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SOURCE OSL Holdings
ORANGEBURG, N.Y., March 19, 2013 /PRNewswire/ -- OSL Holdings (www.oslholdings.com), Inc. (OTCQB: 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 a new partnership with OneGoodLove (www.onegoodlove.com), an online dating site created specifically to serve the relationship-minded gay and lesbian community, for its diversity rewards program.
Through its new partnership, OSL Holdings will work with this major dating site to bring value to the 200,000 members through distribution of up to $10,000,000 in rewards currency that members can use in their community at retailers, restaurants and other establishments that will accept rewards. Together they also will create unique, customized promotional programs supporting OneGoodLove and their member base, while driving redemption of rewards. The promotional programs will work to generate both subscribers and revenue for OneGoodLove, while at the same time adding members, redemption and revenue for OSL.
"OSL is excited to add OneGoodLove to its partner roster and have the ability to provide value to its over 200,000 focused consumers who will be driven to utilize rewards through target promotions," mentioned Bob Rothenberg, President of OSL Holdings.
Once partnered with OSL Holdings' rewards program, brands can gain immediate access to consumers looking to redeem rewards as well as the ability to promote their products or services to millions of rewards members. Additionally, retailers enrolled have the option to change their promotion to rewards members in real time to focus on any relevant incentives.
The OSL Holdings rewards program also offers additional revenue streams for those businesses that issue rewards to their customers who then redeem those rewards at other retailers or businesses. The rewards program generates revenue to OSL through a transaction fee on all rewards usage at retail locations. Additionally OSL partners can issue rewards with ease while driving a revenue stream from their member bases through focused promotion on how members can use their rewards.
"We see this as a great benefit to members as well as a way to promote OneGoodLove. Our goal was to create unique programs that provide an incentive for new members to join our online dating community while also working with OSL & partners to provide a value and program for existing members," said Nicholas Marlin, Director of Love at OneGoodLove.
OSL Holdings continues its momentum in building important media and event partners to help launch their rewards program. OSL's rewards program launches this summer nationwide.
For more information about, or to sign up as a partner member of OSL's rewards program, please visit http://www.oslholdings.com/trewards.html.
About OSL Holdings
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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