OM Holdings International Inc (OTCQX: OMHI) expands its footprint with the grand opening of its first neighborhood OneMart store in Baughers Bay, British Virgin Islands (BVI). The design and location add to the OneMart’s ‘People’s Store’ concept by being conveniently located near residential areas and in line with the company strategy and vision to meet customers’ needs in their communities and will further promote the delivery app ‘DoGetGo’.
Mark Vanterpool, President, and Chairman of OM Holdings International, Inc., stated, “OneMart new stores expansion continues despite delays. Asdue to logistical and equipment manufacturing issues. During the COVID-19 Pandemic, sourcing equipment for supermarkets has been challenging. However, we successfully solved this by accessing auctions of existing equipment.”
“Our business plan includes eight new OneMart store openings throughout BVI over the next two years. We intend to develop a network of stores across the BVI that will serve as like Amazon-like hubs to facilitate faster delivery times of essentials through the DoGetGo Super App. As we open new stores, we believe there will be a benefit from economies of scale allowing us to increase profit margins as a result of our purchasing power,” concluded Mr. Vanterpool.
The company is pleased to provide an update on the East End Store: East End Fat Hogs Bay superstore is scheduled to open in the third quarter. The New East End Store construction is completed, equipment and shelves are in place, and equipment installation and testing is in progress.
About OM Holdings International, Inc.
OM Holdings International, Inc. operates delivery services and grocery stores in the Caribbean, with a mobile application delivery platform that provides an expedient, contactless option for the transportation of people and essential goods. The company's storefront, OneMart, is the second-largest grocery store in the BVI. OHMI's delivery subsidiary, Rydeum, has partnered with Jamacia’s largest taxicab union, JUTA. The company also provides lumber and other construction supplies to contractors throughout the Caribbean.
For more information, please visit https://omholdingsinc.com/.
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OneMart store in Baughers Bay, British Virgin Islands (BVI)
