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The OLB Group Inc.: Rated 'Speculative Buy,' Target Price $0.52 by Beacon Equity Research Press Release Source: The OLB Group Inc. On Wednesday August 26, 2009, 8:00 am EDT Buzz up! 0 Print Companies:The OLB Group, Inc. DALLAS--(BUSINESS WIRE)--OLB Group Inc. (OTCBB: OLBG - News) has been rated Speculative Buy with a price target of $0.52 by Beacon Analyst, Victor Sula, Ph.D.
Related Quotes Symbol Price Change OLBG.OB 0.11 0.00
{"s" : "olbg.ob","k" : "c10,l10,p20,t10","o" : "","j" : ""} The full report is available at http://www.beaconequity.com
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In the report, the analyst writes, “OLBG plans to launch the software component of its ShopFast PC product in the fourth quarter of fiscal 2009 and begin generating meaningful revenues from software and subscription sales in 2010.
“The Company is currently distributing its e-commerce site software offering though its Web sites for an annual price of $383.52 for ShopFast™ DSD and $519.95 for ShopFast™ PC. Assuming the Company can build a customer base of 30,000 subscribers in 2010, with revenues per subscriber averaging $400, we estimate OLBG can generate $12 million in revenues in 2010.”
Other e-commerce service providers: EasyLink Services Intl Corp. (Nasdaq: ESIC - News), Art Technology Group (Nasdaq: ARTG - News), eBay Inc. (Nasdaq: EBAY - News) and Amazon.com Inc. (Nasdaq: AMZN - News).
Beacon Equity Disclosure
The analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. BeaconEquity.com is not a registered investment advisor; nothing contained in any materials should be construed as a recommendation to buy or sell any securities. BeaconEquity is a Web site wholly owned by BlueWave Advisors, which has been compensated one hundred fifty thousand free trading shares from Green Life Inc., a non controlling third party shareholder, as a marketing budget to manage a comprehensive investor awareness program including the creation and distribution of this report as well as other investor relations efforts. The report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. Please read our report and visit our Web site, BeaconEquity.com, for complete disclosures. CRD# 2207572
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