OMVS Proceeds with Development of Groundbreaking Transportation Portal
OMVS Proceeds with Development of Groundbreaking Transportation Portal
TAMPA, Fla.--(BUSINESS WIRE)-- On the Move Systems Corp. (OTCBB: OMVS) announced today that it is forging ahead with plans to construct a next-generation online transportation portal designed to deliver more travel options to business and consumers than ever before.
OMVS recently signed a development partnership agreement with ByterDyne, an architect of scalable, custom software solutions across the energy, transportation/logistics and e-commerce industries. Together, the two companies are working to complete the development of OMVS' ISTx platform, the digital heart of an online portal designed to connect users with discounted transportation options from charter jet service to luxury ground shuttles and more.
"ByterDyne has the development skills to help transform our vision into a reality," said OMVS CEO Patrick Brown. "We've already created the framework for a powerful, user-friendly destination online for niche travelers who are underserved by our competitors in this space. With their help, the ISTx will soon emerge as a peerless, disruptive technology in the transportation industry."
This year, a third of all travel sales around the globe will be booked online, according to a report by the travel research company PhoCusWright. Online bookings are growing twice as fast as the total travel market. The largest online portals, however, typically focus on the major airlines, leaving many travelers out in the cold. OMVS sees this shortfall as a major opportunity.
The ISTx platform is a major part of OMVS' plans to market and develop new solutions that will allow it to compete in the online travel market alongside Priceline.com (OTCBB: PCLN), TripAdvisor.com (OTCBB: TRIP) and Expedia.com (OTCBB: 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
info@onthemovesystems.com
KEYWORDS: United States North America Florida
INDUSTRY KEYWORDS:
The article OMVS Proceeds with Development of Groundbreaking Transportation Portal originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
