OMVS Moves Forward with New Acquisition Plans

On the Move Systems Corp. (OTCBB: OMVS), a fast-growing provider of online transportation services, signed a letter of intent today to partner with AvStar Aviation Services, Inc. (OTCBB: AAVG), an aviation company, looking to roll up a series of fixed-base operators (FBOs) across the country.

FBOs are crucial to the success of the booming private aviation industry. They are found at most private airfields and provide aircraft- and travel-related services for jets and other craft, including fuel sales, hanger and tie-down services, hotel and car rental services, travel and flight planning and restocking and clean up services.

“FBOs are currently a $4-5 billion industry, with approximately 5,200 operating in the U.S. alone,” said OMVS CEO Robert Wilson. “AvStar knows this business well, and a potential partnership with them could prove a highly lucrative move for our company and our investors.”

Through its cutting-edge online transportation portal now in development, OMVS plans to offer business and leisure travelers the comfort and convenience of private air travel to any destination without the prohibitive costs associated with buying, insuring and maintaining an aircraft.

In recent weeks, the company’s executive leadership has opened talks with several transportation companies regarding possible partnerships and acquisitions. By developing new and better solutions for business travelers, 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.

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. (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

Altair (QB) (USOTC:ATAO)
Historical Stock Chart
From Jul 2024 to Jul 2024