OMVS Signs New Agreement to Expand Partner Portfolio
OMVS Signs New Agreement to Expand Partner Portfolio
TAMPA, Fla.--(BUSINESS WIRE)-- Moving aggressively to fill out its portfolio of transportation partners, On the Move Systems Corp. (OTCBB: OMVS) today signed a letter of intent to offer air transportation services from the Naples Connection, Inc., on its new online portal now in development.
The Naples Connection is a Florida company that delivers online deals on flights, cruises, hotels and travel. OMVS has already begun conducting due diligence toward possible joint ventures, partnerships and other strategic opportunities with the company. The Naples Connection could soon be OMVS' first partner to share in charter, travel and cargo revenues, beginning with transport to the Bahamas.
While terms are being negotiated, work continues on OMVS' groundbreaking ISTx platform, the digital heart of its plan to compete in the $300 billion online transportation industry by offering niche services such as private air charters, intermodal transport, luxury driving, pet shipping and more. Last week, OMVS inked a letter of intent with JetSet Car Service, an expansion-minded luxury chauffeured car service based in Houston.
Under the terms of potential definitive agreements, the Naples Connection, JetSet and many others would reap the benefit of OMVS' innovative online marketing strategies while providing top-flight service to travelers and shippers through the portal. 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 views this shortfall as a major market opportunity.
The ISTx platform is key to OMVS' plans to market and develop new solutions that will allow it to compete in the online travel 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.
Robert Wilson, 813-367-9511
President and CEO
info@onthemovesystems.com
KEYWORDS: United States North America Florida
INDUSTRY KEYWORDS:
The article OMVS Signs New Agreement to Expand Partner Portfolio 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.
