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(OLBG) The OLB Group, Inc. Signs Letter of Intent to Acquire an eBay Retailer
Acquisition Forecasted to Realize $1 Million Revenue in Next Twelve Months With Expansion to Another 8 Locations That Have a Potential Growth to $5 Million in Revenues and a Positive Cash Flow
NEW YORK, NY, May 23, 2007 (MARKET WIRE via COMTEX) -- The OLB Group, Inc. (PINKSHEETS: OLBG) announced today that the company has entered into a Letter of Intent to acquire the assets of Sammex Enterprises, LLC, a privately held New Jersey limited liability company which conducts its internet and storefront businesses under the trademarked trade name "Auction MOJO" (MOJO). MOJO currently has two (2) premium retail locations in New Jersey (East Windsor and Plainsboro). MOJO reported unaudited revenues exceeding $700,000 in the past twelve months, and is forecasting profitable revenue to surpass $1 Million in the next twelve months for the first two locations.
Ronny Yakov, CEO of The OLB Group, said, "We are excited with our new venture which provides OLB Group with a great opportunity to significantly expand our ShopFast business into different venues. In addition, our customers, the storeowners of ShopFast, will now have the ability to list their products on eBay through OLB Group. A prime focus of our business plan is to build our competitive advantage over alternative e-commerce sites, which this acquisition clearly offers to our company. Our initial plans upon closing on MOJO is to expand to an additional 8 locations within 12 months of the acquisition closing."
A newly formed subsidiary of OLB will purchase the assets of MOJO relating to that company's operations, including the registered trademark "Auction MOJO," management, operations, storage of goods and payment systems developed and/or utilized by MOJO, leases for two storefronts in full operation in New Jersey, certain eBay accounts and operations history, in accordance with eBay's requirements, and all rights to the franchise system developed for the Auction MOJO System. Additionally, OLB will acquire all of MOJO's interests in all intellectual property rights, registered rights, common law rights, trade secret and all other such rights, together with all physical properties and operations relating to the MOJO business and locations as well as a feedback response of close to 10,000 satisfied customers with a satisfaction rate of 99.8% on eBay over the last 8 years.
Scott Feder, Founder, will remain involved as an eBay sales and marketing consultant to the OLB group and assist in the development of special joint ventures. "I look forward to building upon this exciting foundation. The synergy between OLB and its access to quality items will allow the Auction MOJO system and franchise to grow profitably with eventual international expansion."
Michael Cohen, Chief Operating Officer for OLB Group's new wholly owned subsidiary, noted, "Incorporating MOJO with The OLB Group's new ShopFast software is a dynamic and innovative combination to the rapidly expanding internet storefront industry. With subscriber clients having the option of selling their products through eBay without the hassle of doing the fulfillment of orders is a clear benefit to many of OLB Group's customers."
To be included on the corporate e-mail list for company updates and press releases, please e-mail ir@olb.com
About The OLB Group
The OLB Group is an e-commerce service provider that delivers fully outsourced private label shopping solutions. We provide our clients with a seamless, end-to-end e-commerce solutions, including site creation, hosting, transaction processing, order fulfillment, customer service, sales reporting, as well as a virtual inventory of name-brand products from top-selling categories on the Internet. Our private label shopping site is designed to maintain the unique look and feel of our customer's website, providing seamless e-commerce functionality that keeps users on the shopping site at all times. Order fulfillment and customer service are also provided under the brand names of our clients. We remain invisible to the consumer. Our e-commerce platform also enables our clients to create their own online marketing promotions and to customize product content to meet the needs of their online users. Our turnkey online shopping solutions include "ShopFast Direct Shopping Database" or "ShopFast DSD." and ShopFast PC (profit center). For more information, please visit http://www.olb.com, http://www.shopfast.com and http://www.shopfast.net
Legal Notice Regarding Forward-Looking Statements: "Forward-looking statements" may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. The OLB Group, Inc. disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, changes in our business strategies.
Contact:
Ronny Yakov
The OLB Group, Inc.
(P) 212-278-0900
email: Contact via http://www.marketwire.com/mw/emailprcntct?id=E8CABD20A070A76B
(OLBG) The OLB Group, Inc. Signs Letter of Intent to Acquire an eBay Retailer
Acquisition Forecasted to Realize $1 Million Revenue in Next Twelve Months With Expansion to Another 8 Locations That Have a Potential Growth to $5 Million in Revenues and a Positive Cash Flow
NEW YORK, NY, May 23, 2007 (MARKET WIRE via COMTEX) -- The OLB Group, Inc. (PINKSHEETS: OLBG) announced today that the company has entered into a Letter of Intent to acquire the assets of Sammex Enterprises, LLC, a privately held New Jersey limited liability company which conducts its internet and storefront businesses under the trademarked trade name "Auction MOJO" (MOJO). MOJO currently has two (2) premium retail locations in New Jersey (East Windsor and Plainsboro). MOJO reported unaudited revenues exceeding $700,000 in the past twelve months, and is forecasting profitable revenue to surpass $1 Million in the next twelve months for the first two locations.
Ronny Yakov, CEO of The OLB Group, said, "We are excited with our new venture which provides OLB Group with a great opportunity to significantly expand our ShopFast business into different venues. In addition, our customers, the storeowners of ShopFast, will now have the ability to list their products on eBay through OLB Group. A prime focus of our business plan is to build our competitive advantage over alternative e-commerce sites, which this acquisition clearly offers to our company. Our initial plans upon closing on MOJO is to expand to an additional 8 locations within 12 months of the acquisition closing."
A newly formed subsidiary of OLB will purchase the assets of MOJO relating to that company's operations, including the registered trademark "Auction MOJO," management, operations, storage of goods and payment systems developed and/or utilized by MOJO, leases for two storefronts in full operation in New Jersey, certain eBay accounts and operations history, in accordance with eBay's requirements, and all rights to the franchise system developed for the Auction MOJO System. Additionally, OLB will acquire all of MOJO's interests in all intellectual property rights, registered rights, common law rights, trade secret and all other such rights, together with all physical properties and operations relating to the MOJO business and locations as well as a feedback response of close to 10,000 satisfied customers with a satisfaction rate of 99.8% on eBay over the last 8 years.
Scott Feder, Founder, will remain involved as an eBay sales and marketing consultant to the OLB group and assist in the development of special joint ventures. "I look forward to building upon this exciting foundation. The synergy between OLB and its access to quality items will allow the Auction MOJO system and franchise to grow profitably with eventual international expansion."
Michael Cohen, Chief Operating Officer for OLB Group's new wholly owned subsidiary, noted, "Incorporating MOJO with The OLB Group's new ShopFast software is a dynamic and innovative combination to the rapidly expanding internet storefront industry. With subscriber clients having the option of selling their products through eBay without the hassle of doing the fulfillment of orders is a clear benefit to many of OLB Group's customers."
To be included on the corporate e-mail list for company updates and press releases, please e-mail ir@olb.com
About The OLB Group
The OLB Group is an e-commerce service provider that delivers fully outsourced private label shopping solutions. We provide our clients with a seamless, end-to-end e-commerce solutions, including site creation, hosting, transaction processing, order fulfillment, customer service, sales reporting, as well as a virtual inventory of name-brand products from top-selling categories on the Internet. Our private label shopping site is designed to maintain the unique look and feel of our customer's website, providing seamless e-commerce functionality that keeps users on the shopping site at all times. Order fulfillment and customer service are also provided under the brand names of our clients. We remain invisible to the consumer. Our e-commerce platform also enables our clients to create their own online marketing promotions and to customize product content to meet the needs of their online users. Our turnkey online shopping solutions include "ShopFast Direct Shopping Database" or "ShopFast DSD." and ShopFast PC (profit center). For more information, please visit http://www.olb.com, http://www.shopfast.com and http://www.shopfast.net
Legal Notice Regarding Forward-Looking Statements: "Forward-looking statements" may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. The OLB Group, Inc. disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, changes in our business strategies.
Contact:
Ronny Yakov
The OLB Group, Inc.
(P) 212-278-0900
email: Contact via http://www.marketwire.com/mw/emailprcntct?id=E8CABD20A070A76B
The OLB Group, Inc. Signs Letter of Intent to Acquire an eBay Retailer
Acquisition Forecasted to Realize $1 Million Revenue in Next Twelve Months With Expansion to Another 8 Locations That Have a Potential Growth to $5 Million in Revenues and a Positive Cash Flow
NEW YORK, NY, May 23, 2007 (MARKET WIRE via COMTEX) -- The OLB Group, Inc. (PINKSHEETS: OLBG) announced today that the company has entered into a Letter of Intent to acquire the assets of Sammex Enterprises, LLC, a privately held New Jersey limited liability company which conducts its internet and storefront businesses under the trademarked trade name "Auction MOJO" (MOJO). MOJO currently has two (2) premium retail locations in New Jersey (East Windsor and Plainsboro). MOJO reported unaudited revenues exceeding $700,000 in the past twelve months, and is forecasting profitable revenue to surpass $1 Million in the next twelve months for the first two locations.
Ronny Yakov, CEO of The OLB Group, said, "We are excited with our new venture which provides OLB Group with a great opportunity to significantly expand our ShopFast business into different venues. In addition, our customers, the storeowners of ShopFast, will now have the ability to list their products on eBay through OLB Group. A prime focus of our business plan is to build our competitive advantage over alternative e-commerce sites, which this acquisition clearly offers to our company. Our initial plans upon closing on MOJO is to expand to an additional 8 locations within 12 months of the acquisition closing."
A newly formed subsidiary of OLB will purchase the assets of MOJO relating to that company's operations, including the registered trademark "Auction MOJO," management, operations, storage of goods and payment systems developed and/or utilized by MOJO, leases for two storefronts in full operation in New Jersey, certain eBay accounts and operations history, in accordance with eBay's requirements, and all rights to the franchise system developed for the Auction MOJO System. Additionally, OLB will acquire all of MOJO's interests in all intellectual property rights, registered rights, common law rights, trade secret and all other such rights, together with all physical properties and operations relating to the MOJO business and locations as well as a feedback response of close to 10,000 satisfied customers with a satisfaction rate of 99.8% on eBay over the last 8 years.
Scott Feder, Founder, will remain involved as an eBay sales and marketing consultant to the OLB group and assist in the development of special joint ventures. "I look forward to building upon this exciting foundation. The synergy between OLB and its access to quality items will allow the Auction MOJO system and franchise to grow profitably with eventual international expansion."
Michael Cohen, Chief Operating Officer for OLB Group's new wholly owned subsidiary, noted, "Incorporating MOJO with The OLB Group's new ShopFast software is a dynamic and innovative combination to the rapidly expanding internet storefront industry. With subscriber clients having the option of selling their products through eBay without the hassle of doing the fulfillment of orders is a clear benefit to many of OLB Group's customers."
To be included on the corporate e-mail list for company updates and press releases, please e-mail ir@olb.com
About The OLB Group
The OLB Group is an e-commerce service provider that delivers fully outsourced private label shopping solutions. We provide our clients with a seamless, end-to-end e-commerce solutions, including site creation, hosting, transaction processing, order fulfillment, customer service, sales reporting, as well as a virtual inventory of name-brand products from top-selling categories on the Internet. Our private label shopping site is designed to maintain the unique look and feel of our customer's website, providing seamless e-commerce functionality that keeps users on the shopping site at all times. Order fulfillment and customer service are also provided under the brand names of our clients. We remain invisible to the consumer. Our e-commerce platform also enables our clients to create their own online marketing promotions and to customize product content to meet the needs of their online users. Our turnkey online shopping solutions include "ShopFast Direct Shopping Database" or "ShopFast DSD." and ShopFast PC (profit center). For more information, please visit http://www.olb.com, http://www.shopfast.com and http://www.shopfast.net
Legal Notice Regarding Forward-Looking Statements: "Forward-looking statements" may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. The OLB Group, Inc. disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, changes in our business strategies.
Contact:
Ronny Yakov
The OLB Group, Inc.
(P) 212-278-0900
email: Contact via http://www.marketwire.com/mw/emailprcntct?id=E8CABD20A070A76B
Spacebird,
Any DD to post?
They will order a certain number to be manufactured on the first run. Once the fill orders to match that number, they are sold out!
It does not matter how many pre orders they have. They still have not manufactured the product. Untill they succesfully manufacture the product, they can fill all the orders they want and it means nothing. Although it does show demand for the product it still does not generate any revenue until manufacturing begins.
Check out GWOH. PPS has gone up 600% in 1 week!
Check out GWOH. PPS has gone up 600% in 1 week!
Alot of buying coming in today! I smell something going on here. The stock is up 1$ in a week and volume is increasing everyday. This thing could blow up big time!!
Looks like bottom, Bounce should be coming soon!
If they want to go to the AMEX in the fall they have to show a 2$ minimum bid!!! So I would say their is potential for a short term 2$ pps!!!
That chart looks awesome!!!!!!!
HealthSonix Set to Launch www.MyArthritisStore.com
Wednesday May 9, 9:49 am ET
IRVINE, CA--(MARKET WIRE)--May 9, 2007 -- HealthSonix, Inc. (Other OTC:HSXI.PK - News) (Frankfurt:H7S.F - News) today announced that it will be launching its online store on May, 22, 2007. The new web portal will be dedicated to people who suffer from the pain associated with arthritis and other related conditions. There are 50 Million American that have been diagnosed with this chronic condition.
MyArthritisStore.com will be the place for people to find the latest and most effective therapies in the fight against arthritis. "The first couple of months we expect to carry only our own products and eventually as we test and approve, there will be additional products available on the site," said Dieter Doederlein, Vice President of Business Development. "We expect MyArthritisStore to evolve into an information portal and discussion forum for patients where they can voice their opinions and share information with others with similar issues," added Mr. Doederlein.
The first products to be offered online are the enSonix@home medical device that is particularly effective in treating the pain of arthritis, fibromyalgia, low back pain, and soft tissue injuries and the ZingiberRx, a new pain relieving cream.
"The launch of MyArthritisStore.com will be accompanied by a major direct to consumer internet advertising campaign, driving potential customers to the site and a major public relations program, to increase consumer awareness," added Doederlein.
HealthSonix, Inc. (Other OTC:HSXI.PK - News) (Frankfurt:H7S.F - News) is a publicly traded medical technology company. The Company's core products are based on proprietary, patent pending medical technologies that use sound pulses to stimulate soft tissue, muscles and sensory and mechanoreceptors in the human body to relieve pain. All pain relief treatments and products are safe, non-invasive, and have no known side effects.
More information regarding HealthSonix, Inc. and its products and services can be found on the World Wide Web at: www.HealthSonix.com or by calling the company at 1-877-622-2121.
Note: A number of statements contained in this news release are forward-looking statements, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors not set forth herein. The actual results that the Company may achieve may differ materially from any forward-looking statements due to such risks and uncertainties.
Contact:
Contact:
Dieter D. Doederlein
1-877-622-2121
Email Contact
HealthSonix Set to Launch www.MyArthritisStore.com
Wednesday May 9, 9:49 am ET
IRVINE, CA--(MARKET WIRE)--May 9, 2007 -- HealthSonix, Inc. (Other OTC:HSXI.PK - News) (Frankfurt:H7S.F - News) today announced that it will be launching its online store on May, 22, 2007. The new web portal will be dedicated to people who suffer from the pain associated with arthritis and other related conditions. There are 50 Million American that have been diagnosed with this chronic condition.
MyArthritisStore.com will be the place for people to find the latest and most effective therapies in the fight against arthritis. "The first couple of months we expect to carry only our own products and eventually as we test and approve, there will be additional products available on the site," said Dieter Doederlein, Vice President of Business Development. "We expect MyArthritisStore to evolve into an information portal and discussion forum for patients where they can voice their opinions and share information with others with similar issues," added Mr. Doederlein.
The first products to be offered online are the enSonix@home medical device that is particularly effective in treating the pain of arthritis, fibromyalgia, low back pain, and soft tissue injuries and the ZingiberRx, a new pain relieving cream.
"The launch of MyArthritisStore.com will be accompanied by a major direct to consumer internet advertising campaign, driving potential customers to the site and a major public relations program, to increase consumer awareness," added Doederlein.
HealthSonix, Inc. (Other OTC:HSXI.PK - News) (Frankfurt:H7S.F - News) is a publicly traded medical technology company. The Company's core products are based on proprietary, patent pending medical technologies that use sound pulses to stimulate soft tissue, muscles and sensory and mechanoreceptors in the human body to relieve pain. All pain relief treatments and products are safe, non-invasive, and have no known side effects.
More information regarding HealthSonix, Inc. and its products and services can be found on the World Wide Web at: www.HealthSonix.com or by calling the company at 1-877-622-2121.
Note: A number of statements contained in this news release are forward-looking statements, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors not set forth herein. The actual results that the Company may achieve may differ materially from any forward-looking statements due to such risks and uncertainties.
Contact:
Contact:
Dieter D. Doederlein
1-877-622-2121
Email Contact
I also subscribe to stockProfiler. I called there after the first run to thank them for the tip. I talked to a guy named Jesse and told him he kicked ass and thanks for making me some $$$! I guess I am going to have to call him again!
We hit .45, WOW!!!!!
HSXI, pre market bid is up.05 from fridays close. Gapping up big time!
HSXI, pre market bid is up.05 from fridays close. Gapping up big time!
HSXI, pre market bid is up.05 from fridays close. Gapping up big time!
HSXI up .03 already, Bounce is here!
HSXI up .03 already, Bounce is here!
I like what I see! Establishing a new support at .21/.22 IMO we will sit here briefly waiting for News. If it doesnt come soon, people will get impatient and start selling again.
HSXI, MM shake this am and then a boounce from .22! Watch closely.............
HSXI, MM shake this am and then a boounce from .22! Watch closely.............
IMO we will see a MM shake this morning then they will let it run. Look for the bounce at .22!
Buying coming in! I ownder if someone knows something? News possibly?
Heavy buying on HSXI, maybe something is on the horizon.
HSXI, Buying coming in again! Maybe more news is on the way!
Consolidating here! This is good, now the next run will be from here instead od .08. If we can match last run, it should put us at .70 then puling back to .50 and consolidating there. GIMMMEEEEEE some news!!!!!!!!!!
HSXI bounce from .265 to .36!!!!!!!!!!!!!!!!!!!!!!
I think it proved today that this is for real. The MMs tried to crush it and they couldnt. They beat it from .50 to .265 and then lost the battle. Last sale was .36 so the bounce has happened! I reloaded at .28 and I think I am safe to hold until News comes out.
HSXI Bounce is starting. moving back up!!
HSXI pulled back a little, Bounce play is coming!!!
Bounce is coming!! time to reload!
Has anyone ever seen a chart so beautiful????
HSXI is up .02 pre market!!!!!!!! .42X.44
IMO a lot of people got into this stock at much higher levels than this. If they are smart, they will be coming in and buying to average there pps down. This should keep the stock running.
IMO today was the pullback. Opened at .32 and ran to .48 then pulled back to .38 and closed at .42. IMO the run will continue monday.
.39X43!!!!!!!!!!!!!!!!!!!!
HSXI almost 400K shares traded. .36X.37