The OLB Group, Inc. Announces One-for-Thirty Reverse Stock Split | The OLB Group, OLBG
Summary
New York, NY , Nov. 11, 2019 (GLOBE NEWSWIRE) — The OLB Group, Inc. (OTC: OLBG) (“OLB” or the “Company”), a FinTech company and a payment facilitator that, through our subsidiaries, focuses on a suite of products in the merchant services and payment facilitator verticals, today announced that, effective at 9:00 a.m. Eastern Standard Time on Tuesday, November 12, 2019, the Company will implement a 1-for-30 reverse stock split of the Company’s common stock. Beginning on November 12, 2019, OLB’s common stock will trade on the OTC Market on a reverse split-adjusted basis under the new CUSIP number 67086U307. The reverse split was approved by the Company’s board of directors under authority granted by the Company’s stockholders as described in the Company’s Information Statement dated October 15, 2019. The reverse stock split will not alter any stockholder’s percentage ownership interest in OLB. The Company is focused on providing these integrated business solutions to merchants throughout the United States through three wholly-owned subsidiaries, eVance, Inc., Omnisoft.io, Inc., and CrowdPay.us, Inc. To learn more about OLB, visit
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