OMVS Moves Forward with New Acquisition Plans
TAMPA, Fla. -- November 20, 2013
On the Move Systems Corp. (OTCBB: OMVS), a fast-growing provider of online
transportation services, signed a letter of intent today to partner with
AvStar Aviation Services, Inc. (OTCBB: AAVG), an aviation company, looking to
roll up a series of fixed-base operators (FBOs) across the country.
FBOs are crucial to the success of the booming private aviation industry. They
are found at most private airfields and provide aircraft- and travel-related
services for jets and other craft, including fuel sales, hanger and tie-down
services, hotel and car rental services, travel and flight planning and
restocking and clean up services.
“FBOs are currently a $4-5 billion industry, with approximately 5,200
operating in the U.S. alone,” said OMVS CEO Robert Wilson. “AvStar knows this
business well, and a potential partnership with them could prove a highly
lucrative move for our company and our investors.”
Through its cutting-edge online transportation portal now in development, OMVS
plans to offer business and leisure travelers the comfort and convenience of
private air travel to any destination without the prohibitive costs associated
with buying, insuring and maintaining an aircraft.
In recent weeks, the company’s executive leadership has opened talks with
several transportation companies regarding possible partnerships and
acquisitions. By developing new and better solutions for business travelers,
OMVS plans to compete in the online travel market alongside larger firms such
as Priceline.com (NASDAQ: PCLN), TripAdvisor.com (NASDAQ: TRIP) and
For more information on On the Move Systems’ bold new direction, please
About On the Move Systems Corp.
On the Move Systems Corp.(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
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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