OMVS Announces Completion of Robotic Assistance Devices Acquisition
August 31 2017 - 8:45AM
InvestorsHub NewsWire
SOURCE: On the Move Systems
|
RENO, NV--(NewMediaWire - Aug 31, 2017) - On the Move
Systems (OTC PINK: OMVS) is pleased to announce that is has
completed the 100% acquisition of Robotic Assistance Devices (RAD
- www.roboticassistancedevices.com) (please refer to the 8K
filed on www.sec.gov).
"We are very excited to have completed the acquisition of RAD,"
said Garett Parsons, president and CEO of OMVS. "RAD is off to a
great start and we believe it has tremendous potential for
success."
"I look forward to working together with OMVS and having the
opportunity to build RAD into a major player in the robotic guard
market," said Steve Reinharz, President and CEO of RAD. "We have
made great progress to date and with the close of this acquisition
we will be well positioned to accelerate our development and
deliver significant growth milestones in the near future."
RAD has commenced to deploy robots to end users. To date RAD has
commitments for 62 robots for total contract values of
approximately $6 million.
RAD currently has signed agreements for 2 POC's with major
companies.
RAD currently has a sales pipeline of over 50 Fortune 500
companies and over 25 qualified dealers and distributors that have
a combined customer base of more than 35,000 end user
corporations.
For further information please refer to www.sec.gov
CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING
STATEMENTS
This release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E the Securities Exchange Act of 1934, as amended and
such forward-looking statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. Statements in this news release other than statements of
historical fact are "forward-looking statements" that are based on
current expectations and assumptions. Forward-looking statements
involve risks and uncertainties that could cause actual results to
differ materially from those expressed or implied by the
statements, including, but not limited to, the following: the
ability of On the Move Systems to provide for its obligations, to
provide working capital needs from operating revenues, to obtain
additional financing needed for any future acquisitions, to meet
competitive challenges and technological changes, and other risks.
On the Move Systems undertakes no duty to update any
forward-looking statement(s) and/or to confirm the statement(s) to
actual results or changes in On the Move Systems expectations.
CONTACT INFORMATION
Investor Relations:
Everest Corporate Advisors Inc.
Jack Thompson
www.everestcorp.net
702-902-2361
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