OMVS Explores Adding Oilfield Transportation Services to Portal as Drilling
TAMPA, Fla. -- October 21, 2013
With the demand for oilfield trucking at an all-time high, On the Move Systems
Corp. (OTCBB: OMVS) announced today that it’s exploring potential partnerships
that could add highly sought trucking companies to its online transportation
portal currently in development.
Last year was a record industry for the U.S. oil and gas industry, producing
higher amounts of both commodities than ever before. The U.S. Energy
Information Administration estimates that total domestic oil production will
increase by nearly one million barrels per day over 2012’s total, and that
growth is only expected to continue.
Transportation is an element critical to maintaining that pace. About 66,000
more trucks were demanded in 2012 than in 2011 due to the expansion of oil
shale extraction, according to the Abilene Reporter-News. Qualified drivers
are in short supply in areas such as West Texas, where the Cline Shale play
will likely dramatically increase demand soon. Shale extraction requires large
amounts of water and sand to be hauled to wells.
By adding oilfield trucking services to its growing suite of online
transportation options, OMVS plans to connect oilfield services companies with
the trucking businesses faster and more easily than ever before. The company
is building a one-stop Internet destination for purchasing charter flights,
luxury car services, intermodal transportation, pet shipping and many other
Last week, the company acquired a stake in a luxury transportation company and
finalized its first revenue sharing deal. The new portal is planned to come
online next year.
Specialty services such as oilfield trucking are part of the company’s plans
to market and develop new solutions to compete in the online travel market
alongside Priceline.com (OTCBB: PCLN), TripAdvisor.com (OTCBB: TRIP) and
Expedia.com (OTCBB: EXPE).
For more information on On the Move Systems’ bold new direction, please
About On the Move Systems Corp.
On the 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 travel industry. For more information, please visit our
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 Corp.
Robert Wilson, 813-367-9511
President and CEO
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