'Open Legs' Could Mean Big Profits for OMVS
TAMPA, Fla.--(BUSINESS WIRE)-- As development continues on On the Move Systems Corp.'s (OTCBB: OMVS) ISTx platform for online travel booking, the company is working to strike new deals to offer discounted rates on charter airlines' "open legs," or empty flights.
Open leg charter space becomes available when an existing customer charters a flight one-way. That plane still has to return to its home airport, and that means costs for the carrier; everything from housing the flight crew to the fuel and other costs to fly the aircraft home.
Booking your flight on one of these empty legs means that you are actually helping reduce the carrier's costs - a favor the carrier returns by charging far less than you would pay by booking a regular charter flight.
By helping both charter companies and travelers get what they want, OMVS plans to earn high customer satisfaction with a site that will also offer luxury ground transport, intermodal shipping services and more.
"We have a major marketing push planned that we expect to make our new portal the preferred destination for charter booking," said OMVS CEO Robert Wilson. "No one else will offer the breadth of options or ease of use that we're putting together now."
OMVS is working to revolutionize the way cargo transport services are bought and sold by delivering a new online platform employing the same business model as companies 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 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
KEYWORDS: United States North America Florida
The article 'Open Legs' Could Mean Big Profits for OMVS 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.