OLB Introduces New product and services end of Q3 a Next day funding with instant cash advance strait from the Cloud-Based POS Platform

New York, July 17, 2018 (GLOBE NEWSWIRE) -- The OLB Group, Inc. OLBG, a provider of merchant-centric SaaS solutions for small and medium businesses, announced the plan to launch program directly from the POS you can request a to get cash advance to be deposited to their bank account next morning. Since we have all the background data and financial history data about the merchant we have the tools and skills from our internal unwriting department to determinate if we will allow a cash advance instantly based on AI rules that are in place, and repayment will be done directly debited from his account

The Omnisoft platform is a cloud-based platform which integrates inventory control, marketing, sales – online and in store—and web services into a single portal. It has an advanced API and pre-built integrations with leading accounting applications, payment terminals, and shipping services, to streamline operations. In addition, Omnisoft delivers robust marketing tools for web-based stores, outbound marketing campaigns, customer curation, and social media engagement. Merchants can flexibly access Omnisoft via computer, tablet, or mobile device.

Hosted on Microsoft Azure, Omnisoft removes the need for merchants to install or maintain business applications onsite—Omnisoft takes care of these tasks remotely. In addition, Omnisoft incorporates a payment processing gateway to enable seamless payment processing at competitive rates utilizing many major POS terminals.

For more information about The OLB Group and the subsidiaries please visit

http://www.olb.com.

 http://Omnisoft.io and http://Crowdpay.us

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. delivers cloud-based merchant services for eCommerce, mCommerce, and brick-and-mortar SMBs. Providing a seamless, end-to-end e-commerce solution, including 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.

Contact:
John Stafford
Parallel Communications, Inc.
jstafford@parallelpr.com
+1 515-708-1296