OMVS Develops New Acquisition Strategy to Capitalize on Drilling Boom
August 13 2014 - 5:00AM
Business Wire
As unconventional oil and gas drilling sparks a major economic
boom in resource-rich regions across the country, On the Move
Systems Corp. (OTCBB: OMVS) opened partnership talks this week with
a chemical transportation company based in the hydrocarbon hotbed
of Texas.
The dramatic increase in unconventional drilling in Texas, North
Dakota and elsewhere has exponentially expanded the demand for
trucking and shipping of chemicals and hazardous materials. By
acquiring or forming a joint venture with a company specializing in
such transportation services, OMVS plans to capitalize on the
energy boom and add another niche service to its broad array of
consumer and business-to-business travel and transportation
offerings.
“By acquiring or partnering with an experienced service
provider, we can begin providing more of the specialized
transportation options that the market increasingly demands from
us,” said OMVS CEO Robert Wilson. “We hope to announce a signed
preliminary agreement with a Texas-based specialty transporter very
soon.”
All summer, OMVS has targeted trucking and shipping companies
who can handle out-of-the-ordinary cargo as the company works to
build a network of transportation and logistics partners that can
move many varieties of cargo by truck, rail, sea and air. The
company signed a letter of intent last month to partner with a
Texas-based provider of specialty freight and shipping services in
order to create a new oilfield trucking firm.
By forging strategic partnerships with cutting-edge travel and
transportation providers, OMVS plans to build a network capable of
offering a wide range of niche solutions. The company expects to
market and develop new services that will allow the company to
compete alongside Con-way Freight (NYSE: CNW), Saia (NASDAQ: SAIA)
and Old Dominion Freight Lines (NASDAQ: ODFL).
For more information on OMVS’ bold new direction, please
visit www.onthemovesystems.com.
About On the Move Systems, Inc.
On the Move Systems, Inc. (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, Inc.Robert Wilson, 813-367-3511President
and CEOinfo@onthemovesystems.com
Altair (QB) (USOTC:ATAO)
Historical Stock Chart
From Nov 2024 to Dec 2024
Altair (QB) (USOTC:ATAO)
Historical Stock Chart
From Dec 2023 to Dec 2024