OMHI is a $28 Million Revenue Company with $3.8 million in Operating Profits for 2020. Year Over Year Growth Since 1986
Operator of Successful, OneMart Grocery in the British Virgin Islands.
Revenue for Year ended December 31, 2020, of $28 Million with $3.8 million in Operating Profits. Consistent Year Over Year Growth Since 1986.
Uber-, Grubhub-, and Instacart-like Platform to Uniquely Satisfies the Needs of Local On-Demand Economies (LODE) in the Caribbean.
Construction of New 34,000 Sq. Ft. Super Store Underway.
New Super Store Anticipated to be Open Before the End of 2021.
OM Holdings International, Inc. (OTC PINK:OMHI) operates the second largest grocery provider in the British Virgin Islands, through its ownership of the OneMart. OneMart offers groceries, home goods, electronics, furniture, and some building supplies to customers. It sells wholesales products to restaurants and hospitality venues and caters to retail customers as well. OMHI also serves consumers and retail customers by providing an on demand technology platform for the delivery of goods and services throughout the Caribbean from a single mobile app. OMHI vertically integrates contactless delivery of these essentials, while simultaneously providing multi-modal transportation.
OMHI was formed through the fusion of Rydeum, an on-demand technology platform founded by Mark Hannah in 2019, and OneMart, a 35-year-old grocery store founded by Mark Vanterpool in 1986. The OMHI technology subsidiary, Rydeum Caribbean, Inc. partnered with Jamaica’s largest taxicab union (12,000 drivers) in 2021. This segment provides an Uber-, Grubhub-, and Instacart-like platform which uniquely satisfies the needs of local on-demand economies (LODE) in the Caribbean. The OMHI storefront and essential goods subsidiary, OneMart is the second largest grocery provider in the British Virgin Islands. This segment offers groceries, home goods, electronics, furniture, and some building supplies – just like Walmart. It sells wholesales products to restaurants and hospitality venues and caters to retail customers as well.
Construction of New 34,000 SQ. FT. Super Store on Tortola, British Virgin Islands – Anticipated Opening Before End of 2021
On May 25thOMHI announced it has broken ground on its second location: the construction of its 34,000 square foot supermarket in Fat Hogs Bay (East End) British Virgin Islands (BVI). OHMI anticipates the Fat Hogs Bay supermarket will be completed by the end of 2021. The store will be located on 5 acres, which will give OMHI ample room for expansion; the property has a 50-year lease and should offer ample parking. This new store will be similar to the first OHMI store, but larger so it can offer even more goods, including food, clothing, appliances, furniture, electronics and general household items – everything shoppers need for one stop shopping. There will be groceries and cash and carry, appliances, household items and electronics, furniture and accessories available.
The first OMHI store, OneMart, reported revenue for the year ended December 31, 2020 of $28 million dollars and $3.8 million in operating profits. Since it was completed in 1986 the store has seen year over year growth, even during the global Covid-19 pandemic. The first OneMart, located in Road Town in Port Purcell, Tortola, is one of the leading foodservice providers for residents and tourists, as well as for hotels, restaurants, charter boats and yacht provisioning. OMHI management has developed a plan based on the success of OneMart to open a number of stores throughout the Caribbean.
With construction now underway the OMHI management team is aggressively looking for several additional sites in the Caribbean to build comparable stores. Prior to the virus, BVI alone had 400,000 visitors who stayed an average of seven days; coupled with a population of 50,000 permanent residents, this makes BVI very attractive for growth.
OMHI Five-Year Growth Plan
Over the last several months the OMHI management team and board of directors have put a five-year growth plan into motion. The plan entails building additional stores in the BVI, and throughout the Caribbean. OHMHI is considering locations in densely populated areas, and it expects some of the new stores to be much larger than its first store. OMHI envisions the retail centers serving as logistic hubs throughout the Caribbean. OMHI hopes that its planned logistics hubs will help to reduce consumer prices for the 42.7 million residents of the Caribbean.
OMHI is also exploring the possibility of expanding into building materials to give retail and commercial customers additional products and services. The OMHI philosophy is that store sales are driven by empowering people to access products of all kinds through physical purchases and technology.
The OMHI management team, based in the Caribbean and in the United States, comprises professionals who have spent on average 20 years in the business and know how to build stores from first shovel to opening, on time and within budget, and their expertise in buying in greater volumes and high quality consistently satisfies our customers. This will also add value to the OMHI bottom line.
As Covid-19 accelerated worldwide demand for contactless payments, and over the next 12 months OMHI expects to combine contactless logistics technology with its retail business to vertically integrate a LOCAL ON-DEMAND ECONOMY (LODETECH) within the Caribbean and other underserved markets.
OMHI customers will be able to open an app on any mobile device and place an order for pick up or delivery. The convenience factor is a major marketing tool. OMHI will take charge of the supply chain, manage all logistics and associated costs to bring lower cost goods to island nations in the Caribbean. OMHI envisions its LODETECH as a single platform for the provision of a comprehensive and ever-expanding range of direct services.
For more information on OM Holdings International, Inc. (OMHI) visit: https://omholdingsinc.com.
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Company Name: OM Holdings International, Inc.
Contact Person: Mark Vanterpool CEO
Email: Send Email
Address:1221 Brickell Ave Suite 900
State: FL 33131
Country: United States