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Company News OLBG OLBG OLB Group, Inc. (The) OTCBB
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The OLB Group Inc.: Rated 'Speculative Buy,' Target Price $0.52 by Beacon Equity Research
DALLAS--(BUSINESS WIRE)-- OLB Group Inc. (OTCBB: OLBG) has been rated Speculative Buy with a price target of $0.52 by Beacon Analyst, Victor Sula, Ph.D.
Anyone interested in receiving alerts regarding OLBG research should e-mail members*beaconequity.com with "OLBG" in the subject line.
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(TM) DSD and $519.95 for ShopFast(TM) 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), Art Technology Group (Nasdaq: ARTG), eBay Inc. (Nasdaq: EBAY) and Amazon.com Inc. (Nasdaq: AMZN).
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
Source: The OLB Group Inc.
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OLB Group, Inc. Initiates Fourth Quarter Marketing Campaign to Include Aggressive Nationwide Radio Campaign to Increase Revenue Company Management Sees Significant Opportunity in Introducing E-Commerce Websites to Entrepreneurs
NEW YORK, Sep 29, 2009 (BUSINESS WIRE) -- OLB Group, Inc. /quotes/comstock/11k!olbg (OLBG 0.11, +0.01, +5.00%) 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 ir*olb.com.
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