OLB Group’s Chairman and CEO Issues Open Letter to Shareholders Providing a Status Update on eCommerce Fintech Services and Cryptocurrency Plans

– We are on track as the company eCommerce Revenue Run Rate Increased from $10 Million to Over $36 Million with the recent Acquisition

– First Revenue Contribution from Bitcoin Mining Operations to be Recognized in the First Quarter as we started mining at the end of 2021

NEW YORK, May 05, 2022 –( BUSINESS WIRE )–The OLB Group, Inc. (NASDAQ:OLB) a diversified Fintech eCommerce merchant services provider and cryptocurrency mining enterprise, issued the following open letter to shareholders today from Ronny Yakov, Chairman and CEO.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220505005251/en/ (Graphic: Business Wire)

Dear Fellow Shareholders:

We are pleased to provide you with an update on the substantial progress our business has made in 2021 and in the first three months of 2022 with our core business in eCommerce FinTech services and our expansion into Bitcoin mining.

As we grow and expand OLB, technology is constantly changing. We must adapt to new software and innovations in order to constantly be a cutting-edge company. We are also investing a tremendous amount of time and money to expand the infrastructure required to continue our expansion into new marketplaces and to take advantage of new technologies to provide our customers with many solutions for their business.

Our Mission To facilitate brick &mortar store merchants with OmniCommerce solutions, combined with a financial Dashboard where they can manage their Business: Payments B2B payments management (vendors, suppliers) Inventory management Social media marketing Cash flow Loans Line of credit Employee’s wages & benefits Our Vision To become a crypto charter bank. OLB will serve Omni commerce stores by bridging Crypto’s new payment rails to the existing traditional payment system.Businesses will soon be able to accept all kinds of payment methods, managing all financial needs, including NFT […]

Click here to view original web page at nz.finance.yahoo.com

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