group%2C+Inc.&formType=4&formDescription=Statement+of+changes+in+beneficial+ownership+of+securities&dateFiled=2023-06-12
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OLD: YEP!! And THANKS for that, Bro!! (It wants to bust-out, but MM's pull it back.)
52-week range is .566 - $2.50. OLB has traded well above $5 in last 2 years, and above $12.00 in the last 3 years or so. In other words, this ticker has a history of surging up huge at times.
Heading back from whence it came before the Form 4 PR - $0.62
Hard to tell with this very high volume compared to normal, but someone is getting out. Trading range this morning has been .76 - $1.01. Some were paying upwards of $1.40 AH last evening. The crazy part here is that the share structure here is very low at only 15.2 million shares, and reported volume here today is already 8.33 million shares. Suspect there is interest here due to the low share structure and absence of any real debt to speak of other than payables.
Looks like everyone is getting out?
Considering it was up over 100% yesterday AH
Who knows.
Tons of chatter on reddit about OLB and looks like everyone getting in this am. But still not up where OLB was trading AH last evening. Perhaps OLB is the new meme stock?
Could this be the cause of the bounce?
wow right on <> OLB
OLB Group Inc
1.15
0.5372 (87.66%)
Volume: 4,218,589
Day Range: 0.6102 - 0.70
Bid: 1.14
Ask: 1.15
Last Trade Time: 7:59:59 PM EDT
Total Trades: 18,188
OLB: Ignore my previous post!!! (Wrong company!!! SORRY!!!)
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The OLB Group, Inc. (NASDAQ:OLB) is a diversified Fintech e-Commerce provider of merchant services and bitcoin crypto mining company. The Company's e-commerce platform delivers cloud-based merchant services for web-based and brick-and-mortar companies for a seamless total digital commerce solution that includes site creation, web hosting, transaction processing and order fulfillment, customer service, outbound marketing, sales reporting, capital raising and a payment facilitator with crypto payment options.
DMint, a wholly owned subsidiary of OLB Group, is launching its Bitcoin mining operations in sustainable data centers (powered by natural gas) with an initial deployment of 1,000 ASIC-based S19j Pro 96T mining computers expected by end of 2021 with plans to increase mining capacity to 24,000 mining machines over the next 24 months.
OLB Group Presentation at HC Wainwright Conference (September 2021)
Journey (ct.events)
Investor information is available at www.olb.com/investors-data
ASIC-based mining computers S19j Pro 96T to come online at DMint net-zero carbon data centers in September; Operation anticipated to generate $1M per month in new 2021 revenue
NEW YORK, September 14, 2021–(BUSINESS WIRE)–The OLB Group, Inc. (NASDAQ: OLB), a provider of cloud-based omnicommerce and payment acceptance solutions for small- and mid-sized merchants, announced that DMint, Inc., a wholly-owned subsidiary of OLB (“DMint”), is deploying its first lot of some one-hundred cryptocurrency mining computers for operation at its newly acquired data centers. The Antminer S19j Pro is specifically configured to mine Bitcoin and is planned to be up and running by the end of September.
“Putting these new mining computers to work is the first step in building out our cryptocurrency mining operations that are expected to grow to serve some one thousand miners by the end of the year,” said Ronny Yakov, OLB Chief Executive Officer. “We recognize the high energy requirements and potential environmental impact of cryptocurrency mining, and DMint’s business plan includes our commitment to utilize green energy sources.”
DMint has secured the natural gas mineral rights necessary to power its current and foreseeable energy needs for mining operations. The company plans to build out capacity to achieve 500 petahash per second while operating 24,000 miners over the next 24 months.
OLB provides omnicommerce business and commerce services to merchants including leading-edge crypto commerce capabilities, eCommerce, back office and kitchen operations, and payment acceptance online, in store, and on mobile devices. Merchants utilizing OLB’s OmniSoft Business Management platform can transact with customers through digital wallets, cryptocurrency wallets, and traditional card-based payment. OLB expects to leverage the DMint mining operations to power expanded crypto commerce services as well as financing, lending, and fundraising designed for smaller businesses.
Merchants interested in implementing crypto commerce or omnicommerce services can set up an OmniSoft account at https://cardaccept.com/#contact
For more information about The OLB Group, please visit www.olb.com or www.olb.com/investors-data.
Future OLB Press Releases and Updates
Interested investors or shareholders can be notified of future Press Releases and Industry Updates by e-mailing investorrelations@OLB.com.
Transaction Volume for First Nine Months was $ 668 Million From 10.2 Million Transactions;
Launches Bitcoin Mining Subsidiary
NEW YORK--(BUSINESS WIRE)--The OLB Group, Inc. ("OLB," “we,” “us,” “our,” or the "Company"), a diversified Fintech eCommerce merchant services provider and Bitcoin crypto mining enterprise, has announced financial results for first quarter ended September 30, 2021.
We are a FinTech company and a payment facilitator that, through our subsidiaries, focuses on a suite of products in the merchant services and payment facilitator verticals. These services include electronic payment processing, cloud-based multi-channel commerce platform solutions for small to medium sized businesses and crowd funding services. The Company is focused on providing these integrated business solutions to merchants throughout the United States through three wholly-owned subsidiaries, eVance, Inc., Omnisoft.io, Inc., and CrowdPay.us, Inc. In the Third Quarter we launched a new wholly owned subsidiary, DMint, which focuses on Bitcoin mining utilizing sustainable power generated from natural gas.
Financial Highlights
For the three months ended September 30, 2021, we had total revenue of $2,823,921 compared to $2,308,037 of revenue for the three months ended September 30, 2020, an increase of $515,884 or 22.3%. We earned $2,680,004 in transaction and processing fees, $32,787 in merchant equipment rental and sales and $111,130 in other revenue during the three months ended September 30, 2021, compared to $2,128,771 in transaction and processing fees, $22,018 in merchant equipment sales and $157,248 in other revenue during the three months ended September 30, 2020.
For the three months ended September 30, 2021, we had processing and servicing costs of $2,223,720 compared to $1,486,257 of processing and servicing costs for the three months ended September 30, 2020. Processing and servicing costs increased by $737,463 or 49.6%.
General and administrative expenses (“G&A”) for the three months ended September 30, 2021 was $904,314 compared to $706,430 for the three months ended September 30, 2020, an increase of $197,884 or 28%. In the current period we had increases of our legal expense of approximately $270,003 relating to business matters. This increase was offset by a decrease of $74,940 related to audit fees and a decrease of $156,843 related to stock-based compensation.
Our net loss for the three months ended September 30, 2021 was ($900,354) compared to ($657,358) for the three months ended September 30, 2020. We had an increase in our net loss of $242,996 for the reasons discussed above.
Adjusted EBITDA for the three months ended September 30, 2021 was ($551,412). This does not take in account onetime expenses in the amount of $467,974 that were incurred in the quarter.
Key Highlights for Third Quarter 2021
To see a complete version of the Company’s Quarterly Report on Form 10-Q please click on the following link:
https://www.sec.gov/Archives/edgar/data/1314196/000121390021058466/0001213900-21-058466-index.htm
For more information about The OLB Group, please visit www.olb.com or www.olb.com/investors-data.
Future OLB Press Releases and Updates
Interested investors or shareholders can be notified of future Press Releases and Industry Updates by e-mailing investorrelations@OLB.com.
About The OLB Group, Inc.
The OLB Group, Inc. is a diversified Fintech eCommerce merchant services provider and Bitcoin crypto mining enterprise. The Company's eCommerce platform delivers cloud-based merchant services for a comprehensive digital commerce solution to over 9,500 merchants in all 50 states. DMint, a wholly owned subsidiary of OLB Group, is engaged in the mining of Bitcoin utilizing sustainable natural gas with an initial deployment of efficient 1,000 ASIC-based S19j Pro 96T mining computers projected by end of 2021. For more information about solutions, services, or to find a reseller, please visit www.olb.com. Investor information is available at www.olb.com/investors-data.
Safe Harbor Statement
All statements from The OLB Group, Inc. in this news release that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to, statements concerning the impact of COVID-19 on our operations and financial condition, our ability to implement our proprietary merchant boarding and CRM system and to roll out our Omni Commerce and SecurePay applications, including payment methods, to our current merchants and the integration of our secure payment gateway with our crowdfunding platform. While the Company’s management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of our control, that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include statements regarding the expected revenue and income for operations to be generated by The OLB Group, Inc. For other factors that may cause our actual results to differ from those that are expected, see the information under the caption “Risk Factors” in the Company’s most recent Form 10-K and 10-Q filings, and amendments thereto, as well as other public filings with the SEC since such date. The Company operates in a rapidly changing and competitive environment, and new risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. The Company disclaims any intention to, and undertakes no obligation to, update or revise any forward-looking statement.
The OLB Group - Investor Relations
InvestorRelations@olb.com
(212) 278-0900 EXT: 333
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