Online Portals Make Huge Gains as Demand for Bookings Grows
TAMPA, Fla. -- September 23, 2013
A global boom in demand for online bookings has led to extreme growth for the
leaders in the online travel industry, and On the Move Systems Corp. (OTCBB:
OMVS) is working hard to capitalize on the trend.
Last week, Priceline.com Inc. (NASDAQ: PCLN) closed above $1,000 a share,
making it the only technology stock in an exclusive club of only nine
companies trading above four figures. Priceline’s gains have been fueled by
surging business through two units acquired in recent years, Booking.com and
Agoda.com. To diversify its business, Priceline also acquired travel search
engine Kayak Software Corp. in a deal that closed in May.
“As impressive as Priceline has been, there’s even more incredible growth in
store for this online sector,” said OMVS CEO Robert Wilson. “There are many
unique niches in the marketplace that aren’t being fully tapped or even
explored. We see that as an opportunity.”
OMVS is working to repeat Priceline’s path to success by pursuing targeted
acquisitions and strategic partnerships of its own. Last week, the company
signed a letter of intent to partner with JetSet Car Service, potentially the
first luxury transportation company to offer services on the new portal.
It’s only the first of many more agreements expected to follow soon: OMVS has
contacted representatives of private charter air carriers, intermodal
transport companies, luxury car services and other in-demand services not
offered by Priceline and other large websites.
In partnership with software architects BryterDyne, OMVS isworking towards
the release of the groundbreaking ISTx platform, the digital heart of an
online destination designed to connect users with niche transportation options
that will allow it to compete in the online travel market alongside Ctrip.com
International, Ltd., TripAdviser Inc. (NASDAQ: TRIP) and Expedia.com (NASDAQ:
For more information on On the Move Systems’ bold new mission, please
About On the Move Systems Corp.
Onthe Move Systems Corp.(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 transportation industry. For more information, please visit
our website atwww.onthemovesystems.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,” “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.
Robert Wilson, 813-367-9511
President and CEO
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