OMVS Signs Preliminary Agreement to Form New Oilfield Trucking Company
TAMPA, Fla. -- July 23, 2014
On the Move Systems Corp. (OTCBB: OMVS) announced today that the company
signed a letter of intent to partner with a Texas-based provider of specialty
freight and shipping services in order to create a new oilfield trucking
company. The agreement with Round-Up Transports, LLC, gives OMVS an exclusive
option period to conduct due diligence toward a potential joint venture.
New drilling technologies have led to an unprecedented boom in energy
exploration and production in the United States, and in Texas, in particular,
where shale formations in the Permian Basin and elsewhere have made the state
a world leader in hydrocarbon recovery. OMVS is working to capitalize on that
economic growth by providing top-notch services to the oil and gas industry.
Due to its extensive experience and contacts in Texas’ transportation
industry, Round-Up could prove to be an ideal partner in OMVS’ efforts to
create a new oilfield trucking company.
“Round-Up Transports is an experienced firm with the knowledge, expertise,
equipment and manpower to ship difficult, niche cargo,” said OMVS CEO Robert
Wilson. “They have the resources we need to create a new business that can
offer oilfield transportation solutions to the growing number of drilling and
exploration companies active in Texas.”
By forging strategic partnerships with cutting-edge travel and transportation
providers, OMVS plans to build a network capable of offering a wide range of
niche solutions. The company expects to market and develop new services that
will allow the company to compete alongside Con-way Freight (NYSE: CNW), Saia
(NASDAQ: SAIA) and Old Dominion Freight Lines (NASDAQ: ODFL).
For more information on OMVS’ transportation initiatives, 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
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
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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, 813-367-3511
President and CEO
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