SOURCE: The OLB Group, Inc.

March 09, 2007 09:00 ET

OLB Group Announces Marketing and Distribution of Flowers and Gift Baskets at up to 60% Discount to Retail

E-Commerce Client Subscribers Offered Broad Range of Products and Services

NEW YORK, NY -- (MARKET WIRE) -- March 9, 2007 -- The OLB Group, Inc. (PINKSHEETS: OLBG) announced today the signing of a new joint venture and marketing distribution for flower and gift baskets. The OLB Group now offers its ShopFast™ subscriber clients a broad selection of floral arrangements and gift baskets at a discount of between 35% to 60%.

The internet floral and specialty gift marketplace is a $34 Billion annual business with a healthy year to year growth rate as consumers continue to become more comfortable with ordering products online.

Separately, OLB Group has begun the implementation of ShopFast™ to target the rapidly expanding internet travel marketing sector to be offered to subscriber clients. In addition, OLB Group offers brand name products for cosmetics, fragrances, skincare, and hair care products. The company will be expanding its product fulfillment and distribution program for its clients to include any book from a selection of 875,000 books in hard and soft cover; 207,000 Music CDs that are in the market; a selection of over 54,000 DVDs; and the most popular 2,300 SKUs for video games for Sony PlayStation, Xbox 360 and other software games in the market.

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About The OLB Group, Inc.

The OLB Group is an e-commerce service provider that delivers fully outsourced private label shopping solutions. We provide our clients with a seamless, end-to-end e-commerce solution, including site creation, hosting, transaction processing, order fulfillment, customer service, sales reporting, as well as a virtual inventory of name-brand products from top-selling categories on the Internet. Our private label shopping site is designed to maintain the unique look and feel of our customer's website, providing seamless e-commerce functionality that keeps users on the shopping site at all times. Order fulfillment and customer service are also provided under the brand names of our clients. We remain invisible to the consumer. Our e-commerce platform also enables our clients to create their own online marketing promotions and to customize product content to meet the needs of their online users. Our turnkey online shopping solutions include "ShopFast Direct Shopping Database" or "ShopFast DSD" and ShopFast PC (profit center). For more information, please visit,,

Legal Notice Regarding Forward-Looking Statements: "Forward-looking statements" may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. The OLB Group, Inc. disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, changes in our business strategies.

Contact Information

  • Contact:
    Ronny Yakov
    The OLB Group, Inc.
    (P) 212-278-0900
    email: Email Contact