OMVS Explores Adding Oilfield Transportation Services to Portal as Drilling Booms
October 21 2013 - 5:01AM
Business Wire
With the demand for oilfield trucking at an all-time high, On
the Move Systems Corp. (OTCBB: OMVS) announced today that it’s
exploring potential partnerships that could add highly sought
trucking companies to its online transportation portal currently in
development.
Last year was a record industry for the U.S. oil and gas
industry, producing higher amounts of both commodities than ever
before. The U.S. Energy Information Administration estimates that
total domestic oil production will increase by nearly one million
barrels per day over 2012’s total, and that growth is only expected
to continue.
Transportation is an element critical to maintaining that pace.
About 66,000 more trucks were demanded in 2012 than in 2011 due to
the expansion of oil shale extraction, according to the Abilene
Reporter-News. Qualified drivers are in short supply in areas such
as West Texas, where the Cline Shale play will likely dramatically
increase demand soon. Shale extraction requires large amounts of
water and sand to be hauled to wells.
By adding oilfield trucking services to its growing suite of
online transportation options, OMVS plans to connect oilfield
services companies with the trucking businesses faster and more
easily than ever before. The company is building a one-stop
Internet destination for purchasing charter flights, luxury car
services, intermodal transportation, pet shipping and many other
niche offerings.
Last week, the company acquired a stake in a luxury
transportation company and finalized its first revenue sharing
deal. The new portal is planned to come online next year.
Specialty services such as oilfield trucking are part of the
company’s plans to market and develop new solutions to compete in
the online travel market alongside Priceline.com (OTCBB: PCLN),
TripAdvisor.com (OTCBB: TRIP) and Expedia.com (OTCBB: EXPE).
For more information on On the Move Systems’ bold new direction,
please visit www.onthemovesystems.com/why-omvs.
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 travel
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.
On the Move Systems Corp.Robert Wilson, 813-367-9511President
and CEOinfo@onthemovesystems.com
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