Construction Has Begun on the First Store in Tortola, BVIStore Anticipated to Open by Christmas 2021Company Will Open More Convenience Stores in 2022OM Holdings International Inc. (OTC PINK: OMHI) an owner and operator of super merchandising stores and delivery services in the Caribbean with a proprietary mobile app, today announced the formation of OneMart convenience stores and the construction of the first OneMart convenience store in Baughers Bay, Tortola, BVI.The company signed a 25-year lease on the Baughers Bay property and will open a 3000 square foot store in November 2021, taking advantage of the Christmas shopping season. The store will offer smaller SKUs of OneMart super store merchandise alongside a small bakery, pizzeria, and delicatessen.Scarcely any new stores have opened in the British Virgin Islands lately, setting out freedom for OneMart to grow its essence broadly. A few areas designated by OneMart are more qualified for little organization stores, which can be promptly opened on leased property. OneMart will open its first corner shop close to its lead area, and copy the cycles created for extra little arrangement stores all through BVI.“ Our idea is to support our clients with general store items, both available or conveyed right to their doorsteps, to make shopping as simple as workable for our clients, and to incorporate our area into their networks and neighborhoods,” said Mark Vanterpool, President, and CEO of OMHI. Our store is situated in a thickly populated region with almost a few huge high rises and numerous individual homes, just as two schools, houses of worship and a public works office. We feel inhabitants, understudies, guests, and individuals working close to our new OneMart odds and ends shop will profit from the straightforwardness with which they can rapidly buy new food and other merchandise.” Our expanded store impression will further develop our purchasing power, with more deals volume, meaning higher benefits.OMHI already has two stores under construction on Tortola, a 22,000 square foot OneMart super store slated to open in December 2021, in Fat Hogs Bay, and a Builders Depot store expected to open in third quarter 2022, while management continues to evaluate new sites for additional superstores and convenient community stores with its new technology subsidiary, Rydeum Caribbean, Inc., and its new stores, the nine months ended May 31, 2021, has seen the largest expansion program in company history. Management anticipates increased revenue from these activities by the fiscal year-end of August 31, 2022.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 Jamacia's largest taxicab union to provide an Uber Eats delivery service model to Jamaican consumers. The company also provides lumber and other construction supplies to contractors throughout the Caribbean. For more information please visit https://omholdingsinc.com/. OMHI Chart by TradingViewSOURCE: OM HOLDINGS INTERNATIONAL, INC.
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