Aug. 26, 2009 (Business Wire) — OLB Group Inc. (OTCBB: OLBG) has been rated Speculative Buy with a price target of $0.52 by Beacon Analyst, Victor Sula, Ph.D.
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In the report, the analyst writes, “OLBG plans to launch the software component of its ShopFast PC product in the fourth quarter of fiscal 2009 and begin generating meaningful revenues from software and subscription sales in 2010.
“The Company is currently distributing its e-commerce site software offering though its Web sites for an annual price of $383.52 for ShopFast™ DSD and $519.95 for ShopFast™ PC. Assuming the Company can build a customer base of 30,000 subscribers in 2010, with revenues per subscriber averaging $400, we estimate OLBG can generate $12 million in revenues in 2010.”
Other e-commerce service providers: EasyLink Services Intl Corp. (Nasdaq: ESIC), Art Technology Group (Nasdaq: ARTG), eBay Inc. (Nasdaq: EBAY) and Amazon.com Inc. (Nasdaq: AMZN).
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