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.
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