OMVS in Talks to Develop New Mobile Apps for Tablets, Smartphones
September 27 2011 - 9:00AM
Business Wire
With the market for mobile applications forecasted to reach $38
billion by 2015, On the Move Systems Corp. (OTCQB: OMVS) announced
plans today to capture a slice of the fast-growing industry by
pursuing new development opportunities in downloadable software for
smartphones and tablet computers.
“With the mass adoption of tablets and smartphones spreading
around the globe faster than anyone anticipated, the incredible
growth of these breakthrough platforms is fueling the demand for
innovative new mobile applications—and vice versa,” said OMVS CEO
Patrick Brown. “OMVS is committed to becoming a world leader in the
mobile apps industry, and we’re currently in talks to sign new
development agreements that will put our company in a strong
position to capitalize on this unstoppable new market emerging
before our eyes.”
In the “Angry Birds Era,” mobile apps are becoming big business.
Since the Apple iPhone’s release in 2007, 350,000 applications have
been made available for download on Apple’s iOS platform alone.
Last year, the total global mobile applications market was worth
around $6.8 billion. Analysts predict a compound annual growth rate
of 28 percent for the market over the next four years, thanks in
large part to the introduction of powerful new wireless
networks.
“The unprecedented growth in the mobile app segment is being
driven by falling mobile data usage costs, the adoption of new
platforms such as tablets and continuous improvements in
application usability,” Brown said. “In the U.S., mobile users are
already spending more time per day using mobile applications than
surfing the Web. Apps devoted to games, media and social networking
are providing a new, engaging mobile experience that is creating a
hunger for more.
“OMVS plans to announce new agreements very soon that will allow
us to begin building market share in this wide-open sector,” he
added.
OMVS created a new division to develop cutting-edge technology
innovations in wireless tablets, smartphones and mobile
applications last week. Currently, the company is negotiating a new
partnership with the electronics developer Noitavonne, makers of
the Loop Tablet computer. For more information on OMVS’ mobile
electronics initiative and other projects, please visit
http://www.onthemovesystems.com/investor-relations.html.
About On the Move Systems, Inc.
On the Move Systems, Inc. (OTCQB: OMVS) is focused on the
development of cutting-edge technology across a broad spectrum of
industries. The company is currently exploring exciting new
opportunities in the solar energy, clean technology, and mobile
communications technology sectors. For more information, please
visit our website at http://www.onthemovesystems.com. For
investing info and performance data on OMVS, please
visit http://www.onthemovesystems.com/investor-relations.html.
More information on OMVS’ solar division can be found
at http://www.omvssolar.com/investors.html.
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: This news release contains forward-looking
information within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended, including statements that include the words
"believes," "expects," "anticipate" or similar expressions. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of the company to differ materially
from those expressed or implied by such forward-looking statements.
In addition, description of anyone's past success, either financial
or strategic, is no guarantee of future success. This news release
speaks as of the date first set forth above and the company assumes
no responsibility to update the information included herein for
events occurring after the date hereof.
Altair (QB) (USOTC:ATAO)
Historical Stock Chart
From Oct 2024 to Nov 2024
Altair (QB) (USOTC:ATAO)
Historical Stock Chart
From Nov 2023 to Nov 2024
