NEW YORK, Feb. 3, 2012 /PRNewswire/ -- OSL Holdings Inc. (OTCBB: OSLH) new division OSL Diversity Marketplace stated goal is to provide business opportunities to diverse business owners throughout the United States. "We are going to realize a decades long dream to create real business transactions between corporations and diversity suppliers in a meaningful way that aims to deliver the goals of more than doubling current spending through technology, creativity and a true understanding of the issues that are preventing business today."
"There have been many organizations attempting to help this process. To make the dream a reality today, we first must connect buyers and sellers," says Bob Rothenberg, President of OSLH. "We believe corporations and suppliers are smart and passionate, but they're also overmatched by the current environment. They need a partner whose technology and creativity literally means business— a valuable solution that impacts the bottom line."
Recently AT&T was recognized for its supplier diversity efforts, AT&T spent $9.2 billion with diverse suppliers in 2010 representing 18.8 percent of the company's total spend, while its diversity goal was 21.5 percent of it's spend with diverse suppliers.
Commenting on this recent news, Michael Jones-Bey stated, "I commend AT&T for achieving a $9.2 billion annual spend with diverse suppliers. They are leading a wave of corporations that are expanding opportunities to companies that have traditionally been out of our economic mainstream. I believe that OSL Diversity Marketplace can harness this wave by partnering with Fortune 500 companies, diverse suppliers, and supplier diversity organizations. The opportunity here is phenomenal. When you consider that Diversity Magazine estimates that the top 50 corporations have made a commitment to spend 20% with diverse suppliers and are currently spending less than 8.5%, it is exciting to think about how we are building a solution to bridge this gap which is in the tens of billions of dollars."
"OSL Diversity Marketplace, Inc. is creating a virtual commerce ecosystem powered by cutting edge technology that will allow for business to take place with ease, online while ensuring transparency and closed loop tracking," adds Rothenberg. "We plan to leverage relationships with customers of our related business unit Corporate Diversity Solutions, Inc. that are committed to supplier diversity such as Verizon, Pep Boys, and NY Times to bring this new model to Corporate America so that the Top 50 corporations can meet their supplier diversity goals."
About OSL Diversity Marketplace, Inc.
OSL Diversity is a market maker that creates an environment for commerce to take place. Its goal is to facilitate the development of electronic marketplaces with real time buy-side and sell side capabilities for multiple private & public markets: Easy to use so that members can become proficient quickly; Intuitive interfaces, reports and tools to reduce the learning curve; Critical mass of participants so buyers can find the products and services they need, and sellers can locate interested buyers; Marketplace-to-marketplace interaction to give participants access to a larger or smaller "virtual" marketplace and audience as desired; Functionality rich enough to perform the range of commerce tasks from searching, sourcing, bidding, dynamic pricing, tracking, auditing and authorization management to catalogue management.
About OSL Holdings Inc.
OSL is OSL Holdings Inc. is a holding company that will develop or acquire business units with the purpose of collecting and transmitting real-time consumer and business sales data that facilitates the ability to sell data, manage electronic marketplaces, operate real-time loyalty rewards and transact with buyers in multiple channels. OSL plans to sell data to manufactures for designated markets, such as urban retail, convenient 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 will operate a real-time loyalty rewards platform that can facilitate the earning and redemption of our currency at the point of the transaction (online, mobile, at retail) as well as on future transactions. The Company plans on leveraging these business units to connect buyers, sellers as well as channels that will clearly differentiate itself 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. 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.
CONTACT: OSL Holdings Inc. www.OSLHoldings.com 212-419-4900
SOURCE OSL Holdings Inc.
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