OMVS: Robotic Assistance Devices Increases Robot Reservations
July 26 2017 - 8:11AM
InvestorsHub NewsWire
RENO, NV--(NewMediaWire - Jul 26, 2017) - On the Move Systems
(OTC PINK: OMVS) is pleased to announce that Robotic
Assistance Devices (RAD - www.roboticassistancedevices.com)
has received an additional 10 robot reservations for a total of 40
robot reservations with total contract values of approximately $4
million. "We are seeing very strong demand for robots from
prospective clients," said Steve Reinharz, President and CEO of
RAD, "and we expect to comfortably meet our target of 60 robot
reservations by the end of the summer."
RAD expects to deploy robots to end users in July. To date RAD
has commitments for 40 robots for total contract values of
approximately $4 million. OMVS has successfully completed its due
diligence process on RAD as part of the binding LOI that was
entered into on May 10th, 2017 for the purchase of 100% of RAD by
OMVS. It is anticipated that the acquisition will close before
August 10, 2017.
RAD currently has signed agreements for 2 POCs with major
companies.
RAD currently has a sales pipeline of over 50 Fortune 500
companies and over 25 qualified dealers and distributors that have
a combined customer base of more than 35,000 end user
corporations.
For further information please refer to www.sec.gov
CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING
STATEMENTS
This release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E the Securities Exchange Act of 1934, as amended and
such forward-looking statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. Statements in this news release other than statements of
historical fact are "forward-looking statements" that are based on
current expectations and assumptions. Forward-looking statements
involve risks and uncertainties that could cause actual results to
differ materially from those expressed or implied by the
statements, including, but not limited to, the following: the
ability of On the Move Systems to provide for its obligations, to
provide working capital needs from operating revenues, to obtain
additional financing needed for any future acquisitions, to meet
competitive challenges and technological changes, and other risks.
On the Move Systems undertakes no duty to update any
forward-looking statement(s) and/or to confirm the statement(s) to
actual results or changes in On the Move Systems expectations.
CONTACT INFORMATION
Investor Relations:
Everest Corporate Advisors Inc.
Jack Thompson
www.everestcorp.net
702-902-2361
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