OMVS Opens Acquisition Talks
October 24 2013 - 5:00AM
Business Wire
As On the Move Systems Corp. (OTCBB: OMVS) works to build a
promising stable of service providers for its new online portal,
the company’s executive leadership opened talks with several
transportation companies regarding possible partnerships and
acquisitions this week at the National Business Aviation
Association Convention & Exhibition in Las Vegas.
Offering niche travel and transportation services—including
chartered flights, chauffeur service, intermodal shipping and
more—is key to OMVS’ plan to compete in the $300 billion online
travel market. By connecting service providers with opportunistic
travelers, OMVS plans to earn higher customer satisfaction than its
larger, more established competitors in the industry.
To that end, the company is seeking out deals with licensed
charter companies offering flights to popular destinations at the
conference, as well as luxury ground transportation firms
interested in increasing their online bookings through OMVS’
groundbreaking platform.
As negotiations begin, the company hopes to soon add many more
partners to its growing roster of service providers. Just last
week, OMVS inked its first revenue-sharing agreement with a
Florida-based provider of deals on flights, cruises, hotels and
travel and acquired a stake in a Texas-based luxury chauffeured car
service with aggressive expansion goals.
By developing new solutions for business and leisure travelers
who shop online, OMVS plans to compete in the online travel market
alongside larger firms such as Priceline.com (NASDAQ: PCLN),
TripAdvisor.com (NASDAQ: TRIP) and Expedia.com (NASDAQ: EXPE).
For more information on On the Move Systems’ bold new direction,
please visit www.onthemovesystems.com/investors.html.
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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