Sep. 1, 2009 (Business Wire) — The OLB Group, Inc (OTCBB:OLBG), (www.olb.com) announced today that the company has signed an agreement that will expand its fulfillment and distribution program with one of the largest fulfillment sources in the USA. OLB Group will be able to offer the following products to consumers and the companies that will be using the services of ShopFast DSD and ShopFast PC: any book from a selection of 875,000 books in hard and soft cover; 207,000 Music CDs that are in the market; a selection of over 54,000 DVDs; and the most popular 2,300 SKUs for video games for Sony PlayStation, Xbox 360 and other software games that are in the market.
The fulfillment company is the largest Consumer Direct Fulfillment for books, music, video and games in the world and the only national distributor that can ship these four product formats in “One Box” from any of its five strategically located warehouses. The fulfillment company has the world’s broadest in-stock inventory of 1.1 million SKUs and a 4.3 million book title database. It also has the shipping capability to reach 73% of the U.S. population within 1 day and 98% within 2 days via standard ground delivery. The fulfillment company has flexible, service-oriented systems and ships more consumer direct shipments than any other distributor.
The fulfillment and distribution center has direct relationships with more that 200 music suppliers representing over 4,700 labels, as well as 600 video suppliers incorporating over 1,300 production companies. Our video category is specifically designed to appeal to the discerning Internet shopper, containing documentaries, foreign language films, Anime and Spanish titles, in addition to all of the hottest new releases and beloved favorites. The video games section includes a comprehensive inventory of software, hardware, and accessories.
All of the information above regarding the fulfillment company is based solely on information provided to us by the fulfillment company. We have assumed, without any independent verification or other responsibility therefore, the accuracy of such information.
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About The OLB Group, Inc.
The OLB Group is an e-commerce service provider that delivers fully outsourced private label shopping solutions. We provide our clients with a seamless, end-to-end e-commerce solution, including site creation, hosting, transaction processing, order fulfillment, customer service, sales reporting, as well as a virtual inventory of name-brand products from top-selling categories on the Internet. Our private label shopping site is designed to maintain the unique look and feel of our customer’s website, providing seamless e-commerce functionality that keeps users on the on the shopping site at all times. Order fulfillment and customer service are also provided under the brand names of our clients. We remain invisible to the consumer. Our e-commerce platform also enables our clients to create their own online marketing promotions and to customize product content to meet the needs of their online users. Our turnkey online shopping solutions include “ShopFast Direct Shopping Database” or “ShopFast DSD.” and ShopFast PC (profit center).
For more information, please visit http://www.olb.com/ http://www.shopfast.com/ http://www.shopfast.net/
Legal Notice Regarding Forward-Looking Statements: “Forward-looking statements” may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. The OLB Group, Inc. disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, changes in our business strategies.
