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Here are 1-2 brief analogies for Old Market Capital:

• A regional Comcast operating in parts of Ohio.
• Spectrum, but focused on Northwest and Northcentral Ohio.

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• Broadband internet: This service provides high-speed internet access to customers.
• Voice over internet protocol (VoIP): This service offers voice communication and telephone services over an internet connection.
• Video services: This service includes the provision of television and other video content to subscribers.

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Old Market Capital Corporation (OMCC) primarily sells its services to individuals and businesses within its service territory of Northwest and Northcentral Ohio. Based on the services it provides (broadband internet, voice over internet protocol, and video), its customers can be categorized as follows:

• Residential Customers: Individuals and households subscribing to internet, voice, and video services for personal and family use.
• Small to Medium-Sized Businesses: Commercial enterprises located within Old Market Capital's service area that utilize its broadband internet, VoIP, and video communication services for their business operations.

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Jeffrey C. Royal Chief Executive Officer

Mr. Royal was appointed Chief Executive Officer of Old Market Capital Corporation on September 27, 2024. He has served as a director of the company since October 2017 and as Chairman since January 17, 2019. Since January 2006, Mr. Royal has been the Chairman and CEO of Dundee Bank in Omaha, Nebraska. He also serves as a director for Boston Omaha Corporation (BOC). Mr. Royal holds both a Bachelor's and Master's degree in Business Administration from Creighton University.

Charles W. Krebs Chief Financial Officer

Mr. Krebs joined Old Market Capital Corporation as Chief Financial Officer in June 2024. He also serves as Principal Accounting Officer, Treasurer, and Corporate Secretary. Before joining OMCC, Mr. Krebs accumulated 18 years of experience in various treasury and finance roles at Peter Kiewit Sons, Inc., a multi-billion-dollar, Fortune 500 international engineering and construction company, where he most recently held the position of Sr. Manager of Treasury. He earned a bachelor's degree in financial management from Hillsdale College.

Dylan J Flott Chief Accounting Officer

Mr. Flott became the Controller of Old Market Capital Corporation in November 2024, and is also listed as Chief Accounting Officer. Prior to his role at OMCC, Mr. Flott spent 11 years at Deloitte & Touche LLP, serving as a Senior Manager for both publicly traded and privately held clients with assets ranging from $75 million to $300 billion. He holds a Bachelor of Arts in Accounting and Business Administration from Doane University and is a Certified Public Accountant (CPA) in Nebraska.

Mark R. Radabaugh President, Amplex Electric, Inc.

Mr. Radabaugh serves as the President of Amplex Electric, Inc. Amplex is the broadband company in northwest Ohio in which Old Market Capital Corporation holds a controlling interest.

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Old Market Capital Corporation (OMCC) faces several key risks as it navigates its new strategic direction in the telecommunications sector.

Key Risks to Old Market Capital Corporation (OMCC)

1. Risks Associated with Business Model Transition and Amplex Integration: Old Market Capital Corporation has undergone a significant restructuring, transitioning from a specialized consumer finance company to a holding company with a controlling interest in Amplex, a broadband provider. This introduces new operational and strategic risks related to market competition, regulatory compliance, and the effective integration of Amplex's business operations. The company's revenue is now heavily dependent on the performance of Amplex's broadband services, and the transition has resulted in increased operating expenses that must be managed to ensure profitability.
2. Intense Competition and Evolving Regulatory Landscape in the Broadband Sector: The broadband market in which Amplex operates is intensely competitive, with larger competitors possessing greater resources that could impact Amplex's market share and profitability. Furthermore, OMCC faces significant regulatory risks due to the complex federal, state, and local laws governing communications services. Changes in these regulations, such as reclassification of Internet services or new privacy mandates, could increase compliance costs and impact service offerings.
3. Financial Challenges and Capital Resources: The company faces significant financial challenges, including profitability and cash flow issues, which are reflected in its financial performance. To reduce costs and regulatory burdens, Old Market Capital Corporation voluntarily delisted its common stock from NASDAQ, transitioning to the OTCID Basic Market. This delisting, while intended to enhance long-term stockholder value, highlights underlying financial pressures and could affect the company's liquidity and access to capital for future growth initiatives.

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Clear emerging threats:

• 5G Fixed Wireless Access (FWA) Home Internet: Major national carriers (e.g., T-Mobile, Verizon) are aggressively rolling out 5G-powered home internet services, which directly compete with traditional wired broadband providers like Old Market Capital. This technology offers a wireless alternative, often at competitive prices and speeds, bypassing the need for physical cable infrastructure.
• Satellite Internet Services: Companies like Starlink (SpaceX) and upcoming services like Project Kuiper (Amazon) are expanding their satellite internet offerings, providing high-speed broadband, particularly in suburban and rural areas. These services pose a direct competitive threat by offering an alternative to ground-based internet providers without relying on existing local infrastructure.

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Old Market Capital Corporation (OMCC) provides broadband internet, voice over internet protocol (VoIP), and video services in Northwest and Northcentral Ohio. While specific market sizes for these services exclusively within Northwest and Northcentral Ohio are not readily available in dollar figures, the addressable market can be understood through broader regional data and household connectivity statistics for Ohio. Here's an assessment of the addressable markets for Old Market Capital's main products and services:

Broadband Internet

The addressable market for broadband internet in Ohio, particularly in underserved regions like Northwest and Northcentral Ohio, remains significant. Initially, over 300,000 households in Ohio, representing nearly 1 million Ohioans, lacked sufficient high-speed internet access. Due to various initiatives, this number has reportedly decreased to approximately 60,000 households as of late 2025. State investments, including $94.5 million in grants, have been aimed at expanding broadband access to more than 35,000 households in several Northwest Ohio counties. Old Market Capital's subsidiary, Amplex, reported approximately 13,000 broadband customers and over 12,000 fiber passings as of March 31, 2025, within its service areas in Northwest and Northcentral Ohio, indicating a direct presence in this market.

Voice over Internet Protocol (VoIP)

The VoIP market size for Ohio is estimated at $173.0 million in 2026. While Old Market Capital operates in a specific part of Ohio, this figure provides a statewide indication of the addressable market for VoIP services. The global VoIP services market was valued at USD 176.16 billion in 2025 and is projected to reach USD 195.39 billion in 2026, with North America holding a significant share. The residential VoIP services market globally is projected to grow to USD 54,363.81 million by 2032, with North America accounting for 35% of the market in 2024.

Video Services

Information on the specific addressable market size for traditional video services (like cable television or IPTV) in Northwest and Northcentral Ohio is not explicitly detailed in the search results. However, the broader "Television Production industry in Ohio" has a market size of $130.9 million in 2026. The global video streaming market, which includes various forms of video content delivery, was estimated at USD 129.26 billion in 2024 and is projected to reach USD 416.8 billion by 2030, with North America holding a large share. The U.S. video streaming market is projected to reach USD 39.9 billion in 2024. It is important to note that these figures encompass a broader range of video content and production services, and do not specifically isolate the market size for the type of video services typically offered by a broadband provider like Old Market Capital.

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Old Market Capital Corporation (OMCC) is expected to drive future revenue growth over the next 2-3 years through several key strategies, primarily focusing on its broadband operations and opportunistic acquisitions:

1. Expansion of Fiber-to-the-Home (FTTH) Broadband Services: Old Market Capital, through its controlling interest in Amplex, aims to significantly expand its fiber-to-the-home (FTTH) technology in underserved rural areas of Northwest and Northcentral Ohio. This expansion is designed to meet the increasing demand for high-speed internet, directly leading to growth in broadband customers and associated revenue streams from internet, voice over internet protocol (VoIP), and video services.
2. Strategic Acquisitions of Controlling Interests in Resilient Businesses: As a holding company, OMCC is actively pursuing additional investment opportunities and controlling interests in resilient businesses across various sectors. This opportunistic approach targets companies with exceptional management teams that deliver reliable cash flow and strong pre-tax returns on invested capital, thereby diversifying revenue streams and driving overall corporate growth.
3. Leveraging Funding for Broadband Infrastructure Development: The company plans to utilize external funding, such as the $21 million loan under the USDA's Rural Utilities Service Reconnect loan program, along with maintaining its strong relationship with Hancock-Wood electrical cooperative. This financial support is crucial for funding broadband expansion efforts, which in turn enables the company to extend its network and acquire more customers, boosting revenue.

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Share Repurchases

• Nicholas Financial, Inc. repurchased 241,000 treasury shares for approximately $2.389 million for the twelve months ended March 31, 2023.
• No shares were repurchased for the twelve months ended March 31, 2024.
• On December 10, 2025, Old Market Capital Corporation authorized a new share repurchase program for up to $7 million, which has no expiration date.

Share Issuance

• The number of outstanding shares for Nicholas Financial, Inc. decreased from 7.8 million in 2021 to 6.65 million in September 2024, indicating a net reduction of shares rather than significant issuances through public offerings during this period.
• In January 2026, stock grants were made to executives and directors as compensation, including 14,324 shares to CEO Jeffrey C. Royal and 2,149 shares to director Adam K. Peterson.

Outbound Investments

• On June 15, 2024, Old Market Capital Corporation (then Nicholas Financial Parent) acquired a 56.5% majority stake in Amplex Electric, Inc., a broadband service provider, for $37.5 million.
• In December 2024, the company invested an additional $4.5 million into Amplex Holdings, increasing its ownership to 60.9%.
• The company's new strategy includes actively targeting opportunities to invest shareholder capital in resilient businesses and pursuing additional controlling interests in other companies and sectors.

Capital Expenditures

• The company reported a purchase of property, plant, and equipment of $132,000 for the three months ended June 30, 2024.
• Following the acquisition of Amplex, the company plans to utilize additional capital to expand Amplex's fiber network.
• As of March 31, 2025, Amplex had completed over 12,000 fiber passings, reflecting ongoing investment in broadband infrastructure.