TAMPA, Fla.--(BUSINESS WIRE)--A global boom in demand for online bookings has led to extreme growth for the leaders in the online travel industry, and On the Move Systems Corp. (OTCBB: OMVS) is working hard to capitalize on the trend.
Last week, Priceline.com Inc. (NASDAQ: PCLN) closed above $1,000 a share, making it the only technology stock in an exclusive club of only nine companies trading above four figures. Priceline’s gains have been fueled by surging business through two units acquired in recent years, Booking.com and Agoda.com. To diversify its business, Priceline also acquired travel search engine Kayak Software Corp. in a deal that closed in May.
“As impressive as Priceline has been, there’s even more incredible growth in store for this online sector,” said OMVS CEO Robert Wilson. “There are many unique niches in the marketplace that aren’t being fully tapped or even explored. We see that as an opportunity.”
OMVS is working to repeat Priceline’s path to success by pursuing targeted acquisitions and strategic partnerships of its own. Last week, the company signed a letter of intent to partner with JetSet Car Service, potentially the first luxury transportation company to offer services on the new portal.
It’s only the first of many more agreements expected to follow soon: OMVS has contacted representatives of private charter air carriers, intermodal transport companies, luxury car services and other in-demand services not offered by Priceline and other large websites.
In partnership with software architects BryterDyne, OMVS is working towards the release of the groundbreaking ISTx platform, the digital heart of an online destination designed to connect users with niche transportation options that will allow it to compete in the online travel market alongside Ctrip.com International, Ltd., TripAdviser Inc. (NASDAQ: TRIP) and Expedia.com (NASDAQ: EXPE).
For more information on On the Move Systems’ bold new mission, please visit www.onthemovesystems.com.
About On the Move Systems Corp.
On the Move Systems Corp. (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.
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