NOTE 1 - HISTORY OF OPERATIONS
The OLB Group is an OMNI Channel, eCommerce company based in New York City which utilizes multiple offshore development teams. Our product is titled ShopFast, which is an offering suite of software products for small retailers. As a cloud-based solution, the Company offers a new mobile commerce SaaS service within their existing framework. Utilizing the cloud provides a turnkey solution to small retailers, merchant acquiring banks, and white label solutions for ISOs; looking for a one-stop, unified solution to their eCommerce, mCommerce, marketing, Point-of-Sale, and inventory management needs. This cloud-based solution manages data located in physical stores, online stores and offices providing real-time dashboards with relevant information.
The company incorporated in the State of Delaware on November 18, 2004 for the purpose of merging with OLB.com (On-line Business), Inc., a New York corporation incorporated in 1993 (“OLB.com”). The merger was done for the purpose of changing our state of incorporation from New York to Delaware.
As result of the merger, the Company acquired all of the assets of OLB.com, including its intellectual property assets. In connection with the merger, each of the former common and preferred stockholders of OLB.com received five shares of our common stock in exchange for each outstanding share of OLB.com
Free historical financial statements for OLB Group Inc..
See how revenue, income, cash flow, and balance sheet financials have changed over 47 quarters since 2012. Compare with OLB stock chart to see long term trends.
Data imported from OLB Group Inc. SEC filings. Check original filings before making any investment decision.