OMVS Targets New Assets to Capitalize on Soft Oil Prices
March 30 2015 - 5:00AM
Business Wire
On the Move 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.
On the Move Systems, Inc.Robert Wilson, 702-990-3271President
and CEOinfo@onthemovesystems.com
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