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OLBG~~$1.00, HUGE NEWS~~~Group Acquires Assets and Operational Business in the Merchant Acquiring Industry for $12.5 Million
10:30 am ET April 19, 2018 (Globe Newswire) Print
Transaction Positions Company to Pursue SaaS-based

Commerce Services Opportunities

OLB Group, Inc., (OTCQB:OLBG), a leading provider of integrated commerce services solutions for small and medium sized businesses throughout the United States announced today it has acquired significant assets that will enable the company to address the merchant's business needs through an integrated suite of software and hardware products. "This transaction marks an important step in OLB Group's continuing development, and adds significant scale and depth to our commerce servicing capabilities and functionalities," said Ronny Yakov, Chief Executive Officer of the OLB Group. "By integrating established merchant bases with the power of our commerce servicing capabilities, our customers can expect even greater value and customer support."

Mr. Yakov continued that this transaction is the first of several the company plans to announce in the coming weeks.

The company's operations will be based in Alpharetta, Georgia.

More detailed information, including transaction agreements is provided in the OLB Group Report on Form 8-K which has been filed with the SEC on April 13, 2018.

About The OLB Group, Inc.

The OLB Group, Inc. is a commerce service provider that delivers fully outsourced private label shopping solutions to highly trafficked websites and retail locations. We provide end-to-end e-commerce, mobile and retail solutions to customers.

OLB Group, Inc. common stock is traded Over-The-Counter on the OTCQB under stock symbol: OLBG. Additional information about the Company can be found at http://www.olb.com