SOURCE: The OLB Group

February 26, 2007 17:00 ET

OLB Group to Complete Implementation of Video Shopping Component for ShopFast Marketplace

Clients to Be Offered Video Marketing Option

NEW YORK, NY -- (MARKET WIRE) -- February 26, 2007 -- The OLB Group, Inc. (PINKSHEETS: OLBG) announced today that the company completed the development of the video shopping component and is ready to launch in early second quarter of 2007. The video component will allow store owners of ShopFast to be able to create their own online shopping network and upload the videos and send video emails to market to their clients.

This component is similar in functionality to YouTube™ and focuses on offering the store owners innovative technology to have a video marketing component to their own creative marketing plan. The store owner will be able to take the same video and send it by email to his clients.

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About The OLB Group

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 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 http://www.olb.com, http://www.shopfast.com and http://www.shopfast.net

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