OLBG The OLB Group, Inc. featured news, full reports, and detailed charts
The OLB Group, Inc. (OLBG/OLBG.OB) Wrap Up:
The OLB Group, Inc., an e-commerce service provider, develops software products and other services to assist businesses sell products over the Internet. It offers ShopFast Direct Shopping Database and ShopFast Profit Center, each of which enables the user of the software to create an Internet Web site from which, such user could sell products located on a database maintained by the company. The company was founded in 1993 and is based in New York, New York.www.olb.com
1 Employees
Founded in 1993
The OLB Group, Inc. (OLBG:OTC Bulletin Board Market)
LAST $0.05 USD
CHANGE TODAY -0.005 -10.00%
VOLUME 27.5K
As of 3:45 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of The OLB Group, Inc. (OLBG)
|
OPEN
$0.05
|
PREVIOUS CLOSE
$0.05
|
|
|
DAY HIGH
$0.05
|
DAY LOW
$0.04
|
|
|
52 WEEK HIGH
08/26/09 - $0.14
|
52 WEEK LOW
01/16/09 - $0.0020
|
|
|
MARKET CAP
2.6M
|
AVERAGE VOLUME 3 mo
24.1K
|
|
|
DILUTED EPS TTM
--
|
SHARES OUTSTANDING
56.8M
|
|
|
OLBG Does Not Pay Dividends
|
P/E TTM
NM
|
|
| K = Thousands M = Millions B = Billions | ||
OLBG Top Compensated Officers
Mr. Ronny Yakov
Chairman, Chief Executive Officer, President,...
Age: 50
Total Annual Compensation: $275.0K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for The OLB Group, Inc. (OLBG)
The OLB Group Inc. Launches International ShopFast Software Licensing Initiative to Increase Sales Worldwide
10/8/2009
The OLB Group Inc. announced that it is expanding the extensive worldwide distribution channels of ShopFast software by licensing the innovative software package to different countries which will result in accelerating sales of the company's turn-key business websites. As a marketing tool for business opportunity, the licensing of the ShopFast software market has the potential of generating instant, and significiant, revenues for the company. As well as an upfront setup and modifications source, countries that license software will be able to engage their own local distribution of a product source. As well as their store owners will be able to sell their own products.
The OLB Group Inc. Signs an Agreement to Expand its Fulfillment and Distribution Program
09/1/2009
The OLB Group Inc. announced that the company has signed an agreement that will expand its fulfillment and distribution program with one of the largest fulfillment sources in the USA. OLB Group will be able to offer the following products to consumers and the companies that will be using the services of ShopFast DSD and ShopFast PC: any book from a selection of 875,000 books in hard and soft cover; 207,000 Music CDs that are in the market; a selection of over 54 000 DVDs; and the most popular 2,300 SKUs for video games for Sony PlayStation, Xbox 360 and other software games that are in the market. The fulfillment company is the largest Consumer Direct Fulfillment for books, music, video and games in the world and the only national distributor that can ship these four product formats in 'One Box' from any of its five strategically located warehouses. The fulfillment company has the world's broadest in-stock inventory of 1.1 million SKUs and a 4.3 million book title database. It also has the shipping capability to reach 73% of the U.S. population within 1 day and 98% within 2 days via standard ground delivery. The fulfillment company has flexible, service-oriented systems and ships more consumer direct shipments than any other distributor.
OLB Group Inc. Announces Joint Venture with Leorex Ltd
08/24/2009
OLB Group Inc. announced that the company will be offering 'patented' derma-cosmetic products from Leorex Ltd. to its clients for marketing to their end users. OLBG offers two software products to their clients who sell through the internet: ShopFast Direct Shopping Database (ShopFast DSD) and ShopFastProfitCenter (ShopFast PC). Each product guides the user in creating an e-commerce Web site and help in selling products from a database maintained by OLBG. Online retailers (OLBG's clients) can then create a customized Web site, designed to their own specifications, and sell products from OLBG's database at a fraction of the cost of building their own e-commerce site from scratch. The store owner can also customize their individual site with logos, a unique layout and many other features. OLB Group leverages the proprietary software known as ShopFast to develop additional e-commerce businesses such as the partnership with Leorex Ltd. OLB will be driving internet shopping traffic to generate sales for Leorex and OLB Group's independent internet retailers. With the analytical marketing tools integrated in the ShopFast platform, OLBG can monitor the success of its advertising offers and make real-time adjustments to maximize sales.
OLBG Competitors
| Company | Last | Change |
| Amazon.com Inc | $129.66 USD | +0.67 |
| eBay Inc | $22.79 USD | -0.40 |
| Yahoo! Inc | $15.38 USD | -0.23 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | OLBG | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 11.3x |
|
| Price/Book | NM | Not Meaningful |
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 11.3x |
|
|
OLBG |
||
OLBG transactions
| Type Date |
Target | |
| No transactions in the last 6 months. | ||
More Recent News About The OLB Group, Inc.
More news for OLBG
OLB GROUP, INC. Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
OLB GROUP, INC. Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION Forward-Looking Statements The information in this report contains forward-looking statements. All statements other than statements of historical fact made in report are forward looking. In particular, the statements herein regarding industry prospects and future results of operations or financial position are forward-looking statements. These forward-looking statements can be identified by the use of words such as "believes," "estimates," "could," "possibly," "probably," anticipates," "projects," "expects," "may," "will," or "should" or other variations or similar words. No assurances can be given that the future results anticipated by the forward-looking statements will be achieved. Forward-looking statements reflect management's current expectations and are inherently uncertain. Our actual results may differ significantly from management's expectations. The following discussion and analysis should be read in conjunction with our financial statements, included herewith. This discussion should not be construed to imply that the results discussed herein will necessarily continue into the future, or that any conclusion reached herein will necessarily be indicative of actual operating results in the future. Such discussion represents only the best present assessment of our management. Overview We are an e-commerce service provider, which enables a business desiring to sell goods and services on the internet to utilize our e-commerce resources and support services, thus creating economies of scale and cost efficiencies for e-commerce sellers throughout the entire e-commerce process. The products that we plan to distribute over the next year which will account for most of our business are as follows: · ShopFast PC · ShopFast DSD There are a number of trends in the e-comm...Click here to read the whole Article (external link)
OLB Group, Inc. Launches International ShopFast Software Licensing Initiative to Increase Sales Worldwide
NEW YORK, Oct. 8, 2009 (GLOBE NEWSWIRE) -- OLB Group, Inc. (OTCBB:OLBG - News) announced that it is expanding the extensive worldwide distribution channels of ShopFast software by licensing the innovative software package to different countries which will result in accelerating sales of the company's turn-key business websites. As a marketing tool for business opportunity, the licensing of the ShopFast software market has the potential of generating instant, and significiant, revenues for the company. As well as an upfront setup and modifications source, countries that license our software will be able to engage their own local distribution of a product source. As well as their store owners will be able to sell their own products. Mr. Ronny Yakov, CEO of OLB Group Inc., said, "We expect to sign up one to two countries each quarter over the next two years. OLB Group offers individuals a robust, turnkey solution to opening an online business with the added benefit of health insurance for the business owners. Our depth of product offerings is without parallel in both scope and pricing. From cosmetics to DVD's and travel, OLB Group can assist the entrepreneur in starting a business that provides a good income for the hard working owner and a product and service list for the consumer." To be added to the OLBG e-mail database for corporate press releases and industry updates, please send an e-mail to ir@olb.com. About The OLB Group, Inc. "Forward-looking statements"...Click here to read the whole Article (external link)
OLB Group, Inc. Initiates Fourth Quarter Marketing Campaign to Include Aggressive Nationwide Radio Campaign to Increase Revenue
NEW YORK--(BUSINESS WIRE)--OLB Group, Inc. (OTC BB: OLBG) announced that it is initiating an extensive nationwide radio advertising campaign to accelerate its sales of the company's turn-key business websites. As a marketing tool, the radio broadcasting market has the potential of generating instant revenues for the company. Similar campaigns have generated upwards of $25 million dollars in revenues to companies similar to OLB Group. Based on a successful test campaign, the company will then move to a national TV commercial that will offer ShopFast products to its new clients and introduce the previously announced distributor-based health benefits. After a successful campaign, OLB could be running at a run rate of $25 million in annual revenues within two quarters. Mr. Ronny Yakov, CEO of OLB Group Inc., said, "We expect to generate a lot of qualified leads for our business by initiating this campaign. We anticipate being well on our way to generating $25 million in yearly revenue in as early as 3 months. We offer individuals a robust, turnkey solution to opening an online business with the added benefit of health insurance for the business owners. Our depth of product offerings is without parallel in both scope and pricing. From cosmetics to DVD's and travel, OLB Group can assist the entrepreneur in starting a business that provides a good income for the hard working owner and a product and service list for the consumer."To be added to the OLBG e-mail database for corporate press releases and industry updates, please send an e-mail to ...Click here to read the whole Article (external link)
OLB Group to Present "Shopfast"
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
OLB Group Launches Aggressive Marketing Campaign Including Free 14 Day Trial for Leorex Anti-Aging Products
NEW YORK--(BUSINESS WIRE)--OLB Group, Inc. (OTC BB: OLBG - News), an e-commerce service provider that offers software products and services designed to help businesses sell products over the internet, announced today that the company will be offering "patented" derma-cosmetic products from Leorex Ltd. to its clients for marketing to their end users. To coincide with the previously announced joint venture with Leorex, a new website has been launched utilizing the current platform of e-commerce from ShopFast, OLBG's software platform, at http://www.leorexdirect.com/freetrial.aspx An integral part of the campaign includes free membership to the Platinum Club which offers discounts of 25% to 45% on products which can significantly enhance a client's overall profitability and/or competitive pricing advantage. Similar online cosmetic resellers in the market place generate yearly base revenues of $35 million and up from continuity programs which involves automatic recurring monthly shipping and billing of a subscribers that belong to the...Click here to read the whole Article (external link)
OLB Group Expands Product Distribution List to Offer Over Four Million Products
NEW YORK--(BUSINESS WIRE)--The OLB Group, Inc (OTCBB:OLBG - News), (www.olb.com) announced today that the company has signed an agreement that will expand its fulfillment and distribution program with one of the largest fulfillment sources in the USA. OLB Group will be able to offer the following products to consumers and the companies that will be using the services of ShopFast DSD and ShopFast PC: any book from a selection of 875,000 books in hard and soft cover; 207,000 Music CDs that are in the market; a selection of over 54,000 DVDs; and the most popular 2,300 SKUs for video games for Sony PlayStation, Xbox 360 and other software games that are in the market. The fulfillment company is the largest Consumer Direct Fulfillment for books, music, video and games in the world and the only national distributor that can ship these four product formats in "One Box" from any of its five strategically located warehouses. The fulfillment company has the world's broadest in-stock inventory of 1.1 million SKUs and a 4.3 million book title database. It also has the shipping capability to reach 73% of the U.S. populat...Click here to read the whole Article (external link)
OLB Group, Inc. Initiates Nationwide Direct Marketing Campaign to Increase Subscriber Base and Sales
NEW YORK--(BUSINESS WIRE)--OLB Group, Inc. (OTC BB: OLBG), an e-commerce service provider that has software products and services designed to help businesses sell products over the internet, announced today that the company has initiated an extensive direct marketing campaign throughout the US. to increase its current subscription base. “ We have retained what we think is the premiere US based direct marketing firm in the country to broaden our customer base and increase sales on a daily basis,†stated OLB president Ronny Yakov. “ Each new subscriber typically generates $300/month in revenue, and continue on our system for 18 -24 months. That includes a health insurance benefit platform which has generated a spike in inquiries from potential clients. The offered healthcare plan offers a subscribing client and their family affordable health insurance at a fraction of the cost of individual health coverage. As a ShopFast Distributor, clients qualify for a discounted group rate.This initiative will not only allow us to increase sales short term, but it will allow us to exceed our revenue targets going forward.â€About OLB GroupThe OLB Group is an e-commerce service provider that delivers fully outsourced private label shopping...Click here to read the whole Article (external link)
OLB Group, Inc. Announces Joint Venture with Leorex Cosmetics Ltd.
NEW YORK--(BUSINESS WIRE)--OLB Group, Inc. (OTC BB: OLBG - News), an e-commerce service provider that has software products and services designed to help businesses sell products over the internet, announced today that the company will be offering "patented" derma-cosmetic products from Leorex Ltd. to its clients for marketing to their end users. To coincide with our joint venture a new website has now been launched utilizing the current platform of e-commerce from ShopFast, OLBG's software platform, at http://www.leorexdirect.com/. OLBG offers two software products to their clients who sell through the internet: ShopFast Direct Shopping Database (ShopFast DSD) and ShopFastProfitCenter (ShopFast PC). Each product guides the user in creating an e-commerce Web site and help in selling products from a database maintained by OLBG. Online retailers (OLBG's clients) can then create a customized Web site, designed to their own specifications, and sell products from OLBG's database at a fraction of the cost of building their own e-commerce site from scratch. The store owne...Click here to read the whole Article (external link)
Would you like to leave a comment about The OLB Group, Inc. OLBG/OLBG.OB
Find out what social network information about The OLB Group, Inc. are available on RealpenniesWorst 5 - Click here to find out what stocks have been voted down by our visitors and users
Besides The OLB Group, Inc. there is more great information available at Realpennies.com