OLB Group to Present at the 26th Annual H.C. Wainwright Global Investment Conference September 9-11, 2024
- NEW YORK, NY / ACCESSWIRE / September 4, 2024 / OLB Group, Inc. (Nasdaq:OLB), a Fintech and bitcoin mining enterprise, announced today it will be featured as a presenting company at the H.C. Wainwright 26th Annual Global Investment Conference being held on September 9-11, 2024.
- 09/04/2024
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OLB Group Announces Financial Results for Second Quarter, 2024
- NEW YORK, NY / ACCESSWIRE / August 15, 2024 / The OLB Group, Inc., (NASDAQ:OLB), a diversified Fintech eCommerce merchant services provider and cryptocurrency mining enterprise announced today its financial results for the Second Quarter ending June 30, 2024. Investors can access the complete Second Quarter 10-Q at Key Financial Results for Q2 2024 as Compared to Q2 2023 Revenue was $3.5 million for the quarter, compared to $8.3 million in the prior year's quarter.
- 08/15/2024
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OLB Group to Present at 2024 Maxim Fintech Virtual Symposium on June 25
- NEW YORK, NY / ACCESSWIRE / June 24, 2024 / The OLB Group, Inc., (NASDAQ:OLB), a diversified Fintech eCommerce merchant services provider and cryptocurrency mining enterprise announced today Ronny Yakov, CEO of OLB Group and Patrick Smith, VP of Finance, will present at the Maxim Fintech Virtual Symposium on Tuesday, June 25, 2024, at 10:30 AM EDT. This virtual event will focus on the evolving fintech industry, featuring emerging companies within specialty finance, payments and real estate that have integrated advanced technology into their business models.
- 06/24/2024
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OLB Group Chairman and CEO Issues Open Letter to Shareholders
- NEW YORK, NY / ACCESSWIRE / June 11, 2024 / The OLB Group, Inc., (NASDAQ:OLB) , a diversified Fintech eCommerce merchant services provider and cryptocurrency mining enterprise, issued an open Letter to Shareholders from Chairman and CEO of OLB Group, Ronny Yakov, providing a review of a challenging 2023 and anticipated milestones for 2024. Dear Shareholders, Starting on a positive note, our revenues going forward will reflect business from the recent acquisition of the bodegas/convenience store network portal, Black011.com, and the mobile brands Blackwireless.com and Mangomobile.com.
- 06/11/2024
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OLB Group Regains Compliance with Nasdaq Minimum Bid Price Requirement
- NEW YORK, NY / ACCESSWIRE / May 20, 2024 / The OLB Group, Inc., (NASDAQ:OLB), a diversified Fintech eCommerce merchant services provider and cryptocurrency mining enterprise, announced today that it has received a written letter from Nasdaq, which has determined that for the last 10 consecutive business days, from May 6, 2024 to May 17, 2024, the closing bid price of the Company's common stock has been at $1.00 per share or greater. Accordingly, the Company has regained compliance with Listing Rule 5550(a)(2) and this matter is now closed.Future OLB Press Releases and UpdatesInterested investors or shareholders can be notified of future Press releases and Industry Updates by email: ir@olb.comAbout The OLB Group, Inc.The OLB Group, Inc. is a diversified Fintech eCommerce merchant services provider expanding into the "under banked" market sector and a pending spinoff of a Bitcoin mining enterprise to OLB shareholders. The Company's eCommerce platform delivers cloud-based merchant services for a comprehensive digital commerce solution to thousands of merchants in all 50 states.For more information about The OLB Group, please visit https://www.olb.com and http://investors.olb.comSafe Harbor StatementAll statements from The OLB Group, Inc. in this news release 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 and SecurePay applications, including payment methods, to our current merchants and the integration of our secure payment gateway with our crowdfunding platform, our ability to successfully launch a cryptocurrency mining operation and our ability to earn revenue from the new operations. 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.Contact:OLB Group Investor RelationsRick LutzIR@OLB.com(212) 278-0900 Ext. 333SOURCE: The OLB Group, Inc.
- 05/20/2024
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The OLB Group, Inc. Announces One-for-Ten Reverse Stock Split
- Split to be effective May 6, 2024 NEW YORK, NY / ACCESSWIRE / May 2, 2024 / The OLB Group, Inc. (NASDAQ:OLB) ("OLB" or the "Company"), a FinTech company and a payment facilitator that, through our subsidiaries, focuses on a suite of products in the merchant services and payment facilitator verticals, today announced that that on April 26, 2024, its shareholders approved a reverse split of its common stock on a one-for-ten basis (the "Reverse Stock Split"). The Company's common stock will begin trading on a post-split basis on May 6, 2024.
- 05/02/2024
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OLB Group Provides Shareholder Update Prior to Upcoming Special Shareholder Meeting April 26, 2024, at 10:00 AM Eastern
- NEW YORK, NY / ACCESSWIRE / April 23, 2024 / The OLB Group, Inc. (NASDAQ:OLB), a diversified Fintech eCommerce merchant services provider and Bitcoin mining enterprise issued a shareholder update today prior to the company's special shareholder meeting to be held on Friday April 26, 2024 - https://investors.olb.com/event/2024-special-meeting/. The special shareholder meeting is scheduled for shareholders to consider an amendment to the Company's certificate of incorporation to affect a one-for-ten reverse stock split (the "Reverse Split").
- 04/23/2024
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Why Is OLB Group (OLB) Stock Up 27% Today?
- OLB Group (NASDAQ: OLB ) stock is heading higher on Monday alongside heavy pre-market trading of the transaction processing services company's shares this morning. As of this writing, more than 1.9 million shares of OLB stock have changed hands.
- 04/22/2024
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OLB Group to Conduct Fourth Quarter and 2023 Annual Report Call Today, April 15
- NEW YORK, NY / ACCESSWIRE / April 15, 2024 / The OLB Group, Inc. (NASDAQ:OLB), a diversified Fintech eCommerce merchant services provider and Bitcoin mining enterprise, will conduct an Earnings Conference Call on April 15, 2024 at 4:30 PM Eastern Daylight Time. Shareholders and interested investors are invited to participate in the Company's earnings call.
- 04/15/2024
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OLB Group Adds Seven Additional Minor League Baseball Teams to Roster of Clients Using Omni Commerce Services and Payment Acceptance Solutions
- Expansion Into Mid America League Through EZ Sports Technologies to Integrate eCommerce Services to Improve Sales, Customer Service and Operations NEW YORK, NY / ACCESSWIRE / March 21, 2024 / The OLB Group, Inc. (NASDAQ:OLB), a provider of cloud-based eCommerce and payment acceptance solutions for small- and mid-size merchants, announced that EZ Sports Technologies of Evanston, Illinois has added a new college baseball league operated by Mid America League. OLB Group's proprietary technology platform will be leveraged by all of the teams in Mid America League (MAL) https://midamericaleague.com/ starting with the up-coming season 2024.
- 03/21/2024
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OLB Group Announces Market Relaunch of Black Wireless
- Company Expansion into Unbanked Sector to Facilitate Revenue Growth with eSIM Technology. NEW YORK, NY / ACCESSWIRE / February 27, 2024 / OLB Group, Inc. (NASDAQ:OLB), a diversified payments company with a Bitcoin mining subsidiary, DMint http://www.dmint.com being prepared for a spin-off to shareholders, announced today the market launch of two wireless phone provider resellers to the unbanked sector.
- 02/27/2024
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Huge Insider Buys From Warren Buffett, Jack Ma, Carlos Slim and More
- Overall, the number of notable insider purchases may have dwindled with the earnings-reporting season in full swing, but there were still some huge, headline-making buys in the past week or so.
- 01/27/2024
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OLB Group Announces Financial Results for 2023 Third Quarter
- NEW YORK, NY / ACCESSWIRE / November 15, 2023 / OLB Group, Inc. (NASDAQ:OLB), a diversified Fintech eCommerce merchant services provider and Bitcoin mining enterprise, announced today its financial results for the Third Quarter ending September 30, 2023. Investors can access the complete Third Quarter 10-Q at https://www.sec.gov/ix?doc=/Archives/edgar/data/0001314196/000121390023087063/f10q0923_olbgroup.htm Key Financial Highlights for Q3 2023 as Compared to Q3 2022 Revenue was $9.69 million for the quarter, compared to $6.25 million in the prior year's quarter.
- 11/15/2023
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OLB Group to Conduct Second Quarter Earnings Call November 15
- NEW YORK, NY / ACCESSWIRE / November 14, 2023 / The OLB Group, Inc. (NASDAQ:OLB), a diversified Fintech eCommerce merchant services provider and Bitcoin mining enterprise, will hold an Earnings Conference Call on November 15, 2023 at 4:30 PM Eastern Daylight Time. Shareholders and interested investors are invited to participate in the Company's earnings call.
- 11/14/2023
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DMINT, Inc. Announces Confidential Submission of Draft Form S-1 Registration Statement
- NEW YORK, NY / ACCESSWIRE / October 16, 2023 / DMINT, Inc., a wholly-owned subsidiary of The OLB Group, Inc. (NASDAQ:OLB), a diversified payments company, announced today that it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (the "SEC"). The registration statement is expected to become effective after the SEC completes its review process, subject to market and other conditions.
- 10/16/2023
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OLB Group Inc. to Participate in 2023 M-Vest Virtual Tech Conference Series on October 10 - October 11
- NEW YORK, NY / ACCESSWIRE / October 9, 2023 / OLB Group, Inc. (NASDAQ:OLB), a diversified payments company with a Bitcoin mining subsidiary (DMint) to be spun off to shareholders, announced today that Ronny Yakov, CEO of OLB Group,will present at the 2023 Virtual Tech Conference Series, presented by Maxim Group LLC and hosted by M-Vest, on October 10th - 11th from 9:00 a.m. - 5:00 p.m.
- 10/09/2023
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OLB Group to Present at 25th Annual H.C. Wainwright Global Investment Conference
- NEW YORK, NY / ACCESSWIRE / September 11, 2023 / OLB Group, Inc. (NASDAQ:OLB), a diversified payments company with a Bitcoin mining subsidiary, announced today that Ronny Yakov, CEO of OLB Group, will be presenting at the H. C. Wainwright 25th Annual Global Investment Conference being held September 11-13, 2023 at the Lotte New York Palace Hotel in New York City.
- 09/11/2023
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OLB Group, Inc. to Conduct Virtual Presentation at Investor Summit on Wednesday, August 30
- New York, New York--(Newsfile Corp. - August 29, 2023) - OLB Group, Inc. (NASDAQ: OLB), a diversified payments company with a Bitcoin mining subsidiary, announced today that Ronny Yakov, CEO of OLB Group, will be giving a virtual presentation on Wednesday, August 30th at 11 a.m. ET. Interested investors and OLB shareholders are invited to pre-register or access live at the link below: Presentation: August 30, 2023 at 11:00 a.m.
- 08/29/2023
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OLB Group to Conduct Second Quarter Earnings Call Today, August 21
- NEW YORK, NY / ACCESSWIRE / August 21, 2023 / The OLB Group, Inc. (NASDAQ:OLB), a diversified Fintech eCommerce merchant services provider and Bitcoin mining enterprise, will hold an Earnings Conference Call on August 21, 2023 at 4:30 PM Eastern Daylight Time. Shareholders and interested investors are invited to participate in the Company's earnings call.
- 08/21/2023
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OLB Group Announces Financial Results for Second Quarter, 2023
- NEW YORK, NY / ACCESSWIRE / August 21, 2023 / OLB Group, Inc. (NASDAQ:OLB), a diversified Fintech eCommerce merchant services provider and Bitcoin mining enterprise, announced today its financial results for the Second Quarter ending June 30, 2023. Investors can access the complete Second Quarter 10-Q at: https://app.quotemedia.com/data/downloadFiling?webmasterId=102575&ref=317701215&type=HTML&symbol=OLB&cdn=bad2a0c51d4eeb920bd8cb700d27293d&companyName=The+OLB+Group%2C+Inc.&formType=10-Q&formDescription=General+form+for+quarterly+reports+under+Section+13+or+15%28d%29&dateFiled=2023-08-21 Key Financial Highlights for Q2 2023 as Compared to Q2 2022 Revenue was $8.34 million for the quarter, compared to $8.37 million in the prior year quarter.
- 08/21/2023
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Cuentas Announces OLB Group's Purchase of Controlling Interest In Cuentas SDI, and the Black011.com Commerce Platform, Enabling the Companies to Offer an Increasing Array of Next-Generation Location-Based Physical and Digital Services to Accelerate the Gr
- MIAMI BEACH, Fla., July 17, 2023 /PRNewswire/ -- Cuentas, Inc. (Nasdaq: CUEN) (Nasdaq: CUENW) ("Cuentas"), the Company that is creating an alternative financial ecosystem for a hard working population who do not have access to traditional financial alternatives, announced today that OLB Group (NASDAQ: OLB), a leading provider of fintech, digital assets and payment, has acquired the remaining controlling interest of Cuentas SDI LLC (Cuentas SDI). Cuentas is a minority shareholder of Cuentas SDI which has over 31,000 convenience stores in its network, with locations across the New York, New Jersey and Connecticut tri state area.
- 07/17/2023
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OLB Group to Present at Emerging Growth Conference on April 19 at 2:20 PM
- Fintech Company Management to Highlight Continued Revenue Growth, Acquisition Strategy and Planned Spinoff of Bitcoin Mining Subsidiary NEW YORK, NY / ACCESSWIRE / April 19, 2023 / OLB Group, Inc. (NASDAQ:OLB), a diversified Fintech eCommerce merchant services provider and Bitcoin mining enterprise, announced today that its management team will be presenting at the Emerging Growth Virtual Conference on Wednesday, April 19 from 2:20-2:50 PM. Ronny Yakov Chairman & CEO of OLB Group and Patrick Smith, Vice President of OLB Group will be providing an overview of the Company's e-commerce merchant services, planned spinoff of DMint, OLB Group's wholly-owned Bitcoin mining subsidiary, and acquisition strategy in the Fintech sector.
- 04/19/2023
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OLB Group to Present at Emerging Growth Conference November 30 at 2:05 PM
- Management Team to Highlight Strong Revenue Growth and Partnership with Cuentas, Inc. NEW YORK, NY / ACCESSWIRE / November 28, 2022 / OLB Group, Inc. (NASDAQ:OLB), a diversified Fintech eCommerce merchant services provider and cryptocurrency mining enterprise, announced today that its management team will be presenting at the Emerging Growth Virtual Conference on Wednesday, November 30 from 2:05-2:35 PM. Ronny Yakov Chairman & CEO of OLB Group and Patrick Smith, Vice President of OLB Group will be providing an overview of the Company's e-commerce merchant services and crypto mining operations including recent partnership with Cuentas, Inc. (Nasdaq:CUEN).
- 11/28/2022
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OLB Group to Present at H.C. Wainwright Global Investment Conference on Monday, September 12
- NEW YORK--(BUSINESS WIRE)--OLB Group, Inc. (NASDAQ: OLB), a diversified Fintech eCommerce merchant services provider and cryptocurrency mining enterprise, announced today that its management team will be presenting at the H.C. Wainwright Global Investment Conference on Monday, September 12 from 10-10:30 AM. The conference is being held as a hybrid (in-person and virtual) conference at the Lotte New York Palace Hotel in New York City. Ronny Yakov Chairman & CEO of OLB Group and Patrick Smith
- 09/09/2022
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Top Strategies for Buying Penny Stocks in September? 3 to Know
- Use these strategies for buying penny stocks in September The post Top Strategies for Buying Penny Stocks in September? 3 to Know appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
- 08/28/2022
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OLB Group to Conduct Earnings Conference Call on August 15, 2022 at 4:30 Eastern Time
- NEW YORK--(BUSINESS WIRE)--The OLB Group, Inc. (NASDAQ:OLB), a diversified Fintech eCommerce merchant services provider and cryptocurrency mining enterprise, will hold an Earnings Conference Call on August 15, 2022 at 4:30 PM Eastern Time. Shareholders and interested investors are invited to participate in the Company's earnings call. Questions can be submitted after registering and during the call. Register in advance for this meeting: https://us06web.zoom.us/meeting/register/tZYld-CtrDIqGtEsK
- 08/11/2022
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OLB Group to Present at H.C. Wainwright Global Investment Conference
- NEW YORK--(BUSINESS WIRE)--OLB Group, Inc. (NASDAQ: OLB), a diversified Fintech eCommerce merchant services provider and cryptocurrency mining enterprise, announced today that its management team will be presenting at the H.C. Wainwright Global Investment Conference. The conference is being held as a hybrid (in-person and virtual) conference on May 23-26, 2022 at the Fontainebleau Miami Beach Hotel. Ronny Yakov Chairman & CEO of OLB Group (NASDAQ: OLB), will be providing an overview of the
- 05/23/2022
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OLB Group's (OLB) CEO Ronny Yakov on Q1 2022 Results - Earnings Call Transcript
- OLB Group, Inc. (NASDAQ:OLB ) Q1 2022 Earnings Conference Call May 12, 2022 4:15 PM ET Company Participants Matt Kepke – Corporate Counselor Ronny Yakov – Chief Executive Officer Patrick Smith – Corporate Finance Conference Call Participants Unidentified Company Representative [Call Starts Abruptly] Matt, go ahead. Matt Kepke Hi.
- 05/13/2022
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The OLB Group (OLB) CEO Ronny Yakov on Q4 2021 Results - Earnings Call Transcript
- The OLB Group (OLB) CEO Ronny Yakov on Q4 2021 Results - Earnings Call Transcript
- 03/28/2022
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REMINDER: OLB Group Inc. to Report Fourth Quarter and Full Year 2021 Results Today, March 28, 2022, at 4:15 p.m. Eastern Time
- NEW YORK--(BUSINESS WIRE)--The OLB Group, Inc. (NASDAQ: OLB) ("OLB", the "Company"), an emerging FinTech company leveraging proprietary omnicommerce and blockchain technology to build customized payment solutions, will release financial results for the fourth quarter and full year ended December 31, 2021 after market close on Monday March 28, 2022. Management will host a conference and video call today at 4:15 p.m. Eastern time to discuss OLB's financial results for the fourth quarter and full
- 03/28/2022
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OLB Group Inc. to Report Fourth Quarter and Full Year 2021 Results on Monday, March 28, 2022 at 4:15 p.m. Eastern Time
- NEW YORK--(BUSINESS WIRE)--The OLB Group, Inc. (NASDAQ: OLB) ("OLB", the "Company"), an emerging FinTech company leveraging proprietary omnicommerce and blockchain technology to build customized payment solutions, will release financial results for the fourth quarter and full year ended December 31, 2021 after market close on Monday March 28, 2022. Management will host a conference call on Monday, March 28, 2022 at 4:15 p.m. Eastern time to discuss OLB's financial results for the fourth quarter
- 03/25/2022
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Trading Penny Stocks? Top Stock Market News for February 2nd, 2022
- Here's what you need to know about trading penny stocks on February 2nd The post Trading Penny Stocks? Top Stock Market News for February 2nd, 2022 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
- 02/02/2022
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OLB Group (OLB) Stock: Why The Price Jumped Up Today
- The stock price of OLB Group Inc (NASDAQ: OLB) increased by over 20% pre-market today. This is why it happened.
- 02/02/2022
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Best Penny Stocks to Buy Today? 3 That Climbed in Premarket
- Which penny stocks are you watching today? The post Best Penny Stocks to Buy Today?
- 01/13/2022
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8 Cannabis Stocks on Fire As December Heats Up
- Welcome back to our weekly series, Schaeffer's Cannabis Stock News Update , where we recap what happened in the world of marijuana stocks and look ahead to how the cannabis industry continues to shape up in 2021.
- 12/03/2021
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4 Penny Stocks To Watch This Week
- Looking for hot penny stocks right now? Check out these 4.
- 11/22/2021
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OLB Stock: The Big Crypto Catalyst Sending OLB Group Up 100% Today
- Today, OLB stock is surging following the company's announcement that it will be a key partner for Mastercard in its crypto services launch. The post OLB Stock: The Big Crypto Catalyst Sending OLB Group Up 100% Today appeared first on InvestorPlace.
- 11/02/2021
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OLB Group Expands Bitcoin Mining Operation With 500 ASIC Miners, Expects $1M Monthly Revenue
- OLB Group, Inc. (NASDAQ:OLB), a cloud-based merchant service provider, is expanding its Bitcoin (CRYPTO: BTC) mining enterprise DMint. What Happened: DMint will add 500 Antminer S19j Pro cryptocurrency mining computers by the end of the year and add five additional Bitcoin data centers, the company said Tuesday.
- 10/26/2021
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OLB Stock: The Bitcoin Mining News That Has The OLB Group Rallying Today
- The OLB Group (OLB) stock is running higher Tuesday after the launch of Bitcoin (BTC) mining operations at one of its subsidiaries. The post OLB Stock: The Bitcoin Mining News That Has The OLB Group Rallying Today appeared first on InvestorPlace.
- 10/19/2021
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OLB Stock: Why It Increased Today
- The stock price of OLB Group Inc (NASDAQ: OLB) increased over 4% pre-market today. This is why it happened.
- 09/14/2021
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OLB Group CEO to Present at the H.C. Wainwright 23rd Annual Global Investment Conference
- NEW YORK--(BUSINESS WIRE)--The OLB Group, Inc. (NASDAQ: OLB), a provider of cloud-based omnicommerce and payment acceptance solutions for small- and mid-sized merchants, announced that its chief executive officer, Ronny Yakov, will present details of the company's successful product initiatives utilizing blockchain and cryptocurrency integrations at the H.C. Wainwright 23rd Annual Global Investment Conference. The virtual conference is taking place September 13-15, and Yakov will present “Crypt
- 09/10/2021
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OLB Group CEO Ronny Yakov to Discuss Payments Trends at Mobile Payments Conference
- NEW YORK--(BUSINESS WIRE)--The OLB Group, Inc. (NASDAQ: OLB), a provider of cloud-based omnicommerce and payment acceptance solutions for small- and mid-sized merchants, announced that Ronny Yakov, the company's chief executive officer, will be a featured panelist at the upcoming Mobile Payments Conference and will discuss payment acceptance and merchant processing trends. The virtual conference takes place August 17-19, 2021. Yakov's panel is scheduled for 3:10 p.m. ET/12:10 p.m. PT on August
- 08/17/2021
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OLB Group Inc. to Report Second Quarter 2021 Results on Thursday, August 12 at 5:00 p.m. Eastern Time
- NEW YORK--(BUSINESS WIRE)--OLB Group (NASDAQ: OLB) ("OLB", the "Company"), an emerging FinTech company leveraging proprietary omnicommerce and blockchain technology to build customized payment solutions, will release financial results for the second quarter 2021 after market close on Thursday August 12, 2021. Management will host a conference call on Thursday, August 12, 2021 at 5:00 p.m. Eastern time to discuss OLB's second quarter 2021 financial results, provide a corporate update, and conclu
- 08/11/2021
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OLB Group Commands e-Commerce Space with 8,500 Merchants, $775 Million in Transactions
- Image by Media Modifier from Pixabay It's no surprise that within the year 2020 alone, over $4.2 trillion worth of goods and services were purchased online. As more consumers browse the internet instead of visiting typical brick-and-mortar stores, there is a growing need for retailers to pivot to the e-commerce space to not only thrive, but survive.
- 08/03/2021
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OLB Group Signs Letter of Intent to Acquire a Portfolio of CBD Merchants with Annual Volumes of Over $300M
- New York, July 24, 2021 The OLB Group, Inc. (NASDAQ: OLB), a provider of cloud-based omnicommerce and payment acceptance solutions for small- and mid-sized merchants, announced it has signed a non-binding letter of intent (LOI) to acquire a portfolio of CBD and other merchants that will utilize the company's SecurePay Payment Gateway to process payments. The group of merchants to be acquired have reported annual volume of greater than $300 million.
- 07/27/2021
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OLB Stock Price Increased 19.87%: Why It Happened
- The stock price of The OLB Group, Inc. (NASDAQ: OLB) increased by 19.87%. This is why it happened.
- 03/03/2021
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Blockchain Stocks: The OLB Group Rockets on Cryptocurrency Payment Options News
- Leading blockchain stocks news on Wednesday morning is The OLB Group (OLB) after new cryptocurrency payment options sent OLB stock soaring. The post Blockchain Stocks: The OLB Group Rockets on Cryptocurrency Payment Options News appeared first on InvestorPlace.
- 02/10/2021
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OLB Stock Price Increases Over 80% Pre-Market: Why It Happened
- The stock price of OLB Group Inc (NASDAQ: OLB) is trading at over 80% pre-market today as of 8:39 AM ET. This is why it happened.
- 02/10/2021
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Wall Street Breakfast: The Week Ahead
- Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify.
- 08/30/2020
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OLB Group Announces Second Quarter Results and Provides Company Update
- Payment Facilitator Raises $6.45 Million and Lists on NASDAQ Capital MarketsNEW YORK, Aug. 17, 2020 (GLOBE NEWSWIRE) -- The OLB Group, Inc. (NASDAQ: OLB) ("OLB” or the "Company"), a FinTech company, has announced financial results for second quarter ended June 30, 2020 and is providing an update on other company developments. OLB is a FinTech company and a payment facilitator that, through its subsidiaries, focuses on a suite of products in the merchant services and payment facilitator verticals. These services include electronic payment processing, cloud-based multi-channel commerce platform solutions for small to medium sized businesses and crowd funding services. The Company is focused on providing these integrated business solutions to merchants throughout the United States through three wholly-owned subsidiaries, eVance, Inc., Omnisoft.io, Inc., and CrowdPay.us, Inc.Financial Highlights * Revenues for the six months ended June 30, 2020 were $4.6 million. * Adjusted EBITDA for the six months ended June 30, 2020 was $144,767Highlights of financial results for the three months ended June 30, 2020 (unaudited) are as follows: For the Six Months Ended June 30, 2020 Total revenue$4,614,028 Total operating expenses$5,035,087 Loss from operations$(421,059) Total other expense$(631,557) Net Loss$(1,052,616) Amortization and depreciation expense$416,005 Interest expense$632,186 EBITDA$(4,425) Stock Based Compensation expenses$149,192 Adjusted EBITDA$144,767 As a result of the response to the COVID-19 pandemic in the United States, OLB did experience disruptions to its business as a result of disruptions with its customers and merchants, which has resulted in a decline in transaction volume. Since June, the Company has had an overall increase in the number of transactions compared to the monthly transactions processed in March through May. Key Highlights for Second Quarter of 2020 and Subsequent Events * OLB closed a successful capital raise with Aegis Capital receiving gross proceeds of $6,450,000 * Completed uplisting of OLB common stock to NASDAQ Capital Markets trading under the symbol OLB * George Kastisiaunis, Ehud Ernst and Amir Sternhell joined Board of Directors * Acquired more than 300 merchants from DoubleBeam in May and aggregated acquired merchants with Omni Soft omni commerce applications and implemented newly developed “order ahead” commerce system and KDS (Kitchen Display System) * Reduced total debt by approximately $5.7 to approximately $8.4 by converting $4.6 million of debt into equity and paying down $1.1 million of the Company’s senior debt (we had $13.9 million of indebtedness the same time last year) * Increased ecommerce business merchants during second quarter compared to retail (brick and mortar) merchants * Integrated ACH System into the Company’s Payment Gateway with next day depositsTo see a complete version of the Company’s Quarterly Report on Form 10-Q please click on the following link: https://www.sec.gov/Archives/edgar/data/1314196/000121390020022316/f10q0620_theolbgroup.htmAbout The OLB Group, Inc. (OLB) The OLB Group, Inc. is a payment facilitator and commerce service provider that delivers fully outsourced private label shopping solutions to highly trafficked websites and retail locations. The Company provides end-to-end e-commerce, mobile and retail solutions to customers. These services include electronic payment processing, cloud-based multi-channel commerce platform solutions for small to medium-sized businesses and crowdfunding services. The Company is focused on providing these integrated business solutions to merchants throughout the United States through three wholly-owned subsidiaries, eVance, Inc., Omnisoft.io, Inc., and CrowdPay.us, Inc.OLB Group, Inc.’s common stock is traded on the NASDAQ Capital Market under the stock symbol: OLB. Additional information about the Company can be found at http://www.olb.comAbout Non-GAAP Financial Measures This press release contains non-GAAP financial measures, Net Loss before Interest, Taxes, Depreciation and Amortization (“EBITDA”) and adjusted EBITDA, as defined in Regulation G. The Company reports its financial results in compliance with GAAP, but also provides additional non-GAAP measures of its operating results. The Company defines EBITDA as net loss, before interest, taxes, depreciation and amortization. The Company defines adjusted EBITDA as EBITDA, as defined above, adding back non-cash stock option costs and certain non-recurring items, such as costs incurred with completing acquisitions. These measures may not be comparable to similarly titled measures reported by other companies. Management believes the use of EBITDA and adjusted EBITDA is appropriate to enhance the understanding by the Company’s investors of its historical performance through use of a metric that seeks to normalize earnings.Forward Looking StatementsAll statements from The OLB Group, Inc. in this news release 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 crowd funding 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, but are not limited to, uncertainty regarding our ability to integrate the companies that we have recently acquired and to repay outstanding indebtedness and fund our operations. 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 Form 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.Investors & Analysts Contact: Investor Relations (212) 278-0900 EXT 333 InvestorRelations@olb.comTo get news updates about the company please register https://olb.com/category/news/
- 08/17/2020
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Aegis Capital Corp. acted as Sole Bookrunner on a $6.45 Million Uplisting for OLB Group (NASDAQ: OLB)
- NEW YORK, NY / ACCESSWIRE / August 12, 2020 / Aegis Capital Corp.
- 08/12/2020
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Estimating The Fair Value Of The OLB Group, Inc. (NASDAQ:OLB)
- Does the August share price for The OLB Group, Inc. (NASDAQ:OLB) reflect what it's really worth? Today, we will...
- 08/12/2020
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OLB Group Closes $6.45 Million Public Offering Including Full Exercise of Warrant Overallotment Option
- NEW YORK, Aug. 11, 2020 (GLOBE NEWSWIRE) -- The OLB Group, Inc. (“OLB,” or the “Company”), fintech and payment facilitator, today announced the closing of its previously announced underwritten public offering of 700,000 units consisting of one share of common stock, two Series A warrants, and one half of one Series B warrant. Aegis Capital has fully exercised its option to purchase 210,000 Series A warrants and 52,500 Series B warrants. OLB received gross proceeds of approximately $6.45 million from the offering, before deducting underwriting discount and estimated offering expenses.Aegis Capital Corp. is acting as sole bookrunner for the offering.This offering is being made pursuant to an effective registration statement on Form S-1 (No. 333-232368) previously filed with the U.S. Securities and Exchange Commission (the "SEC") and declared effective by the SEC on August 6, 2020. A final prospectus describing the terms of the proposed offering has been filed with the SEC and is available on the SEC's website located at http://www.sec.gov.Electronic copies of the final prospectus, when available, may be obtained by contacting Aegis Capital Corp., Attention: Syndicate Department, 810 7th Avenue, 18th floor, New York, NY 10019, by email at syndicate@aegiscap.com, or by telephone at (212) 813-1010. Before investing in this offering, interested parties should read in its entirety the prospectus, which provides more information about the Company and such offering.About The OLB Group, Inc. (OLB)The OLB Group, Inc. is a payment facilitator and 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. These services include electronic payment processing, cloud-based multi-channel commerce platform solutions for small to medium-sized businesses and crowdfunding services. The Company is focused on providing these integrated business solutions to merchants throughout the United States through three wholly-owned subsidiaries, eVance, Inc., Omnisoft.io, Inc., and CrowdPay.us, Inc.OLB Group, Inc.’s common stock is traded on the NASDAQ Capital Market under the stock symbol: OLB. Additional information about the Company can be found at http://www.olb.comInvestors & Analysts Contact:Ronny Yakov Chief Executive Officer (212) 278-0900 ir@olb.com
- 08/11/2020
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