OLB Group authorizes buyback of up to 1M shares; no debt, $4M cash on hand

OLB GROUP, INC.

Board authorized repurchase of up to 1,000,000 shares of common stock with no set termination date.
Company has zero corporate debt and $4M cash as of March 31, 2022; projects positive cash flow by year-end 2022.
Annualized revenue run rate of $36M vs. 2021 revenue of $9.6M; market valuation under $14M (0.4x projected 2022 revenue).
Insider ownership approx. 32%; 98% of revenue from profitable eCommerce operations.
Buyback to commence after Q2 2022 financials release in August; funded from existing cash.

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