SOURCE: The OLB Group, Inc.

March 08, 2007 16:10 ET

Harbinger Research Issues Buy Recommendation on OLB Group, Inc. With Price Target of $0.63

NEW YORK, NY -- (MARKET WIRE) -- March 8, 2007 -- Harbinger Research, LLC,, an independent research firm, issued a Research Brief today for OLB Group, Inc. (PINKSHEETS: OLBG), a start-up company which provides clients with a seamless, end-to-end e-commerce solution, including site creation, hosting, transaction processing, order fulfillment, customer service, and sales reporting, as well as a virtual inventory of name-brand products from top-selling categories on the Internet.

Senior Research analyst, Ms. Stephanie Loicano CFA, said, "Through its two software products, ShopFast DSD and ShopFast PC, clients create a customized, fully functional Internet website for a fraction of the cost involved to establish such infrastructure on their own." She continued, "With the software now developed and functional, the company is expected to scale up quickly with lower capital requirements making it easier and less expensive to grow. The subscription model also offers the promise of stable top line and earnings growth over various economic cycles."

The Harbinger Research Brief on OLB Group used conservative financial assumptions to arrive at its Speculative Buy ranking and 12-18 month target price of $0.63 for risk-tolerant investors. The research analyst noted, "We took the Company's projections of 100,000 subscribers by the end of Year 1 and assumed that goal would not be reached until Year 2."

The report provides a description of OLB Group's business, industry, product, strategy, management team, peer comparisons and investment opportunities and risks. The report is available free of charge at

To be included on the OLB Group corporate e-mail list for company updates, press releases and industry updates, please e-mail

About Harbinger Research, LLC:

Harbinger Research is a quality-leading New York-based independent equity research company that provides insightful, in-depth equity research coverage and informational reports to smaller U.S. traded companies and the individuals and institutions that invest in them.

For further information on Harbinger Research, please visit

About OLB Group, Inc.

OLB Group is a start-up company poised to benefit from the surge of individuals and businesses now selling products on the Internet. Through its two software products -- ShopFast DVD and ShopFastPC -- clients create a customized, fully functional Internet website for a fraction of the cost involved to establish such infrastructure on their own.

Additional information on the Company may be found at

Statement under the Private Securities Litigation Reform Act:

With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including but not limited to the ability of the Company to increase revenues in the future due to the developing and unpredictable markets for its products, the ability to achieve a positive cash flow, the ability to obtain orders for or install its products, the ability to obtain new customers and the ability to continue to commercialize its products, which could cause actual results or revenues to differ materially from those contemplated by these statements. Harbinger Research, LLC received US$7,000 from a third party in return for report authoring and distribution services.

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