OMVS Scouts New Opportunities in Growing $300 Billion Online Travel Industry
TAMPA, Fla. -- March 27, 2013
The $300 billion global online travel industry is a tempting growth prospect
that could soon prove full of opportunity for On the Move Systems Corp.
(OTCBB: OMVS), says CEO Patrick Brown.
In big, developed markets such as the U.S. and Europe, booking travel tickets
online is becoming the preferred method for both business and leisure
travelers, and the trend is spreading fast. This year, a third of all travel
sales around the globe will be booked online, according to a report by the
travel research company PhoCusWright. Online bookings are growing twice as
fast as the total travel market.
This unprecedented trend presents incredible opportunities for OMVS, Brown
says, beginning with the markets and transportation that the big players in
the industry have ignored.
“Not only are there big emerging markets such as South America and the Middle
East that are clamoring for the kind of services that Orbitz, Priceline,
Expedia and others are providing in the U.S., but there are transportation
options that are likewise not served by these companies—land, sea and air,” he
said. “Additionally, new technologies such as mobile apps and cloud computing
are changing the marketplace, making 2013 the ideal time for OMVS to get into
this booming industry.”
With the online travel segment representing nearly a third of the
trillion-dollar global travel market, OMVS views the segment as an exciting
path forward to growth and profitability for our company.”
OMVS plans to market and develop new solutions that will allow the company to
compete in the online travel market alongside Priceline.com (NASDAQ: PCLN),
TripAdvisor.com (NASDAQ: TRIP) and Expedia.com (NASDAQ: EXPE).
For more information on On the Move Systems’ bold new direction, please
About On the Move Systems, Inc.
Onthe 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
Follow OMVS on Twitter:www.twitter.com/OMVSinfo
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
Press spacebar to pause and continue. Press esc to stop.