OMVS Adds Logistics Consolidation to Online Travel Model
TAMPA, Fla.--(BUSINESS WIRE)-- On the Move Systems Corp. (OTCBB: OMVS) announced today that the company is working to expand its online travel booking platform now under development to include shipping and logistics options for businesses large and small.
Spending in the U.S. logistics and transportation industry alone totals about $1.3 trillion—a truly massive market. Despite the enormous amount of money spent on logistics nationwide, however, the industry has lagged behind in technology innovations that could make transporting smaller batches of goods an easy, cost-effective process, says OMVS CEO Patrick Brown.
"We see a major opportunity to apply the 'unsold hotel rooms' business model employed by successful companies such as Hotwire.com to the millions of shipping containers and cargo transport options crisscrossing the country on any given day," Brown said. "Offering discounted rates online for empty container space already scheduled for transport and other logistics options could be just as revolutionary in this space as online travel booking has been for the leisure industry."
OMVS is already working to develop new innovations in an online travel segment forecast by many industry researchers to represent almost a third of the trillion-dollar global travel market. The company plans to compete with online portals such as Kayak, Expedia, Travelocity and Orbitz by focusing on underserved niche customers, such as high-end executive business travelers.
Adding online logistics solutions for large and small businesses is another ambitious goal for the fast-growing company as it works to capture a share of 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/investors.html.
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.
On the Move Systems, Inc.
Patrick Brown, 813-367-9511
President and CEO
KEYWORDS: United States North America Florida
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