OSL Holdings , Inc. (OTCQB:OSLH) -
October 28, 2014
OSL HOLDINGS DEVELOPING NEXT GENERATION COMPREHENSIVE AD SUPPORTED B2B & B2C
LEGAL CANNABIS MARKETPLACE WEBSITE AND APP
YARDLEY, PA - October 28, 2014 - OSL Holdings (OTCQB:
OSLH) ("OSL" or
"the Company"), a socially conscious business model dedicated to consumer
advocacy, social activism and the advancement of civil liberties through the
power of commerce, announced today the development of a multi-tier, on-line
cross platform social network and information repository solution that will
enable legal marijuana dispensaries and hydroponic gardening supply retailers to
manage marketing, lead generation, and retail discovery. The platform is
expected to become an ad supported online extension of our recently acquired Go
Green Hydroponics retail operations and other vertical venders and will enable
local and hyper local search with advanced querying capabilities when it is
expected to launch in the second quarter of fiscal 2015. Designs for the
platform include a comprehensive B2B and B2C portal and a social network with
planned user generated content features. We plan to launch both a web based and
mobile platform that will enable dispensaries and patrons to manage and search
while on the go. Planned community and social features will allow patrons to
share experiences and provide feedback to the dispensaries and community.
Bob Rothenberg, OSL’s Chief Executive Officer said, “We are very excited to
commence the development of what we believe will be the country’s premier cross
platform social network and informational repository in the legal medical
marijuana vertical.” Steve Gormley, OSL’s Chief Business Development Officer
said, “We have engaged a leading team that includes engineers, designers and
developers with proven success in the business and expect to be able to launch
our website and app in roughly 6 months.” Gormley went on to say, “This is a
space currently dominated by Weedmaps. We intend on offering consumers a deeper,
more robust and more user friendly option.”
According to published reports by Justin Hartfield, Chief Executive Officer for
Weedmaps.com, a privately held company founded in 2008, he claims that Weedmap’s
annual revenues have grown from $4 million in 2010 to over $30 million in 2014.
OSL Medical Services is a management, future planning and services platform
centered on the development and financing of indoor gardens and cultivation
facilities, production technologies, merchandise and operational services for
businesses in the herbal and natural medicine industry. OSL Medical Services is
designed to support its clients with branding, technology, marketing, logistics,
and future planning services on a state-by-state basis throughout the United
OSL Medical Services provides these support services in compliance with all
federal, state and local laws. At this time, OSL will not grow or sell
marijuana, but intends to gain market share and create value for its
shareholders by creating, marketing, and licensing brands as well as acquiring
and licensing production technology. When federal law permits, OSL Medical
Services expects to provide these services to legal and licensed growers and
OSL Holdings Inc. (OTC: OSLH) is a development and technology company
specializing in affluent, liberal markets with high disposal income. The Company
intends to operate a real-time loyalty rewards platform that can facilitate the
earning and redemption of rewards currency at the point of the transaction
(online, mobile, at retail) as well as on future transactions. OSL Holdings'
target consumers are highly educated, respond to cause marketing initiatives and
socially conscious business models, and are technologically savvy. On March 10,
2014, the Company announced its intent to enter the legal marijuana market when
federal law permits, providing foundational work for branding, marketing,
technology, and logistics to existing or emerging legal marijuana licensees.
The Company's filings with the SEC are available at http://www.sec.gov/cgi-bin/browse-edgar?company=osl+holdings&owner=exclude&action=getcompany.
For more information, please visit the Company's website at http://www.oslholdings.com.
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to, our expectations concerning our ability to launch our planned on-line
marketing platform and our expectations for vendor acceptance and potential
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forward-looking statements made in this release or in any periodic report filed
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as a result of new information, future events or otherwise, except as otherwise
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OSL Holdings Inc. (OSLH)
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SOURCE: OSL Holdings Inc.
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