Last $0.99 USD
Change Today 0.00 / 0.00%
Volume 0.0
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As of 8:10 PM 09/5/14 All times are local (Market data is delayed by at least 15 minutes).

olb group inc (OLBG) Key Developments

The OLB Group, Inc. Auditor Raises 'Going Concern' Doubt

The OLB Group, Inc. filed its 10-K on Mar 28, 2014 for the period ending Dec 31, 2013. In this report its auditor, H J & Associates, LLC, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

The OLB Group, Inc. Announces New Mobile Commerce SaaS Product Services

The OLB Group, Inc. announced the launch of a new Mobile Commerce SaaS service within its existing framework. The service will provide a turnkey solution to small businesses and retailers, merchant banks and ISOs that are looking for a one-stop unified solution to their eCommerce, mCommerce, marketing, Point-of-Sale and inventory management. OLB Group will be presenting the new Point-of-Sales (POS) cloud solution at the ETA show in New Orleans (April 30(th) -- May 2(nd)). The company is implementing unified solution and inventory management, available to retailers and managed in a single dashboard. A small retailer will be able to get a POS system on an iPod or any tablet, and access the same POS from any regular computer. Companies with several locations will be able to manage inventory and track it with QR and barcodes. Coupons, loyalty programs, as well as data feeds are enabled to all major search engines such as Google, Bing and Yahoo. Available the second quarter of 2013, OLB Group will unveil a new billing system that can be used with cloud invoicing, and also to collect payments with credit cards and electronic checks (ACH). Payment methods may be stored to avoid entering them every time. The company launched the 'White Label' solution for Merchant Banks and ISOs as an integrated API to system. This solution provides the tools to compete with payment solutions in the marketplace but not combined as a unified solution. These services provide a very affordable solution for small retailers as the need to compete with online retailers and daily offers grows in the months and years ahead.

The OLB Group, Inc. Auditor Raises 'Going Concern' Doubt

The OLB Group, Inc. filed its 10-K on Apr 01, 2013 for the period ending Dec 31, 2012. In this report its auditor, H J & Associates, LLC, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

 

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Valuation OLBG Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 78.9x
Price/Book NM Not Meaningful
Price/Cash Flow NM Not Meaningful
TEV/Sales 78.1x

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