Online Portals Make Huge Gains as Demand for Bookings Grows
September 23 2013 - 5:00AM
Business Wire
A global boom in demand for online bookings has led to extreme
growth for the leaders in the online travel industry, and On the
Move Systems Corp. (OTCBB: OMVS) is working hard to capitalize on
the trend.
Last week, Priceline.com Inc. (NASDAQ: PCLN) closed above $1,000
a share, making it the only technology stock in an exclusive club
of only nine companies trading above four figures. Priceline’s
gains have been fueled by surging business through two units
acquired in recent years, Booking.com and Agoda.com. To diversify
its business, Priceline also acquired travel search engine Kayak
Software Corp. in a deal that closed in May.
“As impressive as Priceline has been, there’s even more
incredible growth in store for this online sector,” said OMVS CEO
Robert Wilson. “There are many unique niches in the marketplace
that aren’t being fully tapped or even explored. We see that as an
opportunity.”
OMVS is working to repeat Priceline’s path to success by
pursuing targeted acquisitions and strategic partnerships of its
own. Last week, the company signed a letter of intent to partner
with JetSet Car Service, potentially the first luxury
transportation company to offer services on the new portal.
It’s only the first of many more agreements expected to follow
soon: OMVS has contacted representatives of private charter air
carriers, intermodal transport companies, luxury car services and
other in-demand services not offered by Priceline and other large
websites.
In partnership with software architects BryterDyne, OMVS
is working towards the release of the groundbreaking ISTx
platform, the digital heart of an online destination designed to
connect users with niche transportation options that will allow it
to compete in the online travel market alongside Ctrip.com
International, Ltd., TripAdviser Inc. (NASDAQ: TRIP) and
Expedia.com (NASDAQ: EXPE).
For more information on On the Move Systems’ bold new mission,
please visit www.onthemovesystems.com.
About On the Move Systems Corp.
On the Move Systems Corp. (OTCBB: OMVS) is
focused on the development of cutting-edge technology across a
broad spectrum of industries. The company is currently exploring
new online tools to reduce costs and increase convenience in the
tourism and transportation industry. For more information, please
visit our website at www.onthemovesystems.com.
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.
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