OMVS Opens Talks With Potential Air Charter Acquisition
TAMPA, Fla.--(BUSINESS WIRE)-- As part of its mission to provide niche transportation options to online customers, On the Move Systems Corp. (OTCBB: OMVS) met last week with a charter airline service that the company has targeted for potential partnership or acquisition.
For more than a decade, the Texas-based carrier has specialized in same-day passenger and air cargo service, helping clients to avoid the high prices, boarding hassles and unreliable scheduling associated with the big airlines. As demand for private air service grows, a partnership or acquisition in the space could prove to be a major milestone in OMVS' aggressive plans to revolutionize commercial travel and transportation booking in the U.S.
Development has already begun on the company's new online transportation portal, designed to deliver more travel options to business and consumers than ever before. OMVS recently signed a development partnership agreement with ByterDyne, an architect of scalable, custom software solutions across the energy, transportation/logistics and e-commerce industries.
Together, the OMVS and ByterDyne are working to deliver a new innovation known as the ISTx platform, the digital heart of an online portal designed to connect users with discounted transportation options from charter jet service to luxury ground shuttles and beyond. Acquiring a private airline with a charter license to pair with its groundbreaking ISTx software platform would make OMVS unique in the $300 billion online travel industry.
OMVS is working to market and develop new solutions that will allow it to compete in the online travel market alongside Priceline.com (OTCBB: PCLN), TripAdvisor.com (OTCBB: TRIP) and Expedia.com (OTCBB: 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.
Patrick Brown, 813-367-9511
President and CEO
KEYWORDS: United States North America Florida
The article OMVS Opens Talks With Potential Air Charter Acquisition 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.