OMVS Inks Key LOI for Design of “Uber-for-Trucking” Shared Economy Platform

HENDERSON, Nev.--()--On the Move Systems (OMVS) has signed an important letter of intent with a prominent Houston-area software design firm regarding development of its upcoming shared economy app. The online, on-demand app, when released, will revolutionize the trucking industry by connecting national and local carriers, enabling each to maximize efficiency, optimize routes and reduce costs.

“This is a major milestone for On the Move Systems and its investors,” said OMVS CEO Robert Wilson. “After months of research and engineering of the optimum customer interface, we're ready to put the vision into a working solution. We’ve identified a well-regarded design firm with solid, proven experience in the building of similar shared economy platforms. When the agreement is completed, we’ll not only have a one-of-a-kind shared economy platform that will transform the trucking industry, but one we’re optimistic will generate healthy revenues as well.”

The letter of intent represents the latest in a list of recent achievements by OMVS and its “Uber-for-Trucking” shared economy business model. The company has drawn great interest from trucking firms as it continues to seek out and recruit local and national firms to join its roster of users. OMVS’s cutting-edge shared economy platform will enable truckers to not only build networks, but maximize equipment utilization, recruit drivers and effectively price their services.

The shared economy business model, led by Uber, Lyft and Airbnb, has been quickly gaining a foothold in a variety of industries across America over the past few years. The innovative business concept has proven to be a solid growth opportunity, with analysts estimating the total market for shared economy services to be $450 billion.

For more information on OMVS, please visit www.onthemovesystems.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. For more information, please visit our website at www.onthemovesystems.com.

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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.

Contacts

On the Move Systems, Inc.
Robert Wilson, 702-990-3271
President and CEO

Contacts

On the Move Systems, Inc.
Robert Wilson, 702-990-3271
President and CEO