OSL Holdings, Inc. Adds Ronald Williams and Michael Jones-Bey to Advisory Board & Provides Update on Business Development

NEW YORK, Dec. 29, 2011 /PRNewswire/ -- OSL Holdings, Inc. (OTCBB: OSLH) (the "Company"), a Nevada company, today provided an update on changes to its Advisory Board. OSLH has named Ronald Williams and Michael Jones-Bey to its Advisory Board and has retained Mr. Williams and Mr. Jones-Bey as consultants to assist in strategic development of a new business unit & business development strategies as it relates to electronic marketplaces in the diversity marketing channel. 

Mr. Williams, 1st Vice-Chair of the National Minority Business Enterprise Input Committee (MBEIC) since 2008, NE Regional Chair of the NMSDC's NMBEIC from 1996 to present and has served on the Board of Directors of the Greater New England Minority Supplier Development Council (GNEMSDC ) since 1996; It is the primary objective of the National Minority Supplier Development Council to provide increased procurement and business opportunities for minority businesses of all sizes. There are 3,500 corporate members throughout the network, including most of America's largest publicly-owned, privately-owned and foreign-owned companies, as well as universities, hospitals and other buying institutions. The regional councils certify and match more than 16,000 minority-owned businesses.

Mr. Jones-Bey most recently served as Executive Director of the largest public sector "supplier diversity program" in the nation from 2007-2010. He was responsible for revitalizing the New York State diversity certification program, agency compliance, and business development initiatives.  The targeted industry sector capacity building and market access programs under his direction resulted in over $300 million of additional contract opportunities for minority- and women-owned businesses in the construction, renewable energy, and information technology industries.

"Michael Jones-Bey brings a wealth of experience to our team as well as a unique and balanced perspective regarding the public sector supplier diversity market segment ...," said Eli Feder, CEO of OSLH.  "Combining Michael's depth of knowledge with OSLH's assets and vision will help propel the company through its next set of growth milestones. Ronald Williams' career has melded together the finest attributes of community service and business acumen. He will no doubt be a most valued member of our team as we push our growth initiatives in 2012."

About OSL Holdings, Inc.
OSL Holdings' mission is to develop electronic marketplaces with a multi-dimensional & transactional network, that facilitates commerce more efficiently, by creating a real-time flow of relevant data, content, pricing, currency and audiences to generate a momentum & velocity for sales.  The company is creating a distributed model allowing purchases online, at retail, and on mobile phones for B2C, B2B, Government, and Non-profit/charitable companies.  

OSLH is currently developing unique, proprietary technology platforms targeting the affinity and diversity marketing channels. The company will leverage this innovation as it clearly differentiates itself from the competitive landscape.  OSL will initially enter the marketplace as a national virtual distributor of products for the office as well as major corporate and government procurement in the United States.

Forward-Looking Safe Harbor Statement:

This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. 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 near future. There are a number of factors that could cause actual results and developments to differ materially from forecasted results. For a discussion of these 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 Commission at http://www.sec.gov.

SOURCE OSL Holdings, Inc.