OSL Holdings Inc. (fka OSLH)

[PENNYS ToMILLIONS]

$OSLH Announces Intent to Enter into Management Services Contract and Future Equity Purchase Option with Medical Marijuana Firm Pacific Retail

PR Newswire

YARDLEY, Pa., Jul. 14, 2015

YARDLEY, Pa., Jul. 14, 2015 /PRNewswire/ --OSL Holdings Inc. (OTCQB: OSLH) ("OSL" or the "Company"), a socially conscious business dedicated to consumer advocacy, social activism and the advancement of civil liberties through the power of commerce, announced today that it has signed a letter of intent (the "LOI"), subject to and in accordance with the terms of a definitive agreement, with California medical marijuana firm Pacific Retail, LLC ("Pacific Retail") for OSL to provide a broad suite of management services for Pacific Retail's cultivation and dispensary business. The LOI also includes an option for OSL to purchase equity of Pacific Retail once federal prohibition of cannabis is repealed.

The services to be provided by OSL will include all management
activities necessary for day-to-day administration of Pacific Retail's Los Angeles-based operations. OSL will handle cash and payment processing for Pacific Retail and will take over marketing, sales, and business development as well.

OSL's Chief Corporate Development Officer, Steve Gormley said:

"OSL has a long-term business strategy preparing for what we believe will be the eventual complete federal repeal of prohibition of cannabis. We are building strong businesses in the current regulatory environment, while at the same time setting ourselves up to be in a position to truly capitalize on the market when such a repeal happens. Today's news is a reflection of that long-term strategy for OSL.

Bob Rothenberg, OSL's CEO said:

"OSL is working with partners to bring solid business and compliance practices to this sector, in order to achieve better performance and larger margins. We're thrilled about the implications of OSL's future business with Pacific Retail."

About OSL

OSL Holdings Inc. OSLH is a socially conscious business dedicated to consumer advocacy, social activism and the advancement of civil liberties through the power of commerce. We seek to serve affluent, liberal and libertarian consumer groups, a constituency that we believe responds to cause marketing and activism through two distinct business units: Equality Rewards, a technology platform delivering consumer rewards programs; and, OSL Medical Services, a management and services division dedicated to delivering services to legal medical marijuana businesses. We are a development and technology company specializing in affluent, liberal markets with high disposal income. The Company intends to operate a real-time loyalty rewards platform that can facilitate the earning and redemption of rewards currency at the point of the transaction (online, mobile, at retail) as well as on future transactions. OSL Holdings' target consumers are highly educated, respond to cause marketing initiatives and socially conscious business models, and are technologically savvy.

The Company's filings with the SEC are available at www.sec.gov.

For more information, please visit the Company's website at www.oslholdings.com.
Fellow Shareholders:

2015 has been a year of much progress for OSL. We're expanding.

This spring we announced the hire of Herndon Graddick, former CEO of GLAAD, the world's largest LGBT media advocacy organization, as Chief Marketing and Policy Officer. We also strengthened our business development bench with the addition of Jonathan D'Agostino as acting Vice President of Business Development. This month OSL added famed marketing and public relations maven Josh Baran to our team. We also added noted cannabis publicist and activist Evan Nison as our press agent.

Business at our 2014 acquisition, Go Green Hydroponics, is booming. Year-to-date sales figures put growth at more than 30 percent, year-over-year. And it's not just sales. In the spring we also announced the development of potential technological advancements in the space, with the launch of our LED grow light pilot program with Independence LED.

OSL also recapitalized, which will infuse our organization with almost three million dollars in new working capital over the next 8 months that will allow us to begin to execute on a number of profit-generating opportunities in our pipeline.

We continue to make strides to bring to market a groundbreaking technological solution to the industry's cash-only problem, which remains a very significant issue at the dispensary level.

Our footprint in the Los Angeles market is growing, with management service agreements in development with dispensaries and cultivation sites in the area. Continued updates about those deals will be forthcoming in the next weeks and months.

OSL has been featured across the mainstream and industry press as a major player in the field. Examples:

"People think, 'Oh, it's pot you throw a few seeds in the ground, you put up a shingle and you'll be printing cash.' That's obviously not the case. You're still ultimately a retail business," said Steve Gormley, Chief Business Officer at OSL Holdings -- Forbes, June 4, 2015

"I liken it to where the dot-com industry was circa 1998," says Steve Gormley, chief business development officer at OSL Holdings in Yardley, Pennsylvania. "There's a ton of opportunity, early adopters and genuine entrepreneurial innovation happening in the industry right now." And yet: "There are also predatory scam artists and black marketeers who will fleece uninformed investors dazzled by the prospect of huge returns," he says. -- US News & World Report, June 15, 2015

Steve Gormley, chief business development officer of consultant OSL Holdings Inc., compared the social momentum of the movement to that of gay marriage, but said the legislative process may come down to a matter of "The politics of Illinois is all about the almighty dollar."-- Chicago Tribune, June 5, 2015

The remainder of the year promises to be an exciting time of other changes. We are in the midst of a major rebranding effort that will premier later in the summer. Which will communicate our business vision more clearly and directly to consumers and investors as we enter into our next phase of growth.

The principals of OSL are also investors in the company. We're a fully reporting public company, but are in a many ways a start-up. We're planning for a bright future in an industry that quite literally didn't exist until recently. We're in it for the long haul and appreciate our backers and investors commitment to seeing out our vision in this exciting, rapidly growing space. Part of our new communications plan will be a commitment to update shareholders on a more frequent basis.

Stay tuned in the coming weeks and months for more news about our Company's progress.

Best regards,

Bob Rothenberg
Chief Executive Officer

OSL Holdings Announces Joint Venture with Cheryl Shuman
Home /News /OSL Holdings Announces Joint Venture with Cheryl Shuman - OSL Holdings
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May 20, 2015 Comments off News News Links
YARDLEY, Pa., May 20, 2015 /PRNewswire/ – OSL Holdings Inc. (OTCQB: OSLH) (“OSL” or “the Company”), a socially conscious business model dedicated to consumer advocacy, social activism and the advancement of civil liberties through the power of commerce, announces its first joint venture agreement with cannabis impresaria Cheryl Shuman. In their initial venture, OSL and Shuman will team up to launch a luxury cannabis conference series focusing on the affluent marijuana market and high-dollar investment vehicles for the rapidly growing space.

Shuman, best known for founding the Beverly Hills Cannabis Club, is perhaps the most widely publicized businessperson in the marijuana space.

“Cheryl Shuman has an unparalleled ability to attract mainstream media attention to the business potential of the marijuana market. Our venture will work not only to monetize that earned media, but to drive further investment into the space as a whole,” said OSL’s CEO Bob Rothenberg.

Today’s joint venture agreement opens the door to future deals between the two parties.

“As one of the most widely-known personalities in the cannabis sector and in the luxury market in particular, Cheryl is uniquely suited to bring broad interest to an event like this. We anticipate this being a perfect venue for businesses to bring mainstream attention to their products and services,” said Steve Gormley, Chief Corporate Development Officer, OSL.

“This first joint venture with OSL is incredibly exciting! As the founder of the Beverly Hills Cannabis Club, we were the first in the industry to produce luxurious celebrity events and mixers for the affluent. Now, together with the dream team at OSL, we can begin to corner the luxury market by becoming the “connector” of influencers in cannabis and culture, both here in the U.S. and abroad. I’m thrilled to be on this journey with OSL,” said Cheryl Shuman.

The first of its kind event is being developed to take place in the Caribbean in early 2016.

Cheryl Shuman is the Founder of the Beverly Hills Cannabis Club (BHCClub.com), CEO of Cheryl Shuman Inc. (CherylShuman.com/). Shuman was recently featured on the cover of Adweek as Pot’s First Marketer (http://www.adweek.com/news/advertising-branding/who-will-become-starbucks-pot-159145), in Elle Magazine as The Most Powerful Women in the Pot Industry (http://www.elle.com/culture/career-politics/a12993/rise-of-the-pot-power-women/) and named The Cannabis Queen of Beverly Hills by The New York Times Sunday Magazine (http://www.nytimes.com/2015/01/11/magazine/the-cannabis-queen-of-beverly-hills.html).
OSL Holdings Inc.