EZ
Sports Technologies Selects OLB to Provide Digital Merchant
Services and Payment Acceptance Solutions for Select Minor League
Baseball Teams
Integrated eCommerce Offerings Will
Be Utilized to Improve Sales, Customer Service, and Operations
April 15, 2021 -- InvestorsHub NewsWire -- The OLB Group, Inc. (NASDAQ:
OLB), a provider of cloud-based eCommerce and payment
acceptance solutions for small- and mid-size merchants, announced
EZ Sports Technologies of Evanston, Illinois has selected it to
provide comprehensive merchant services solutions to three Class D
minor league baseball teams operated by National Sports Services
(NSS). The technology will be leveraged by the Lafayette (IN)
Aviators, Johnstown (PA) Millrats, and The Spartanburgers, a team
located in Spartanburg, South Carolina. OLB will implement the
technology in each home stadium prior to the start of the teams'
respective seasons.
Headquartered in New York, OLB is one of the nation's leading
providers of digital commerce services for the burgeoning small-
and mid-size sector. The company currently serves over 8,500
merchants across industries that include retail, restaurants,
hospitality, professional services, and other sectors. At the heart
of OLB's digital commerce offering is its Omnifast platform, a
cloud management portal that enables merchants to seamlessly
integrate multiple business functions that occur on-site, online,
and via mobile devices. Through this technology, merchants can
accept and fulfill orders, process payment through both traditional
and contactless interfaces, launch customized data-driven marketing
campaigns, and initiate and manage loyalty programs. OLB's
technology is fully secure, and adheres to all data privacy
mandates.
NSS will use OLB technology to take advantage of the profound
economic and operational efficiencies associated with digital
commerce. The three NSS teams will deploy these innovations to sell
and fulfill ticket orders electronically and at the box office,
manage food and beverage concessions, and sell team merchandise
both at the stadium, and online. The participating teams can each
configure the solution to manage their specific operating needs,
and incorporate the platform's data analytics into specific
promotional and marketing campaigns over the course of the
season.
"Adopting OLB's solutions represents an important strategic
initiative for NSS that will have a profound effect on our ability
to lower costs, improve profitability, and, most importantly,
create a delightful experience for all our customers," said Bill
Davidson, NSS's chief executive officer. "OLB's proven management,
point-of-sale, and data solutions will enable our teams to engage
with their fans through multiple touchpoints that are safe, secure,
and intuitive. Through our partnership with OLB, we are confident
that the teams will be able to build deeper relationships with
their respective fan bases, which will translate into increased
revenue and greater profits."
According to Ronny Yakov, chief executive officer of OLB, NSS's
decision to leverage digital commerce technology mirrors the
growing demand for these solutions among small- and mid-tier
merchants.
"Many small- and medium-sized businesses have recognized that
digital commerce technology can have a transformative impact on
their ability to generate revenue and improve profitability, but
did not have the budgets or technical skills to take full advantage
of these capabilities," explained Yakov. "Today, the advancements
in cloud computing have made digital commerce solutions much more
affordable and accessible to these merchants—especially those that
need safe and reliable payment and fulfillment options. As more
merchants seek new strategies to engage with customers, lower
operating costs, and reignite their sales efforts, we are confident
that other organizations will integrate digital commerce
capabilities into their own business processes."
For more information about The OLB Group, 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. (NASDAQ:
OLB) delivers cloud-based merchant services for web-based and
brick-and-mortar organizations. OLB provides a seamless, end-to-end
digital commerce solution that includes 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210415005074/en/
Contacts
The OLB Group - Investor Relations
Rick Lutz
InvestorRelations@olb.com
(212) 278-0900 EXT: 333
Glenn Goldberg – Media Relations
Parallel Communications, Inc.
ggoldberg@parallelpr.com
(516) 705-6116
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