OM Holdings International Inc (OTCMKTS: OMHI) announced the impressive start of a brand-new OneMart Superstore in Fat Hogs Bay, Tortola. The store is bi-level and is the most contemporary store in the British Virgin Islands. The company intends to offer its DoShop practice, in its DoGetGo Super App, in the coming year.
CEO Mark Vanterpool stated the Company continues to accomplish its business plan of developing a web of contemporary stores throughout the Caribbean. These stores are an essential element in establishing a specific cross-border e-commerce platform. It will link the 28 countries in the Caribbean with its collective $400 Billion GDP. The idea is to combine conventional brick-and-mortar stores with e-commerce delivery technology into a smooth shopping and distribution experience. This is not available in most parts of the Caribbean. As the Company continues to launch new stores, they anticipate seeing a massive boost in revenues and profit margins.
The new stores will offer clean, top-of-the-line food choices, and advanced services that will let consumers decide how they go shopping, pay, and obtain their goods. Consumers will get unique features and services they anticipate from OneMart, with several new and extended product choices. Furthermore, the new design features will remain to accompany the appearance and feel of the nearby neighborhoods.
The new OneMart store in Fat Hogs Bay is customized to provide the demands of this developing community and will provide a standard for upcoming stores. The Company anticipates opening another new store within the next 120 days.
In a recent press release, OM Holdings International Inc. reported record financial results:
- Revenue increased 36% to $18,059,000.
- Net profit hit a record 61% increase of $1,047,832 vs $650,827 for the six months prior.
The business growth arose from the food supply processes, distribution services, and yacht provisioning. Sales continue to rise even as consumers see inflationary prices. Data reveals consumers are increasing their buys but spending less time in the stores.
OM Holdings International Inc is very happy with its continuous growth. The Company is certain it will see sustained revenue progress as they begin opening new stores this year. OM Holdings International presented record outcomes of more than $4 million in sales just in December 2021.