NEW YORK, Feb. 23, 2012 /PRNewswire/ -- OSL Holdings Inc. ("OSL" or the "Company") (OTCBB: OSLH), a leading real-time consumer and business sales data company that facilitates the ability to sell data, manage electronic marketplaces, operate real-time loyalty rewards and transact with buyers in multiple channels, announced its agreement to utilize and customize MBS DEV's leading enterprise e-commerce & resource planning (ERP) software provider for select business units.  

"MBS DEV's hosted ERP solution contains rich functionality but uses the convenience of the cloud. This coupled with custom development and integration of rewards will separate us from the marketplace.  The hosted software gives us the opportunity to exploit a robust e-commerce and ERP solution while custom developing other competitive edges at an investment level that is appropriate for us," stated Eli Feder, CEO of OSL.

"Having our system in the cloud means we get to take advantage of the broad capabilities of MBS DEV and Microsoft Dynamics® AX while retaining control and visibility on costs," said Joel Lupo, CIO of OSL.  "We have been able to secure both Public and Private business, from Fortune 500 clients like ADP to the NYC Mayors office, but now we can extensively leverage the flexibility of MBS DEV to improve our customers' experiences, particularly in the area of e-commerce," Lupo added.

With the introduction of its rewards program, the Company now sees a customizable, scalable and global Enterprise Resource Planning (ERP) solution that supports connectivity for its business and partners that will help us to separate from the competition.  All users, locations, and processes are run off of one database cloud -- making maintenance and upgrades simpler and more cost effective.

"MBS DEV sees themselves as a partner with the goal to help us grow and compete in the market space. We believe that their commitment to customer service and making our success a priority has enabled MBS Dev to become a valuable partner, " explained Eli Feder.

About MBS DEV
Mountain Business Systems Development, Inc. provides business solutions for distribution organizations through the delivery of industry-focused software,professional services, maintenance, and support programs. MBS DEV is a Microsoft Gold Certified Partner with a "Certified for Dynamics" distribution software solution on the Microsoft Dynamics® AX platform. MBS DEV specializes in vertical industries, including business products supply, industrial supply, janitorial supply, and technology supply. Additional information can be found at www.mbsdev.com.

About OSL Holdings Inc.

OSL Holdings Inc. is a holding company that will develop or acquire business units with the purpose of collecting and transmitting real-time consumer and business sales data that facilitates the ability to sell data, manage electronic marketplaces, operate real-time loyalty rewards and transact with buyers in multiple channels. OSL plans to sell data to manufactures for designated markets, such as urban retail, convenient and/or liquor stores. OSL intends to facilitate developing electronic marketplaces with real time buy-side and sell side capabilities for multiple private & public markets. It will operate a real-time loyalty rewards platform that can facilitate the earning and redemption of our currency at the point of the transaction (online, mobile, at retail) as well as on future transactions. The Company plans on leveraging these business units to connect buyers, sellers as well as channels that will clearly differentiate itself from the competitive landscape so that each venture can scale revenues and their respective offerings to their specific market(s) or across markets.

Forward-Looking Safe Harbor Statement:

This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. There are a number of factors that could cause actual results and developments to differ materially from forecasted results. For a discussion of these risks and uncertainties, please see our filings with the Securities and Exchange Commission. Our public filings with the Commission are available from commercial document retrieval services and at the website maintained by the Commission at http://www.sec.gov/.

Further information:
(212) 419-4900
http://www.oslholdings.com/

SOURCE OSL Holdings Inc.