OLB Group announces $1.35B annual transaction run rate; revenue run rate exceeds $36M

OLB GROUP, INC.

Annual transaction volume run rate reaches $1.35 billion from 28.5 million transactions.
eCommerce merchant services annual revenue run rate exceeds $36 million for 2022.
CBD merchant acquisition expected to add $25 million to revenue and up to $5 million in EBITDA.
Onboarding approximately 150 new merchant accounts per month since November 2021 acquisition.
No outstanding debt; expects positive EBITDA for 2022.

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