HENDERSON, Nev. -- (Business Wire)
On theMove Systems, Inc. (OTCBB:OMVS) announced it is seeking to
acquire assets made available in the wake of oil and gas’ economic
downturn. The move is set to aid the development of the Company’s on-demand
freight platform that is expected to revolutionize the trucking
industry.
The Company has sought trucking
partners and software
designers to develop the platform, and now turns to the purchase of
new trucking company assets to broaden its portfolio for the network.
The recent decline
of oil prices allows the Company to exercise more bargaining power
in the pursuit of trucking company assets, as highly leveraged firms
look to liquidate assets.
“Oil’s current soft market allows On the Move Systems some exciting
opportunities to acquire trucking company assets that would not have
been available several months ago. These new assets will let us build
our brand and network with special partners to raise our profile in
trucking and expand our platform.”
The Company’s on-demand freight platform will capitalize on the nation’s
booming “sharing economy,” offering on-demand customized freight
carriers under a business model similar to popular sites like Uber and
Airbnb. OMVS will continue to build its portfolio and ready a timeline
for the platform’s unveiling.
The innovative sharing economy freight platform will allow the company
to compete alongside Con-way Freight (NYSE:CNW), SAIA Inc. (NASDAQ:SAIA)
and Old Dominion Freight Lines (NASDAQ:ODFL).
For more information on OMVS, please visit www.onthemovesystems.com.
About On the Move Systems, Inc.
On the Move Systems, Inc. (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 travel
industry and exploring new opportunities in trucking. 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.
Contacts:
On the Move Systems, Inc.
Robert Wilson, 702-990-3271
President
and CEO
info@onthemovesystems.com
Source: On the Move Systems, Inc.
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