OMVS Lines Up New Acquisition Targets in $300 Billion Online Transportation Industry
TAMPA, Fla.--(BUSINESS WIRE)-- After formally announcing its revolutionary new business model to capture a share of the booming $300 billion online transportation sector, On the Move Systems Corp. (OTCBB: OMVS) is wasting no time in lining up emerging transportation providers for potential partnership and acquisition.
The company has already initiated talks with private air carriers, ground transportation services and intermodal and logistics providers well-positioned to help OMVS achieve its mission to create a next-generation online transportation portal. Competing portals such as Kayak, Expedia, Travelocity, Orbitz and more have revolutionized the way we move from place to place, and OMVS is currently exploring new opportunities to foster a similar revolution for people and businesses looking to avoid the big airlines and shipping companies without paying exorbitant fees.
"The online transportation segment has been forecast by many experts to represent almost a third of the trillion-dollar global transportation market," said OMVS CEO Patrick Brown. "The evolution of this industry is far from over, and we believe we have the technology to push this sector into a new era of customer service."
By offering easy, round-the-clock access to niche service providers, OMVS plans to market new technology solutions that will allow it to compete in the online transportation market alongside Priceline.com (NAS: PCLN) , TripAdvisor.com (NAS: TRIP) and Expedia.com (NAS: EXPE) .
For more information on On the Move Systems' 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 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.
Patrick Brown, 813-367-9511
President and CEO
KEYWORDS: United States North America Florida
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