ORANGEBURG, N.Y., Sept. 12, 2012 /PRNewswire/ -- OSL Holdings, Inc. (OTC: OSLH)("OSL" or the "Company"), a developer of technology platforms that enable real-time sales and trend information exchange between brands and retailers, today announced that it has entered into an OEM agreement with Posterita, Inc. The agreement is expected to enable the Company to extend the reach of its proprietary thinkDATAnow platform solution into high frequency urban retail stores and other cash-intensive retail outlets where transaction data is rarely, if ever, available.
Under the terms of the agreement, Posterita will provide to OSL a licensed version of its software intended to be bundled into the Company's comprehensive thinkDATAnow platform.
"By equipping convenience stores, bodegas and other high-frequency retailers with a real-time advanced analytics & Point of Sale (POS) system incorporating Posterita's state of the art technologies, we are able to provide visibility into an extremely important, but prior to our thinkDATAnow platform, completely opaque transaction stream," said Bob Rothenberg, President of OSL. "For the merchant, our systems provide immediate, tangible benefits, such as the ability to bring their entire inventory online, automate tedious accounting activities, and enable future functionality, such as accepting and issuing rewards currencies. For product manufacturers attempting to quantify and analyze these transactions, we believe that this newly available data will prove invaluable."
About Posterita, Inc.
Posterita, Inc.'s cloud-based Point of Sale technologies utilize a web based architecture that leverages ERP and business intelligence features without sacrificing check out speed. With a focus on simplicity, these systems are able to provide instant feedback that allows retailers to respond to information and manage multiple and remote stores in multi-national and multi-currency environments. For additional information, please visit http://www.posterita.com.
About OSL Holdings Inc.
OSL Holdings Inc. develops or acquires business units with the purpose of collecting and transmitting real-time consumer and business sales data to facilitate the sale of data, manage electronic marketplaces, operate real-time loyalty rewards and transact with buyers in multiple channels. OSL plans to sell data to manufacturers for designated markets, such as urban retail, convenience and/or liquor stores. OSL intends to facilitate developing electronic marketplaces with real-time buy-side and sell-side capabilities for multiple private & public markets. It intends to operate a real-time loyalty rewards platform that can facilitate the earning and redemption of our rewards currency at the point of the transaction (online, mobile, at retail) as well as on future transactions. The Company plans to leverage these business units to connect buyers, sellers and channels that will clearly differentiate it from the competitive landscape so that each venture can scale revenues and their respective offerings to their specific market(s) or across markets.
Forward-Looking Safe Harbor Statement:
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases you can identify those so-called "forward looking statements" by words such as "may," "will," "should," "expects," plans," "targets," "believes," "anticipates," "estimates," "predicts," "potential," or "continue" or the negative of those words and other comparable words. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. There are a number of factors, risks and uncertainties that could cause actual results and developments to differ materially from forecasted results. For a discussion of these factors, risks and uncertainties, please see our filings with the Securities and Exchange Commission. Our public filings with the Commission are available from commercial document retrieval services and at the website maintained by the Securities and Exchange Commission at http://www.sec.gov. We assume no obligation to update or alter our forward-looking statements made in this release or in any periodic report filed by us under the Securities Exchange Act of 1934 or any other document, whether as a result of new information, future events or otherwise, except as otherwise required by applicable federal securities laws.
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SOURCE OSL Holdings, Inc.