OMVS Signs Preliminary Agreement to Form New Oilfield Trucking Company
July 23 2014 - 4:00AM
Business Wire
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
visit www.onthemovesystems.com.
About On the Move Systems, Inc.
On the 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
website at www.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, 813-367-3511President
and CEOinfo@onthemovesystems.com
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