OLB Group Inc (OLB)

[conix]

Got this by PM. Thought I would share it with the board.

It is a response to questions to the company.


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Dear investor:


Thank you for your questions on OLB Group. It is encouraging to hear that OLB has been noticed on Seeking Alpha.

The Company does anticipate healthy revenue increases next year on a quarter to quarter basis. Since the pandemic began, OLB's customer base has shifted from 30% on-line only/70% bricks and mortar customers with an e-commerce component to a 50/ 50 split between the two categories. The revenue growth we are seeing and expecting to continue comes from two sources--upgrading current customers to include more offered services on OLB's platform--and, secondly, adding new customers through the efforts of our network of correspondent bank referrals.

As you noted, more services result in higher revenues for OLB. Since the Company's acquisition of Doublebeam in May of this year, the "up selling" to the customer base continues to increase the average revenue per customer.

As OLB continues to improve the platform, our growth through referrals and our proven reputation for personal and prompt attention by our in house staff has benefited.

Although we cannot forecast revenue growth to individual investors, the Company will provide guidance through public filings and press releases.

The Company has been the subject of research reports with 12-month target prices of $7.00 and over $10. We continue to talk to investment firms (brokerage and asset management firms) to present OLB's business plan.

Thank you for your interest in OLB Group.

Happy Holidays,

Investor Relations
OLB Group


Forward-looking Statements

All statements from The OLB Group, Inc. in this e-mail communication 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 applications 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.

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To OLB Investor Relations:


Found your company through Seeking Alpha, but there was not a lot of information in the comments.

I like the e-commerce services business you are in. And I like your price being below $10.

Does the company believe it will see good revenue growth quarter to quarter in 2021? And does most of that revenue growth going to come from signing up more companies OR getting more service signups and increasing the average per merchant monthly ticket?

Also, being so small, are you talking to any brokerage firms on doing a research report?

Thank you for any reply.

Interested potential investor