HENDERSON, Nev.--(BUSINESS WIRE)--On the Move Systems (OMVS) has gotten important new financing which will help propel the company’s aggressive growth plans. These plans include the potential acquisition of a trucking firm, design work on its upcoming “Uber-for-Trucking” platform and research for its on-demand courier service.
The current financing deal comes with the possibility of additional increased funding down the road.
“On the Move Systems is now rapidly moving forward,” said OMVS CEO Robert Wilson. “We can shift into a higher gear and accomplish more of our strategic growth plan. We can hit the accelerator on development of the shared economy trucking platform and pave the way to purchasing a small trucking operation, where we can not only test the app, but add new revenues. And, of course, we can make additional inroads on the courier service.”
OMVS has been preparing to throttle up expansion in anticipation of receiving the funding, noting several industry trends that could positively impact its future business prospects.
The American Trucking Associations’ (ATA) U.S. Freight Transportation Forecast recently projected freight volumes will jump nearly 29 percent by 2026, which could boost demand for a shared economy trucking platform. Meanwhile, analysts predict the global courier market will grow at a 3.42 percent compound annual growth rate through 2019.
For more information on OMVS, please visit http://www.onthemovesys.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. OMVS’s proposed new trucking firm could allow the company to compete alongside Con-way Freight (CNW), SAIA Inc. (SAIA) and Old Dominion Freight Lines (ODFL). For more information, please visit our website at http://www.onthemovesys.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,” “anticipates” 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.