OneMart City Center & Second Marina Store Located in Downtown Road Town
Store Expected to Open in 2nd Quarter of 2022
Fifth New Store under Construction Since May 2021
MIAMI, FL / ACCESSWIRE / August 16, 2021 / OM Holdings International Inc. (OTC PINK:OMHI) an owner and operator of delivery services and retail stores in the Caribbean with a proprietary mobile app, today announced a 25-year-lease on a 3,000 sq. ft. space in downtown Road Town near Village Cay Marina in Tortola, BVI.
The existing building will require additional space to be constructed by March 2022, in time for an expected robust charter yacht tourist season. The store is located in the city center among the four major banks, a shopping area, a cruise pier and the government's central administration complex.
The store will provide goods and services for visitors, residents and for people who work at the city offices in Road Town. The store will occupy 3,000 sq. ft. and will carry the same grocery products available at OneMart, plus general merchandise that mariners and yacht crews need. The store will also offer a full line of fresh baked goods, coffees and freshly made sandwiches.
"As I announced previously, our business plan calls for a major expansion of new stores and the development of new store concepts," said Mark Vanterpool, CEO of OMHI. "To date we now have two stores under construction, our flagship store is having a great year, despite the Covid-19 pandemic, and our first Builders Depot and convenience stores are nearing completion."
"Our management team has years of experience in the provision of the pleasure craft industry in the Caribbean, and we are leveraging this experience as we examine potential locations for new community stores, particularly near busy marinas in the region, which are seeing strong bookings for the 2021-2022 season," Mr. Vanterpool added. "We believe there are undiscovered opportunities for OM Holdings International in the Caribbean, and the larger we become the better able we are to take advantage of economies of scale and use our buying power to continually bring lower-priced goods and services to the communities where we do business. This increased buying power also means we can make our product mix more diverse and provide our customers with products heretofore unavailable in the region."
With OMHI's new technology subsidiary, Rydeum Caribbean, Inc., and OneMart's new stores announced in the past four months, OMHI has seen the largest expansion program in its history. Management anticipates increased revenue from these activities by the end of 2021.
About OM Holdings International, Inc.
OM Holdings International, Inc. (OTC: OMHI), founded in 1986 in the British Virgin Islands (BVI) by Mark Vanterpool, operates delivery services and grocery stores in the Caribbean, with a mobile application delivery platform that provides an expedient, contactless option for the transportation of people and essential goods. The company's storefront, OneMart, is the second-largest grocery store in the BVI. OHMI's delivery subsidiary, Rydeum, founded by Mark Hannah in 2019, has partnered with Jamaica's largest taxicab union. The company also provides lumber and other construction supplies to contractors throughout the Caribbean. For more information, please visit https://omholdingsinc.com/.
With the exception of the historical information contained in this news release, the matters described herein, may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded by, followed by or that otherwise include the words "believes," "expects," "anticipates," "intends," "projects," "estimates," "plans" and similar expressions or future or conditional verbs such as "will," "should," "would," "may" and "could" are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing. These statements, involve unknown risks and uncertainties that may individually or materially impact the matters discussed herein for a variety of reasons that are outside the control of the company, including, but not limited to, the company's ability to raise sufficient financing to implement its business plan, the impact of the COVID-19 pandemic on the company's business, operations and the economy in general, and the Company's ability to successfully develop and commercialize its proprietary products and technologies. Readers are cautioned not to place undue reliance on these forward- looking statements, as actual results could differ materially from those described in the forward-looking statements contained herein. Readers are urged to read the risk factors set forth in the company's filings with the SEC, which are available at the SEC's website (www.sec.gov). The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE: OM HOLDINGS INTERNATIONAL, INC.
View source version on accesswire.com: