The OLB Group, Inc. Q1 FY2022 earnings call

• COVID situation: Back on track 100% with merchants and introduced more offerings/features. • Product segments: Core includes Omnisoft (eCommerce system), SecurePay (payment gateway), CrowdPay (crowdfunding platform), eVance (onboarding and merchant services). New services: Crypto Accept, Crowd Ignition acquisition, Oilbit (intellectual properties and BitLicense), DMint (Bitcoin mining operation with 1,000 machines purchased). • Financials: Q1 2022 revenue $8.7M vs $2.2M in 2021, positive EBITDA of ~$550,000, aiming for net income positive by end of 2022.

The OLB Group operates in multiple segments. In Q1 2022, revenue increased from $2.2 million in 2021 to $8.7 million in 2022, a 4 times multiple. Gross profit went from $463,000 in 2021 Q1 to $1.5 million in 2022 Q1. EBITDA was positive $550,000 in 2022 Q1 compared to a negative $689,000 in 2021 Q1. Assets total around $45 million. The core merchant services (eVance) contribute 97% of revenue. Bitcoin mining currently contributes about 3% of revenue. The 2022 revenue guidance for fintech products is $36 million, and if the 1,000 Bitcoin mining machines are up and running, an additional $6.5 million in revenue is expected from Bitcoin mining.

• 2022 revenue guidance for fintech is $36 million. • Expect $6.5 million in revenue from Bitcoin mining once 1,000 machines are up and running by end of Q1 2022. • Aim to be net income positive by end of 2022. • Plan to do shares buyback or insiders buyback.

• Volatility in cryptocurrency prices affecting revenue. • Ability to implement proprietary merchant boarding and CRM system, roll out Omni Commerce and SecurePay applications, integrate secure payment gateway with crowdfunding platform. • Risks related to launching cryptocurrency mining operation and crypto payments as per SEC filings in Form 10-K and 10-Q.

Q: Do you expect to have the 1,000 machines up and running soon?

A: Yes, by end of this quarter Q: Will the company pursue hold or sell Bitcoin?

A: Hold until price back to at least $45,000 or $60,000, then reevaluate Q: How many new merchants signed in Q1?

A: Signing 100 to 150 new merchants per month