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OBN Holdings Signs Deal to Distribute Products in Caribbean

^{Published on 2010-05-24 07:30:08 - Market Wire}
 

LAS VEGAS, NV--(Marketwire - May 24, 2010) - OBN Holdings, Inc. (PINKSHEETS: [ OBNI ]) today announces that it has signed an agreement with 4G Holdings Ltd., to distribute Kyodo USA products throughout the Caribbean. Under the terms of the agreement, 4G Holdings will serve as the exclusive representative of Kyodo USA, OBN Holdings' wholly owned subsidiary, and proactively market products distributed by the company as well as identify new distribution opportunities in the region. "We are extremely excited about working with 4G Holdings," stated Roger Neal Smith, OBN Holdings President and CEO. "We expect to begin shipping products very soon, and estimate sales in the Caribbean to exceed $2 million this year."

Products initially being marketed in the area include wine, Japanese sake, clothing and household goods. OBN is also in the process of developing its own brands for distribution.

About Kyodo USA
Formed in 1991, Kyodo USA has been selling commodity products to major food distributors in Japan since 1997. Currently, the company ships more than 30,000 pounds of chilled and frozen pork to Japan weekly. Kyodo is currently expanding its product line to include a variety of consumer goods, and expanding its distribution territories to include North America, the Caribbean Islands, additional countries in Asia and the Middle East.

Additional information about Kyodo USA can be found at [ www.kyodo-usa.com ]. For the latest OBN Holdings SEC filings, go to the company's web site at [ www.obnholdings.com ] and click on the "Investor Info" heading.

OBN Holdings, Inc.: 8275 South Eastern Avenue, Suite 200, Las Vegas, Nevada 89123. (702) 938-0467

This press release does not constitute an offer to sell or the solicitation of any offer to buy any securities of OBN Holdings, nor shall there be any sale of any such security in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state. Forward-lookingstatements: This press release and other statements by OBN Holdings may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to the outlook for earnings and revenues, other future financial or business performance, strategies and expectations. Forward-looking statements are typically identified by words or phrases such as "believe", "expect", "estimate", "potential", or future/conditional verbs such as "will","should" and "could".