The OLB Group, Inc., (NASDAQ:OLB), a diversified Fintech eCommerce service provider providers supplier and Bitcoin mining enterprise, introduced as we speak that senior administration, together with the OLB’s Chairman & CEO, Ronny Yakov and Patrick Smith, Vice President of Finance, collectively bought 114,143 shares of OLB between since December 1, 2022 in open-market transactions and every at the moment has plans to proceed so as to add to their positions periodically. As well as, as of December 20, 2022, the Firm has bought 116,272shares below the Firm’s beforehand introduced inventory buyback program to scale back its shares excellent depend by 1,000,000 shares.
Ronny Yakov, CEO of OLB, stated, “As we beforehand introduced, our Board of Administrators has approved a inventory buyback to purchase our frequent inventory sometimes as market situations warrant to scale back our shares excellent at traditionally low valuations. Contemplating OLB’s present market cap is just about $13 million with our Yr over Yr income development approaching 100% to a income projection of over $31 million for 2022, Patrick and I’ve determined to buy shares personally when permitted as we consider the buying and selling value doesn’t replicate the worth of the shares.”
Future OLB Press Releases and UpdatesInterested buyers or shareholders could be notified of future Press releases and Business Updates by e-mail: [email protected]
About The OLB Group, Inc.The OLB Group, Inc. is a diversified Fintech eCommerce service provider providers supplier and Bitcoin crypto mining enterprise. The Firm’s eCommerce platform delivers cloud-based service provider providers for a complete digital commerce answer to over 10,500 retailers in all 50 states. DMint, a completely owned subsidiary of OLB Group, is engaged within the mining of Bitcoin using sustainable pure gasoline with an preliminary deployment of environment friendly 1,000 ASIC-based S19j Professional 96T mining computer systems.
For extra details about The OLB Group, please go to https://www.olb.com and http://buyers.olb.com
Secure Harbor StatementAll statements from The OLB Group, Inc. on this information launch that aren’t primarily based on historic truth are “forward-looking statements” throughout the which means of the Personal Securities Litigation Reform Act of 1995 and the provisions of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Trade Act of 1934, as amended. These forward-looking statements embody, however should not restricted to, statements regarding the influence of COVID-19 on our operations and monetary situation, our potential to implement our proprietary service provider boarding and CRM system and to roll out our Omni Commerce and SecurePay functions, together with fee strategies, to our present retailers and the combination of our safe fee gateway with our crowdfunding platform, our potential to efficiently launch a cryptocurrency mining operation and our potential to earn income from the brand new operations. Whereas the Firm’s administration has primarily based any forward-looking statements contained herein on its present expectations, the knowledge on which such expectations had been primarily based might change. These forward-looking statements depend on quite a lot of assumptions regarding future occasions and are topic to quite a lot of dangers, uncertainties, and different elements, a lot of that are exterior of our management, that might trigger precise outcomes to materially differ from such statements. Such dangers, uncertainties, and different elements embody statements concerning the anticipated income and revenue for operations to be generated by The OLB Group, Inc. For different elements that will trigger our precise outcomes to vary from these which can be anticipated, see the knowledge below the caption “Threat Components” within the Firm’s most up-to-date Kind 10-Okay and 10-Q filings, and amendments thereto, in addition to different public filings with the SEC since such date. The Firm operates in a quickly altering and aggressive surroundings, and new dangers might come up. Accordingly, buyers shouldn’t place any reliance on forward-looking statements as a prediction of precise outcomes. The Firm disclaims any intention to, and undertakes no obligation to, replace or revise any forward-looking assertion.
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