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The Conference identifies companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long-term growth.

MIAMI, Aug. 31, 2021 (GLOBE NEWSWIRE) -- EmergingGrowth.com a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth Companies and Markets announces the Schedule of the 15th Emerging Growth Conference.

"I am very pleased to report the implementation of the DoGetGo app with JUTA Montego Bay continues to be a resounding success," said Mark Vanterpool, President and CEO of OMHI.

"Once we gain greater traction in Jamaica, we will use our success here as a model for the rollout of DoGetGo across the Caribbean. On the British Virgin Islands, the combination of DoGetGo with our two OneMart superstores, our Builders Depot store and our convenience stores gives BVI residents and visitors the widest array of goods and services at the best prices with the only true contactless delivery in the country. We expect the expansion of DoGetGo in tandem with the construction and operation of new stores beyond BVI."

"The biggest problem now is COVID-19, but it is forcing the entire country to get digital, and this makes the DoGetGo app a true game-changer, nonetheless we must work with the planning committee and the government to ensure that we can introduce this to the wider membership in a safe way amid government imposed COVID-19 gathering restrictions," said Simon Lawrence, President of JUTA.

"Our 10 members who were able to preview the driver's app and the control center were fascinated, excited, and even gave it a thumbs up, as they know the world is going in this direction and don't want to be left behind," said Simon Lawrence, President of JUTA.

With its new technology subsidiary, Rydeum Caribbean, Inc., and its new stores, the nine months ended May 31, 2021, has seen the largest expansion program in company history. Management anticipates increased revenue from these activities by the end of 2021.

Mr. Vanterpool added. "We believe there are huge opportunities for our company ["OM Holdings International Inc. "] in the Caribbean, and the larger we become the better able we are to take advantage of economies of scale and use our buying power to continually bring lower-priced goods and services to the communities where we do business. This increased buying power also means we can make our product mix more diverse and provide our customers with products heretofore unavailable in the region."

THIRD QUARTER/NINE MONTHS RESULTS

The company's nine months sales performance compared to fiscal year ended August 31, 2020, was lower by 4% despite the negative effects of Covid-19 pandemic on the economy during the nine months reporting period. The third quarter reflected less than 1% difference. This demonstrates the resilient nature of the business even during such a pandemic.

For the third quarter ended May 31, 2021, sales revenue reached $7,361,292 as compared to $7,421,909 for the same prior year period; for the nine months ended May 31, 2021, revenue reached $20,629,528 as compared to $21,493,749 for the same prior year period.

The net Income for nine months which exceeded $1 million, reflected a 5% decrease over the previous year because of the COVID pandemic effect.

For the nine months ended May 31, 2021, shares were 47,101,422, as compared to 44,400,596 the same prior year period.

During the nine months ended May 31, 2021, OMHI announced the construction of two new stores in the British Virgin Islands; in addition to these new stores, management is considering four additional sites for new superstores. With its new technology subsidiary, Rydeum Caribbean, Inc., and its new stores, the nine months ended May 31, 2021, has seen the largest expansion program in company history. Management anticipates increased revenue from these activities by the end of the fiscal 2022.

"OM Holdings, Inc. combines the strength of a leading Caribbean retail store with a highly experienced management team, and we expect to significantly expand and grow the company over the next few years," said Mark Vanterpool, Chairman of OM Holdings.

"With construction underway our management team is aggressively looking for several additional sites in the Caribbean to build comparable stores. Prior to the virus, BVI alone had 400,000 visitors who stayed an average of seven days; coupled with a population of 50,000 permanent residents, this makes BVI very attractive for growth."

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"I think the OM Holdings business model is outstanding and exactly what the Caribbean needs, both for its residents and visitors," said Bob Barbieri.

He also served as VP and CFO at Apogee, a $1 billion+ NASDAQ glass coatings and service technologies company, and as Controller at Air Products, a $10 billion public company. Mr. Barbieri is a board member of the Investment Committee of Ascension St. Thomas Healthcare. He earned his MBA in Finance/Corporate Strategy and his BS in Accounting at Drexel University

Mr. Barbieri is a Partner at TechCXO and was Senior EVP and CFO Operations and Performance Officer at Lawson Software, where he positioned the firm as the world's third-largest public ERP company; he led Lawson through its IPO process, which achieved more than $2 billion in valuation.

"The growth potential of this story, which combines a decentralized B2C Local On-Demand Technology (LODE-TECH) Platform with a bricks-and-mortar operation, is unlimited. I look forward to opening the new stores, and I am confident with the help of this stellar management team that we will develop and implement an expansion plan that takes OMHI across the Caribbean."

OMHI completed its first acquisition, Rydeum Caribbean, its new technology subsidiary, and completed its first contract, with Jamaica's largest taxi union. Rydeum Caribbean has developed a platform to connect local, established businesses with consumers through an on-demand mobile app.

Since completing its reverse merger in May 2021, OMHI has announced five new stores, all under construction, with planned openings beginning October of this year. Additionally, in July 2021, OMHI completed its first acquisition, Rydeum Caribbean, its new technology subsidiary, and completed its first contract, with Jamaica's largest taxi union. Rydeum Caribbean has developed a platform to connect local, established businesses with consumers through an on-demand mobile app.

"I think the OM Holdings business model is outstanding and exactly what the Caribbean needs, both for its residents and visitors," said Bob Barbieri. "The growth potential of this story, which combines a decentralized B2C Local On-Demand Technology (LODE-TECH) Platform with a bricks-and-mortar operation, is unlimited. I look forward to opening the new stores, and I am confident with the help of this stellar management team that we will develop and implement an expansion plan that takes OMHI across the Caribbean."

"We are growing at an incredible clip, and Bob Barbieri brings us the experience we need to manage our current growth while planning its next phase," said Mark Vanterpool, CEO of OM Holdings International. "We have five stores currently under construction, and Bob's role will be to make sure we finish all of these stores on schedule and within budget, and that we begin driving revenue at each store by year-end. We are thrilled to have someone with such extensive public equities experience helping guide us as we grow beyond the British Virgin Islands and become a regional retail and technology enterprise and public entity."

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Since 2017 building regulations in the Caribbean have changed dramatically, with the entire area following specifications developed in the USA. Even during the ongoing COVID-19 pandemic, the real estate activity in the Caribbean is seeing a strong recovery and now, with the pandemic beginning to ebb, international purchasers and resort development have increased their activities, with many purchasing second and even third properties, which bodes well for the region's construction industry.

"We are expecting explosive growth in the Caribbean, and we see extremely high demand for this kind of an enterprise," said Mark Vanterpool, President and CEO, who founded K-Mark's Foods (1996) Limited, a subsidiary of OM Holdings International, Inc. since 2020. "I am very excited about expanding our business throughout the Caribbean, and I look forward to building a number of these stores. I also want to express my appreciation for our management team, which has outperformed the board's expectations. We now have two stores under construction, and we are looking for three more store sites in other parts of the Caribbean."

OMHI has signed a long-term lease on an acre of property for the Builders Depot store - its land costs are minimal, and the company expects significant profits and growth from this property alone. Builders Depot is 200 feet from the first OneMart and several miles from the new store, where construction is underway. OM Holdings International, Inc. became a holding company of K-Mark's Foods (1996) Limited, which originated from a company founded in 1986 in the BVI by Mark Vanterpool and family.

OM Builders Depot will comprise 15,000 square feet and will provide building materials, hardware and tools, home appliances, cement, paint and plumbing supplies to builders and contractors, white sand, gravel, rebars, blocks and lumber will be available for purchase outside the building.

With OMHI's new technology subsidiary, Rydeum Caribbean, Inc., and OneMart's new stores announced in the past four months, OMHI has seen the largest expansion program in its history. Management anticipates increased revenue from these activities by the end of 2021.

"Our management team has years of experience in the provision of the pleasure craft industry in the Caribbean, and we are leveraging this experience as we examine potential locations for new community stores, particularly near busy marinas in the region, which are seeing strong bookings for the 2021-2022 season," Mr. Vanterpool added. "We believe there are undiscovered opportunities for OM Holdings International in the Caribbean, and the larger we become the better able we are to take advantage of economies of scale and use our buying power to continually bring lower-priced goods and services to the communities where we do business. This increased buying power also means we can make our product mix more diverse and provide our customers with products heretofore unavailable in the region."

"As I announced previously, our business plan calls for a major expansion of new stores and the development of new store concepts," said Mark Vanterpool, CEO of OMHI. "To date we now have two stores under construction, our flagship store is having a great year, despite the Covid-19 pandemic, and our first Builders Depot and convenience stores are nearing completion."

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