TAMPA, Fla. -- (Business Wire)
On the Move Systems Corp. (OTCBB: OMVS) announced today that the company
signed a letter of intent to partner with a Texas-based provider of
specialty freight and shipping services in order to create a new
oilfield trucking company. The agreement with Round-Up Transports, LLC,
gives OMVS an exclusive option period to conduct due diligence toward a
potential joint venture.
New drilling technologies have led to an unprecedented boom in energy
exploration and production in the United States, and in Texas, in
particular, where shale formations in the Permian Basin and elsewhere
have made the state a world leader in hydrocarbon recovery. OMVS is
working to capitalize on that economic growth by providing top-notch
services to the oil and gas industry. Due to its extensive experience
and contacts in Texas’ transportation industry, Round-Up could prove to
be an ideal partner in OMVS’ efforts to create a new oilfield trucking
company.
“Round-Up Transports is an experienced firm with the knowledge,
expertise, equipment and manpower to ship difficult, niche cargo,” said
OMVS CEO Robert Wilson. “They have the resources we need to create a new
business that can offer oilfield transportation solutions to the growing
number of drilling and exploration companies active in Texas.”
By forging strategic partnerships with cutting-edge travel and
transportation providers, OMVS plans to build a network capable of
offering a wide range of niche solutions. The company expects to market
and develop new services that will allow the company to compete
alongside Con-way Freight (NYSE: CNW), Saia (NASDAQ: SAIA) and Old
Dominion Freight Lines (NASDAQ: ODFL).
For more information on OMVS’ transportation initiatives, 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 travel 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.
Contacts:
On the Move Systems, Inc.
Robert Wilson, 813-367-3511
President
and CEO
info@onthemovesystems.com
Source: On the Move Systems Corp.
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