OSL Holdings, Inc. Executes OEM Agreement with Posterita, Inc. Posterita's Point of Sale (POS) Technologies to be Integrated into OSL's thinkDATAnow™ Platform
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:
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SOURCE OSL Holdings, Inc.