OM Holdings International, Inc. Reports Record First-Quarter…


Revenues Increase 33.3 Percent, Net Income Turns Positive,
Gross Profit Increases 47.7 Percent

Company Expects to Open Three New Stores in 2022

DoGetGo Mobile App Scheduled to Launch in February

MIAMI, Jan. 20, 2022 (GLOBE NEWSWIRE) — OM Holdings International Inc. (OTCQX: OMHI) an owner and operator of OneMart super merchandising stores and Builders Depot in the British Virgin Islands, and the parent of its technology subsidiary, Rydeum, with its DoGetGo mobile app, today announced its financial results for the first quarter ended November 30, 2021.

For the first quarter of fiscal year 2022 ended November 30, 2021, OMHI reported net income of $155,381, compared to a loss of $51,462 for the period ended November 30, 2020. Revenue for the first quarter of fiscal year 2022 increased 33.3 percent to $8,002,587, compared to $6,002,894 for the three months ended November 30, 2020.

“We had an excellent quarter. With a break in the Covid lockdown and more people traveling, we saw an increase in revenue from food service thanks to the reopening of restaurants, and BVI residents continue to support our supermarkets,” said OM Holdings International CEO Mark Vanterpool. “Our staff returned to a 40-hour week, and we made some additional hires for our new stores. We also saw an increase in deliveries, even though the government lifted restrictions.”

“We continue our commitment to serving our customers and our community throughout these difficult times,” Mr. Vanterpool added. “Additionally, since November we have seen a significant rise in tourism, which gives us increased assurance that this year will be another record one for our company. We also expect significant growth from the three new stores we will open this year, as well as from the launch of our mobile app DoGetGo in Jamaica in several weeks. I am confident fiscal 2022 will be a pivotal year for our goal of becoming a major economic force in the Caribbean retail and mobile app delivery marketplace.”

Summary of the first quarter ended November 30, 2021 (unaudited):

11/30/2021

11/30/2020

Revenue

$8,002587

$6,002,894

Total Operating Expenses

$363,947

$40,425

Income from Operations

$168,889

$(44,545)

Net Income

$155,381

($51,462)

Income (loss) per share

$0.00

($0.00)

Weighted average shares outstanding

52,200,596

44,400,596

About OM Holdings International, Inc.

OM Holdings International, Inc. (OTC: OMHI), founded in 1986 in the British Virgin Islands (BVI) by Mark Vanterpool, operates delivery services and grocery stores in the Caribbean, with a mobile application delivery platform that provides an expedient, contactless option for the transportation of people and essential goods. The company’s storefront, OneMart, is the second-largest grocery store in the BVI. OHMI’s delivery subsidiary, Rydeum, founded by Mark Hannah in 2019, has partnered with Jamacia’s largest taxicab union, JUTA. The company also provides lumber and other construction supplies to contractors throughout the Caribbean. For more information please visit https://omholdingsinc.com/.

Forward-Looking Statements

With the exception of the historical information contained in this news release, the matters described herein, may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “plans” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may” and “could” are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing. These statements, involve unknown risks and uncertainties that may individually or materially impact the matters discussed herein for a variety of reasons that are outside the control of the company, including, but not limited to, the company’s ability to raise sufficient financing to implement its business plan, the impact of the COVID-19 pandemic on the company’s business, operations and the economy in general, and the Company’s ability to successfully develop and commercialize its proprietary products and technologies. Readers are cautioned not to place undue reliance on these forward- looking statements, as actual results could differ materially from those described in the forward-looking statements contained herein. Readers are urged to read the risk factors set forth in the company’s filings with the SEC, which are available at the SEC’s website (www.sec.gov). The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Investor Relations

Michael J. Porter, President
Porter, LeVay & Rose, Inc.
T: (973) 865-9357
E: mike@plrinvest.com
LinkedIn
Twitter



Source link

OTC Markets Group Welcomes OM Holdings International, Inc. to OTC…


NEW YORK, Jan. 04, 2022 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for over 11,000 U.S. and global securities, today announced OM Holdings International, Inc. (OTCQX: OMHI), a provider of a multi-tenant on-demand technology platform for the delivery of goods and services throughout the Caribbean, has qualified to trade on the OTCQX® Best Market. OM Holdings International, Inc. upgraded to OTCQX from the Pink® market.

OM Holdings International, Inc. begins trading today on OTCQX under the symbol “OMHI.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

The OTCQX Market provides investors with a premium U.S. public market to research and trade the shares of investor-focused companies. Graduating to the OTCQX Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.

“We are thrilled to see OMHI begin trading on the OTCQX Market,” said CEO of OMHI Mark Vanterpool. “OMHI has been building new stores and gaining market share consistently, even during the pandemic, and we believe we are poised for even greater growth in 2022 and beyond. Graduating to the OTCQX Market will give us enhanced visibility and, ultimately, greater liquidity. We see being a transparent and investor-focused public company as one of our brand’s core values, and trading on the OTCQX Market is core to our growth strategy.”

Mandelbaum Salsburg P.C. acted as the company’s OTCQX sponsor.

About OM Holdings International, Inc.
OMHI Holdings International, Inc. serves consumers and retail customers by providing a multi-tenant on-demand technology platform for the delivery of goods and services throughout the Caribbean from a single mobile app. The firm vertically integrates contactless delivery of these essentials, while simultaneously providing multi-modal transportation. OMHI was formed through the fusion of Rydeum, an on-demand technology platform founded by Mark Hannah in 2019, and OneMart, a 35-year-old grocery store founded by Mark Vanterpool in 1986. OMHI’s technology subsidiary, Rydeum partnered with Jamaica’s largest taxicab union (12,000 drivers) in 2021. This segment provides an Uber-, Grubhub-, and Instacart-like platform which uniquely satisfies the needs of local on-demand economies (LODE) in the Caribbean. OMHI’s storefront and essential goods subsidiary, OneMart is the second largest grocery provider in the British Virgin Islands. This segment offers groceries, home goods, electronics, furniture, and some building supplies – just like Walmart. It sells wholesales products to restaurants and hospitality venues and caters to retail customers as well. OM Holdings International, Inc. is a Nevada Corporation headquartered in Miami, Florida.

About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for over 11,000 U.S. and global securities. Through our regulated OTC Link® Alternative Trading Systems, the Company connects a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for their investors.

OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

Subscribe to the OTC Markets RSS Feed

Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com



Source link

OM Holdings International, Inc. Reports Record Results for Fiscal…


Company Remains profitable with a Net Income of $1.7M

Company Increases Net Income by 10% Earning Higher Margins

Company Expects OTCQX Uplisting to be Announced within Days

MIAMI, Dec. 06, 2021 (GLOBE NEWSWIRE) — OM Holdings International Inc. (OTC Pink: OMHI) an owner and operator of OneMart super merchandising stores and Builders Depot in the British Virgin Islands and the parent of its technology subsidiary, Rydeum Caribbean, Inc. today announced its financial results for the fiscal year ended August 31,2021.

Year End Results and Milestones (As compared to year-end August 31, 2020):

  • Net income increased 10 percent to $1,710,179, an increase of $155,138

  • Earnings per share remains unchanged at $0.04

  • Net margins increased due to higher food service and yacht provisioning sales

  • Total revenue increased 2.5 percent to $28,898,969, an increase of $707,794

  • Three additional stores are now on track to be opened by June 30, 2022

  • DoGetGo Mobile App is scheduled to launch in Montego Bay, Jamaica this month

  • Company expects to be uplisted to the OTCQX Tier within days

For the fiscal year ended August 31, 2021, OMHI reported a 10 percent increase in net income of $1,710,179, versus $1,555,051 for the year ended August 31, 2020. The company’s operating expenses increased year over year due to a planned acceleration of the opening of additional stores. OMHI also saw an increase in professional fees, security and new employees.

In September 2021, OMHI obtained exclusive rights to Rydeum’s DoGetGo mobile app for 20 years and signed an agreement with the Jamaican Union of Travelers Association (JUTA). The company is currently training JUTA members on the administration and the use of the app. The company expects to launch this month as cruise ships return to Montego Bay.

“We benefited incredibly from our staff this year, especially in this ongoing COVID environment. Their unyielding commitment serving our customers and our community made a substantial difference during a very trying time,” said Mark Vanterpool, President and CEO of OM Holdings International. “Our online and yacht provisioning business increased dramatically in the latter half of the year. The sales in this department along with our food service division is expected to continue to dramatically increase during the 2022 financial year,” Mr. Vanterpool added.

“The current global supply chain issues have delayed our new store openings until the middle of 2022, but even with these delays we anticipate a significant increase in our net income,” added Mr. Vanterpool. “We are intently focused on launching our technology platform in Jamaica and other islands, which we anticipate will substantially increase our net margins and our bottom line. We expect 2022 to be a highly rewarding year for our customers and shareholders,” concluded Mark Vanterpool, President and CEO of OM Holdings International, Inc.

Summary for the Year Ended August 31 (Audited)

2021

2020

Revenue

$28,898,969.00

$28,191,175.00

Total Operating Expense:

$7,127,229.00

$6,981,446.00

Income from Operations:

$1,775,461.00

$1,560,851.00

Net Income:

$1,710,179.00

$1,555,041.00

Income per Share:

$0.04

$0.04

Weighted Average:

47,904,706

44,400,596

Shares Outstanding:

52,200,596

44,400,596

About OM Holdings International, Inc.
OM Holdings International, Inc. (OTC: OMHI), founded in 1986 in the British Virgin Islands (BVI) by Mark Vanterpool, operates delivery services and grocery stores in the Caribbean, with a mobile application delivery platform that provides an expedient, contactless option for the transportation of people and essential goods. The company’s storefront, OneMart, is the second-largest grocery store in the BVI. OHMI’s delivery subsidiary, Rydeum, founded by Mark Hannah in 2019, has partnered with Jamacia’s largest taxicab union, JUTA. The company also provides lumber and other construction supplies to contractors throughout the Caribbean. For more information, please visit https://omholdingsinc.com/.

Forward-Looking Statements
With the exception of the historical information contained in this news release, the matters described herein, may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “plans” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may” and “could” are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing. These statements, involve unknown risks and uncertainties that may individually or materially impact the matters discussed herein for a variety of reasons that are outside the control of the company, including, but not limited to, the company’s ability to raise sufficient financing to implement its business plan, the impact of the COVID-19 pandemic on the company’s business, operations and the economy in general, and the Company’s ability to successfully develop and commercialize its proprietary products and technologies. Readers are cautioned not to place undue reliance on these forward- looking statements, as actual results could differ materially from those described in the forward-looking statements contained herein. Readers are urged to read the risk factors set forth in the company’s filings with the SEC, which are available at the SEC’s website (www.sec.gov). The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Investor Relations
Michael J. Porter, President
Porter, LeVay & Rose, Inc.
T: (973) 865-9357
E: mike@plrinvest.com
LinkedIn
Twitter



Source link

OM Holdings International, Inc, Featured in USA Today on Tuesday,…


OMHI’s Sponsored Content Article Targets Prospective Investors as Part of Company’s Strategy to Educate Investors and Build Awareness

OMHI’s DoGetGo App Plans to Improve Flow of Goods and Services for People and Companies in the Islands

MIAMI, FL , Sept. 30, 2021 (GLOBE NEWSWIRE) —

OM Holdings International Inc. (OTC PINK: OMHI), an owner and operator of OneMart super merchandising stores and Builders Depot in the British Virgin Islands, and the parent of its technology subsidiary Rydeum, announced the company was featured in an article appearing in USA Today on September 28, 2021, as part of its sponsored content section. The USA Today article is part of the company’s aggressive marketing strategy in educating investors about the company.

The article entitled “OMHI announces multi-service, on-demand platform DoGetGo for the Caribbean – App plans to improve flow of goods and services for people and companies in the islands” can be found here: USA Today OMHI Story.

“We are sharing the OMHI story with investors coast to coast and abroad, as well and publishing an article in USA Today’s sponsored content section, which has a tremendous reach to almost 173 million unique readers on a monthly basis gives us a great opportunity to get the word out,” said Mark Vanterpool, CEO of OM Holdings International, Inc. “We will continue to share our story with the investment community and look forward to making more updates as we continue to build shareholder value.” added Mark Vanterpool

USA TODAY NETWORK is the largest local-to-national digital media organization in the country. USA TODAY, our national flagship brand, sits at the center of the NETWORK, surrounded by hundreds of local media properties reporting on the stories and cultural moments happening across America and in our communities.

Unlike any other media organization, USA Today’s Network combines the national exposure of USA TODAY with 300+ local digital properties across 46 states. USA Today’s Network boasts 5,000 journalists who live, work and thrive in these communities, providing coverage of the entire nation on the USA TODAY platform.

About OM Holdings International, Inc.

Twitter | Facebook | Linkedln

OM Holdings International, Inc. (OTC: OMHI), founded in 1986 in the British Virgin Islands (BVI) by Mark Vanterpool, operates delivery services and grocery stores in the Caribbean, with a mobile application delivery platform that provides an expedient, contactless option for the transportation of people and essential goods. The company’s storefront, OneMart, is the second-largest grocery store in the BVI. OHMI’s delivery subsidiary, Rydeum, founded by Mark Hannah in 2019, has partnered with Jamacia’s largest taxicab union, JUTA. The company also provides lumber and other construction supplies to contractors throughout the Caribbean. For more information, please visit https://omholdingsinc.com/.

Forward-Looking Statements

With the exception of the historical information contained in this news release, the matters described herein, may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “plans” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may” and “could” are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing. These statements, involve unknown risks and uncertainties that may individually or materially impact the matters discussed herein for a variety of reasons that are outside the control of the company, including, but not limited to, the company’s ability to raise sufficient financing to implement its business plan, the impact of the COVID-19 pandemic on the company’s business, operations and the economy in general, and the Company’s ability to successfully develop and commercialize its proprietary products and technologies. Readers are cautioned not to place undue reliance on these forward- looking statements, as actual results could differ materially from those described in the forward-looking statements contained herein. Readers are urged to read the risk factors set forth in the company’s filings with the SEC, which are available at the SEC’s website (www.sec.gov). The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Twitter https://twitter.com/OMHoldingsInc

Facebook https://www.facebook.com/omholdingsinc

Linkedln https://www.linkedin.com/company/79819709/

CONTACT: Michael J. Porter, President Porter, LeVay & Rose, Inc. T: (973) 865-9357 E: mike@plrinvest.com LinkedIn @PlRinvest





Source link

OM Holdings International Inc. Announces Filing of Patent…


OMHI plans to Launch its On-Demand App in up to 28 Caribbean Countries Within the Next 5 Years Focusing on the $4.6B Food Delivery and Taxi Market AI-Based Risk Score Intended to Ensure On-Demand Provider Accountability and Standardized Customer Experiences Amid Aggressive Growth

MIAMI, FL, Sept. 29, 2021 (GLOBE NEWSWIRE) — OM Holdings International Inc. (OTC PINK: OMHI), an owner and operator of OneMart super merchandising stores and Builders Depot in the British Virgin Islands, and the parent of its technology subsidiary Rydeum, has filed a provisional patent application (63/243,632) for methods and systems to provide business-to-consumer (B2C) on-demand services utilizing artificial intelligence (AI) and ERC223, also known as the Ethereum blockchain.

Recently, OMHI announced a 20 year exclusive agreement for Rydeum’s DoGetGo App in 28 Caribbean countries for the $4.6B food delivery and taxi market. OMHI plans to aggressively launch its DoGetGo app in up to 28 Caribbean countries over the next five years. This patent solves the problem of objectively managing end user experiences during this rapid expansion period.

OMHI’s goal for this patent is to utilize AI to learn from past performances of each on-demand service provider and then generate a risk/performance score that anticipates the future experience a consumer may have with that provider, like a credit score. Users will be able to see the score of providers prior to obtaining services and providers will be able to monitor changes to their score in real-time.

To ensure objectivity, transparency, and score standardization across the 28 countries of the Caribbean, scores will be stored on the Ethereum Blockchain to guard against the possibility of esoteric score manipulation.

OMHI believes that this type of accountability is essential to ensure a uniform level of service across the several different cultures, economies, and laws that span these Caribbean countries it plans to serve.

“The novel method covered by this patent application employs innovative technology that is crucial for OMHI to fulfil its vision of becoming the leading distributer of goods and services in the Caribbean,” said Mark Vanterpool, CEO of OM Holdings International, Inc.

“It is imperative that we not only use technology to deliver products and services, but we also use it to ensure that each customer has a predictable experience no matter where they are in the Caribbean. This is the goal of this patent application,” Mark Vanterpool added.

About OM Holdings International, Inc.

OM Holdings International, Inc. (OTC: OMHI), founded in 1986 in the British Virgin Islands (BVI) by Mark Vanterpool, operates delivery services and grocery stores in the Caribbean, with a mobile application delivery platform that provides an expedient, contactless option for the transportation of people and essential goods. The company’s storefront, OneMart, is the second-largest grocery store in the BVI. OHMI’s delivery subsidiary, Rydeum, founded by Mark Hannah in 2019, has partnered with Jamacia’s largest taxicab union, JUTA. The company also provides lumber and other construction supplies to contractors throughout the Caribbean. For more information please visit https://omholdingsinc.com/.

Forward-Looking Statements

With the exception of the historical information contained in this news release, the matters described herein, may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “plans” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may” and “could” are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing. These statements, involve unknown risks and uncertainties that may individually or materially impact the matters discussed herein for a variety of reasons that are outside the control of the company, including, but not limited to, the company’s ability to raise sufficient financing to implement its business plan, the impact of the COVID-19 pandemic on the company’s business, operations and the economy in general, and the Company’s ability to successfully develop and commercialize its proprietary products and technologies. Readers are cautioned not to place undue reliance on these forward- looking statements, as actual results could differ materially from those described in the forward-looking statements contained herein. Readers are urged to read the risk factors set forth in the company’s filings with the SEC, which are available at the SEC’s website (www.sec.gov). The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT: Michael J. Porter, President Porter, LeVay & Rose, Inc. T: (973) 865-9357 E: mike@plrinvest.com LinkedIn @PlRinvest



Source link

OM Holdings International Inc. Announces 20 Year Exclusive Rights…


MIAMI, FL, Sept. 23, 2021 (GLOBE NEWSWIRE) — OM Holdings International Inc. (OTC PINK: OMHI), an owner and operator of OneMart super merchandising stores and Builders Depot in the British Virgin Islands, and the parent of its technology subsidiary Rydeum Caribbean, today announced it has retained exclusive rights to Rydeum’s DoGetGo mobile app for 20 years. The agreement will allow OMHI to have exclusive rights to generate revenue from any user that utilizes the app within 28 Caribbean Countries for the next 20 years. The DoGetGo mobile app will primarily target the $4.6B food delivery and taxi market in the Caribbean.

It is anticipated that the app will be rolled out in Jamaica before the end of the year. It is the first app adopted by the Jamaican Union of Travelers Association (JUTA), which boasts 12,000 drivers. JUTA represents an estimated 70% share of $120M (pre-covid-19) Jamaican taxicab industry in Jamaica as stated in a previously announced five-year contract with Rydeum.

“The DoGetGo mobile app is a game changer for businesses and customers seeking contactless transportation and delivery services throughout the Caribbean. Customers will be able to shop at our superstores such as OneMart and Builders Depot from their phones and have these purchases delivered,” said Mark Vanterpool, CEO of OM Holdings International, Inc. “Our DoGetGo app will give grocers and restaurants the ability to utilize it for food delivery purposes much like UberEats and Instacart.”

Vanterpool added, “What’s impressive about the Rydeum DoGetGo mobile platform is that it can be adapted for many business-to-consumer (B2C) and peer-to-peer (P2P) business needs. Flexibility to work within the unique requirements of different Caribbean countries will make DoGetGo a staple app in the region for years to come.”

About OM Holdings International, Inc.

OM Holdings International, Inc. (OTC: OMHI), founded in 1986 in the British Virgin Islands (BVI) by Mark Vanterpool, operates delivery services and grocery stores in the Caribbean, with a mobile application delivery platform that provides an expedient, contactless option for the transportation of people and essential goods. The company’s storefront, OneMart, is the second-largest grocery store in the BVI. OHMI’s delivery subsidiary, Rydeum, founded by Mark Hannah in 2019, has partnered with Jamacia’s largest taxicab union, JUTA. The company also provides lumber and other construction supplies to contractors throughout the Caribbean. For more information, please visit https://omholdingsinc.com/.

Forward-Looking Statements

With the exception of the historical information contained in this news release, the matters described herein, may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “plans” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may” and “could” are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing. These statements, involve unknown risks and uncertainties that may individually or materially impact the matters discussed herein for a variety of reasons that are outside the control of the company, including, but not limited to, the company’s ability to raise sufficient financing to implement its business plan, the impact of the COVID-19 pandemic on the company’s business, operations and the economy in general, and the Company’s ability to successfully develop and commercialize its proprietary products and technologies. Readers are cautioned not to place undue reliance on these forward- looking statements, as actual results could differ materially from those described in the forward-looking statements contained herein. Readers are urged to read the risk factors set forth in the company’s filings with the SEC, which are available at the SEC’s website (www.sec.gov). The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT: Michael J. Porter, President Porter, LeVay & Rose, Inc. T: (973) 865-9357 E: mike@plrinvest.com LinkedIn @PlRinvest



Source link

(OMHI) – OM HOLDINGS INTERNATIONAL, INC. APPLIES FOR UPLSITING TO…


OMHI Uplisting in 2021

OMHI Uplisting in 2021

OMHI Uplisting in 2021

OMHI Uplisting in 2021

MIAMI, FL , Sept. 13, 2021 (GLOBE NEWSWIRE) —

OM Holdings International Inc. (OTC PINK:OMHI), an owner and operator of OneMart super merchandising stores and Builders Depot in the Caribbean, and the parent of its wholly owned subsidiary, Rydeum Caribbean, Inc., of British Virgin Islands, today announced it has submitted OTCQX application for U.S. Companies to OTC Markets and expects to be up-listed to the OTCQX Tier in the upcoming weeks.

OTCQX is a segment of the OTC marketplace reserved for publicly traded companies that have: (a) attained specific quantitative and qualitative financial standards; (b) passed management reviews; (c) issued timely information to the public; (d) remained current on required disclosures, and (e) consistently shared pertinent updates with investors.

OTCQX also requires an approved sponsor to provide professional guidance and assist the company in adhering to the strict disclosure requirements – Securities attorney Laura Anthony, the founding partner of Anthony L.G., PLLC, will be sponsoring OMHI.

Mark Vanterpool, CEO of OM Holdings International, Inc. stated, “We’ve been aggressively preparing for this application submission for months now, meeting all financial reporting obligations and completing the submission of all application documents required by OTC Markets. We expect our move to OTCQX to add confidence, value, and liquidity for our shareholders by enabling our stock to be quoted and traded by a much wider range of brokerages, particularly retail brokers.”

The stocks of approximately 10,000 companies are traded daily in the multi-tiered OTC Markets, but less than 10 percent of companies qualify to trade on the OTCQX Tier. Those companies are characterized by operational excellence and consistent reporting diligence. “OMHI is certainly qualified for that top tier, and we expect our application to be quickly approved,” added Mr. Mark Vanterpool.

After up listing Level II Market Data will be available on otcmarkets.com and distributed through multiple channels including Bloomberg and Thomas Reuters. The OTCQX market has the highest financial reporting standards and strong corporate governance and compliance requirements, and OM Holdings International, Inc. is compliant in all areas. The company is in the process of applying for depository trust clearance (DTC) eligibility, which essentially facilities electronic trading of securities by individual investors who use self-managed online brokerage accounts, as opposed to trading through full-service brokers.

Since completing its reverse merger in May 2021, OMHI has announced five new stores, all under construction, with planned openings by the end of this year. Additionally, OMHI announced its first business to business (B2B), Local On-Demand Technology (LODE-TECH) contract with JUTA, the largest taxicab company in Jamaica. Rydeum Caribbean, Inc. develops a platform to connect local, established businesses with consumers through an on-demand mobile app.

“This is an exciting time for OMHI,” added CEO Mark Vanterpool. “We merged into a public company and commenced construction on two new superstore locations, initiated the launch process of our on-demand mobile app, and now we’re up-listing to the OTCQX Markets. The uplisting is another step in our growth and gives us increased exposure in the financial community as we prepare for our anticipated up-listing to Nasdaq in the upcoming year. OMHI continues to move forward with its business plan to become one of the largest tech-based merchandising companies in the Caribbean”.

The company’s first store, One Mart, reported revenue for the year ended December 31, 2020, of $28 million dollars and $3.8 million in operating profits. Since its completion in 1986 the store has seen year over year growth, even during 2020 during the global Covid-19 pandemic.

About OM Holdings International, Inc.

OM Holdings International, Inc. (OTC: OMHI), founded in 1986 in the British Virgin Islands (BVI) by Mark Vanterpool, operates delivery services and grocery stores in the Caribbean, with a mobile application delivery platform that provides an expedient, contactless option for the transportation of people and essential goods. The company’s storefront, OneMart, is the second-largest grocery store in the BVI. OHMI’s delivery subsidiary, Rydeum, founded by Mark Hannah in 2019, has partnered with Jamacia’s largest taxicab union, JUTA, to provide an Uber Eats delivery service model to Jamaican consumers. The company also provides lumber and other construction supplies to contractors throughout the Caribbean. For more information please visit https://omholdingsinc.com/.

Forward-Looking Statements

With the exception of the historical information contained in this news release, the matters described herein, may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “plans” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may” and “could” are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing. These statements, involve unknown risks and uncertainties that may individually or materially impact the matters discussed herein for a variety of reasons that are outside the control of the company, including, but not limited to, the company’s ability to raise sufficient financing to implement its business plan, the impact of the COVID-19 pandemic on the company’s business, operations and the economy in general, and the Company’s ability to successfully develop and commercialize its proprietary products and technologies. Readers are cautioned not to place undue reliance on these forward- looking statements, as actual results could differ materially from those described in the forward-looking statements contained herein. Readers are urged to read the risk factors set forth in the company’s filings with the SEC, which are available at the SEC’s website (www.sec.gov). The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Attachment

CONTACT: Michael J. Porter, President Porter, LeVay & Rose, Inc. T: (973) 865-9357 E: mike@plrinvest.com LinkedIn @PlRinvest



Source link

OM Holdings International, Inc. Announces 200 Contactless Debit…

DoGetGo App Launch Event Expected to Be Scheduled within the Next 30 Days

Debit Cards are Expected to be Issued to 200 JUTA Members at Launch Event Allowing Service to Immediately Begin in Montego Bay

Remaining 11,800 JUTA Members are Expected to be Added Progressively After Launch Event

MIAMI, FL / ACCESSWIRE / September 8, 2021 / OM Holdings International Inc. (OTC PINK:OMHI), an owner and operator of OneMart super merchandising stores and Builders Depot in the Caribbean, and the parent of its wholly owned subsidiary, Rydeum Caribbean, Inc., of British Virgin Islands, today announced it has issued 200 contactless debit cards to the Jamaican Union of Travelers Association (JUTA), Montego Bay Chapter. Previously, on July 13, 2021, OMHI announced its first business to business (B2B), Local On-Demand Technology (LODE-TECH) contract with JUTA, the largest taxicab company in Jamaica.

The control center consisting of two computers, six 32″ monitors, and one 65″ LED TV, which is required for JUTA to manage the DoGetGo platform have been installed in the JUTA Montego Bay office and configured and tested in preparation for launch:

  • Rydeum has issued the first 200 driver debit cards, which allow drivers to receive contactless payments shortly after rides are complete.
  • Cards have been issued through a relationship which Rydeum has previously established with MasterCard & Intercash.
  • Debit cards give drivers an option to withdraw cash from ATMs or to use at any vendor that accepts MasterCard.
  • The DoGetGo launch event is expected to be scheduled within the next 30 days amid strict COVID-19 protocols, in conjunction with the Planning Committee of Jamaica, the Jamaican government and relevant private sector parties – JUTA plans to issue cards to members at this event.
  • Following the launch event, up to 200 JUTA Montego Bay members will be available to service riders on the DoGetGo app in Montego Bay, with additional drivers added progressively.

“Our 10 members who were able to preview the driver’s app and the control center were fascinated, excited, and even gave it a thumbs up, as they know the world is going in this direction and don’t want to be left behind,” said Simon Lawrence, President of JUTA. “The biggest problem now is COVID-19, but it is forcing the entire country to get digital, and this makes the DoGetGo app a true game-changer, nonetheless we must work with the planning committee and the government to ensure that we can introduce this to the wider membership in a safe way amid government imposed COVID-19 gathering restrictions,” said Simon Lawrence, President of JUTA.

“I am very pleased to report the implementation of the DoGetGo app with JUTA Montego Bay continues to be a resounding success,” said Mark Vanterpool, President and CEO of OMHI. “Once we gain greater traction in Jamaica, we will use our success here as a model for the rollout of DoGetGo across the Caribbean. On the British Virgin Islands, the combination of DoGetGo with our two OneMart superstores, our Builders Depot store and our convenience stores gives BVI residents and visitors the widest array of goods and services at the best prices with the only true contactless delivery in the country. We expect the expansion of DoGetGo in tandem with the construction and operation of new stores beyond BVI.”

About OM Holdings International, Inc.

OM Holdings International, Inc. (OTC PINK:OMHI), the holding company of OneMart, founded in 1986 in the British Virgin Islands (BVI) by Mark Vanterpool, operates delivery services and grocery stores in the Caribbean, with a mobile application delivery platform that provides an expedient, contactless option for the transportation of people and essential goods. The company’s storefront, OneMart, is the second-largest grocery store in the BVI. OMHI will also provide lumber and other construction supplies to contractors throughout the Caribbean. OMHI’s delivery subsidiary, Rydeum (DoGetGo), founded by Mark Hannah in 2019, has partnered with Jamacia’s largest taxicab union to provide a contactless service model to Jamaican tourists and residents. For more information, please visit https://omholdingsinc.com/.

Forward-Looking Statements

With the exception of the historical information contained in this news release, the matters described herein, may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “plans” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may” and “could” are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing. These statements, involve unknown risks and uncertainties that may individually or materially impact the matters discussed herein for a variety of reasons that are outside the control of the company, including, but not limited to, the company’s ability to raise sufficient financing to implement its business plan, the impact of the COVID-19 pandemic on the company’s business, operations and the economy in general, and the Company’s ability to successfully develop and commercialize its proprietary products and technologies. Readers are cautioned not to place undue reliance on these forward- looking statements, as actual results could differ materially from those described in the forward-looking statements contained herein. Readers are urged to read the risk factors set forth in the company’s filings with the SEC, which are available at the SEC’s website (www.sec.gov). The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Investor Relations

Michael J. Porter, President
Porter, LeVay & Rose, Inc.
T: (973) 865-9357
E: mike@plrinvest.com
LinkedIn@PlRinvest

SOURCE: OM Holdings International Inc.

View source version on accesswire.com:
https://www.accesswire.com/663139/OMHI–OM-Holdings-International-Inc-Announces-200-Contactless-Debit-Cards-Issued-to-the-Jamaican-Union-of-Travelers-Association-Montego-Bay-Chapter

Source link

OM Holdings International, Inc. Announces Appointment of Bob…


C-Suite Executive with Capital Needs, Strategy Formation, M&A and Tech Experience

Led Lawson Through its IPO Process, which Achieved More than $2 billion in Valuation

MIAMI, FL / ACCESSWIRE / September 1, 2021 / OM Holdings International, Inc. (OTC PINK:OMHI), an operator of superstores in the Caribbean, today announced the appointment of Bob Barbieri as Chief Operating Officer. Bob Barbieri is a finance and operations partner who leverages his experience, knowledge and skills as a Chief Financial Officer, Board Member/Advisor, Chief Executive Officer and Chief Operating Officer to help growth-stage technology, software/SaaS/cloud, services and healthcare IT companies in the USA.

Mr. Barbieri is a Partner at TechCXO and was Senior EVP and CFO Operations and Performance Officer at Lawson Software, where he positioned the firm as the world’s third-largest public ERP company; he led Lawson through its IPO process, which achieved more than $2 billion in valuation. After Lawson, Mr. Barbieri was the Chairman and Chief Executive Officer/Chief Financial Officer at Bravais Analytics, a cloud SaaS platform. He also served as VP and CFO at Apogee, a $1 billion+ NASDAQ glass coatings and service technologies company, and as Controller at Air Products, a $10 billion public company. Mr. Barbieri is a board member of the Investment Committee of Ascension St. Thomas Healthcare. He earned his MBA in Finance/Corporate Strategy and his BS in Accounting at Drexel University

“We are growing at an incredible clip, and Bob Barbieri brings us the experience we need to manage our current growth while planning its next phase,” said Mark Vanterpool, CEO of OM Holdings International. “We have five stores currently under construction, and Bob’s role will be to make sure we finish all of these stores on schedule and within budget, and that we begin driving revenue at each store by year-end. We are thrilled to have someone with such extensive public equities experience helping guide us as we grow beyond the British Virgin Islands and become a regional retail and technology enterprise and public entity.”

I think the OM Holdings business model is outstanding and exactly what the Caribbean needs, both for its residents and visitors,” said Bob Barbieri. “The growth potential of this story, which combines a decentralized B2C Local On-Demand Technology (LODE-TECH) Platform with a bricks-and-mortar operation, is unlimited. I look forward to opening the new stores, and I am confident with the help of this stellar management team that we will develop and implement an expansion plan that takes OMHI across the Caribbean.”

Since completing its reverse merger in May 2021, OMHI has announced five new stores, all under construction, with planned openings beginning October of this year. Additionally, in July 2021, OMHI completed its first acquisition, Rydeum Caribbean, its new technology subsidiary, and completed its first contract, with Jamaica’s largest taxi union. Rydeum Caribbean has developed a platform to connect local, established businesses with consumers through an on-demand mobile app.

About OM Holdings International, Inc.
OM Holdings International, Inc. (OTC PINK:OMHI), founded in 1986 in the British Virgin Islands (BVI) by Mark Vanterpool, operates delivery services and grocery stores in the Caribbean, with a mobile application delivery platform that provides an expedient, contactless option for the transportation of people and essential goods. The company’s storefront, OneMart, is the second-largest grocery store in the BVI. OHMI’s delivery subsidiary, Rydeum, founded by Mark Hannah in 2019, has partnered with Jamacia’s largest taxicab union to provide an Uber Eats delivery service model to Jamaican consumers. The company also provides lumber and other construction supplies to contractors throughout the Caribbean. For more information please visit https://omholdingsinc.com/.

Forward-Looking Statements
With the exception of the historical information contained in this news release, the matters described herein, may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “plans” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may” and “could” are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing. These statements, involve unknown risks and uncertainties that may individually or materially impact the matters discussed herein for a variety of reasons that are outside the control of the company, including, but not limited to, the company’s ability to raise sufficient financing to implement its business plan, the impact of the COVID-19 pandemic on the company’s business, operations and the economy in general, and the Company’s ability to successfully develop and commercialize its proprietary products and technologies. Readers are cautioned not to place undue reliance on these forward-looking statements, as actual results could differ materially from those described in the forward-looking statements contained herein. Readers are urged to read the risk factors set forth in the company’s filings with the SEC, which are available at the SEC’s website (www.sec.gov). The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Investor Relations
Michael J. Porter, President
Porter, LeVay & Rose, Inc.
T: (973) 865-9357
E: mike@plrinvest.com
LinkedIn@PlRinvest

SOURCE: OM HOLDINGS INTERNATIONAL, INC.

View source version on accesswire.com:
https://www.accesswire.com/662319/OMHI–OM-Holdings-International-Inc-Announces-Appointment-of-Bob-Barbieri-as-COO



Source link

OM Holdings International, Inc. to Present at the Emerging Growth…


OM Holdings International, Inc. invites individual and institutional investors as well as advisors and analysts, to attend its real-time, interactive presentation at the Emerging Growth Conference.

MIAMI, FL / ACCESSWIRE / August 31, 2021 / OM Holdings International, Inc. (OTC PINK:OMHI), an operator of superstores in the Caribbean, is pleased to announce it has been invited to present at the Emerging Growth Conference on September 1, 2021.

The next Emerging Growth Conference is presenting on September 1, 2021. This live, interactive online event will give existing shareholders and the investment community the opportunity to interact with the Company’s executive management, in real time.

Since completing its reverse merger in May 2021, OMHI has announced five new stores, all under construction, with planned openings beginning October of this year. Additionally, in July 2021, OMHI completed its first acquisition, Rydeum Caribbean, its new technology subsidiary, and completed its first contract, with Jamaica’s largest taxi union. Rydeum Caribbean has developed a platform to connect local, established businesses with consumers through an on-demand mobile app. Mr. Vanterpool will give a live presentation and will answer questions from investors.

OM Holdings International, Inc. will be presenting at 11:30 AM Eastern time.

Please register here to ensure you are able to attend the conference and receive any updates that are released.

https://goto.webcasts.com/starthere.jsp?ei=1487773&tp_key=d157852920&sti=omhi

If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available on EmergingGrowth.com and we will also release a link to that after the event.

About the Emerging Growth Conference

The Emerging Growth conference is an effective way for public companies to present and communicate their new products, services and other major announcements to the investment community from the convenience of their office, in a time efficient manner.

The Conference focus and coverage includes companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long term growth. Its audience includes potentially tens of thousands of Individual and Institutional investors, as well as Investment advisors and analysts.

All sessions will be conducted through video webcasts and will take place in the Eastern time zone.

About OM Holdings International, Inc.

OM Holdings International, Inc. (OTC: OMHI), founded in 1986 in the British Virgin Islands (BVI) by Mark Vanterpool, operates delivery services and grocery stores in the Caribbean, with a mobile application delivery platform that provides an expedient, contactless option for the transportation of people and essential goods. The company’s storefront, OneMart, is the second-largest grocery store in the BVI. OHMI’s delivery subsidiary, Rydeum, founded by Mark Hannah in 2019, has partnered with Jamacia’s largest taxicab union to provide an Uber Eats delivery service model to Jamaican consumers. The company also provides lumber and other construction supplies to contractors throughout the Caribbean. For more information please visit https://omholdingsinc.com/.

Forward-Looking Statements

With the exception of the historical information contained in this news release, the matters described herein, may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “plans” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may” and “could” are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing. These statements, involve unknown risks and uncertainties that may individually or materially impact the matters discussed herein for a variety of reasons that are outside the control of the company, including, but not limited to, the company’s ability to raise sufficient financing to implement its business plan, the impact of the COVID-19 pandemic on the company’s business, operations and the economy in general, and the Company’s ability to successfully develop and commercialize its proprietary products and technologies. Readers are cautioned not to place undue reliance on these forward- looking statements, as actual results could differ materially from those described in the forward-looking statements contained herein. Readers are urged to read the risk factors set forth in the company’s filings with the SEC, which are available at the SEC’s website (www.sec.gov). The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Investor Relations

Michael J. Porter, President
Porter, LeVay & Rose, Inc.
T: (973) 865-9357
E: mike@plrinvest.com
LinkedIn@PlRinvest

SOURCE: OM Holdings International, Inc.

View source version on accesswire.com:
https://www.accesswire.com/662169/OMHI–OM-Holdings-International-Inc-to-Present-at-the-Emerging-Growth-Conference-on-September-1-2021



Source link