OMVS Scouts New Opportunities in Growing $300 Billion Online Travel Industry Business Wire 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 visitwww.onthemovesystems.com/investors.html. 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 website atwww.onthemovesystems.com. 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. Contact: On the Move Systems, Inc. Patrick Brown, 813-367-9511 President and CEO firstname.lastname@example.org
OMVS Scouts New Opportunities in Growing $300 Billion Online Travel Industry
Press spacebar to pause and continue. Press esc to stop.