Online Portals Make Huge Gains as Demand for Bookings Grows

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Online Portals Make Huge Gains as Demand for Bookings Grows

TAMPA, Fla.--(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. (NAS: 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. (NAS: TRIP) and Expedia.com (NAS: 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.



On the Move Systems, Inc.
Robert Wilson, 813-367-9511
President and CEO
info@onthemovesystems.com

KEYWORDS:   United States  North America  Florida

INDUSTRY KEYWORDS:

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