OLB Introduces Omnisoft Cloud-Based Commerce Platform

Comprehensive suite of integrated business services includes inventory, back-office, and payment acceptance to simplify operations and reduce costs

New York, NY, July 10, 2018 (GLOBE NEWSWIRE) -- The OLB Group, Inc. (OTCQB: OLBG), a provider of merchant-centric SaaS solutions for small and medium businesses, announced the release of its Omnisoft cloud-based merchant service platform. Omnisoft integrates multiple business functions into a single, intuitive portal to help businesses facilitate operations and improve overall performance. Omnisoft is available through Independent Sales Organizations (ISOs) and merchant banks.

“Most businesses are burdened with juggling multiple software programs to manage different operational elements, which requires a substantial amount of time to learn, manage, and maintain each system,” said Ronny Yakov, chief executive officer of OLB. “Omnisoft.o alleviates this pain point by delivering a fully integrated and comprehensive tool to manage multiple business functions from one screen, thereby allowing personnel to regain control of their time and empowering them to focus on engaging with customers and building profits.”

Omnisoft.io is a cloud-based platform which integrates inventory control, marketing, sales – online and in store—and web services into a single portal. It has an advanced API and pre-built integrations with leading accounting applications, payment terminals, and shipping services, to streamline operations. In addition, Omnisoft delivers robust marketing tools for web-based stores, outbound marketing campaigns, customer curation, and social media engagement. Merchants can flexibly access Omnisoft via computer, tablet, or mobile device.

Hosted on Microsoft Azure, Omnisoft removes the need for merchants to install or maintain business applications onsite—Omnisoft takes care of these tasks remotely. In addition, Omnisoft incorporates a payment processing gateway to enable seamless payment processing at competitive rates utilizing many major POS terminals.

“Merchants can always benefit from the elimination of operational complexity,” said Rick Oglesby, president of AZ Payments Group. “ISOs seeking to expand their value and services can open new doors and revenue opportunities by offering more robust solutions. Omnisoft offers end-to-end solutions focused on helping merchants lead simpler lives.”

For more information about The OLB Group and http://Omnisoft.io, please visit www.olb.com.

Safe Harbor Statement

All statements from The OLB Group, Inc. in this news release that are not based on historical fact are "forward-looking statements" within the meaning of the PSLRA of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While the Company’s management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of our control, that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, statements regarding the expected revenue and income for operations to be generated by The OLB Group, Inc.. For other factors that may cause our actual results to differ from those that are expected, see the information under the caption “Risk Factors” in the Company’s most recent Form 10-K and 10-Q filings, and amendments thereto, as well as other public filings with the SEC since such date. The Company operates in a rapidly changing and competitive environment, and new risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. The Company disclaims any intention to, and undertakes no obligation to, update or revise any forward-looking statement.

About The OLB Group, Inc.

The OLB Group, Inc. delivers cloud-based merchant services for eCommerce, mCommerce, and brick-and-mortar SMBs. Providing a seamless, end-to-end e-commerce solution, including site creation, hosting, transaction processing and payment gateway, order fulfillment, customer service, outbound marketing, sales reporting, and fundraising. With services from private label shopping sites designed to maintain the unique look or feel of the merchant website, to order fulfillment and customer service, OLB remains invisible to the user and promotes the merchant’s brand with market-leading technology and solutions. For more information about solutions, services, or to find a reseller, please visit www.olb.com.


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