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New LOI Will Enable OMVS to Expand Its Shared Economy Reach Beyond TruckingOn the Move Systems (OMVS) has signed an important letter of intent with a Florida-based online freight service platform that will allow the company to potentially offer its upcoming "Uber-for-Trucking" shared economy app in several additional key logistical markets. The agreement provides an avenue for OMVS and Shipping and Transports LLC to develop partnerships and joint ventures in pursuit of shared economy and freight brokerage opportunities in ground, air and sea logistics-related services. "Shipping and Transports' business niche offers a natural complement to the shared economy trucking services we already have under development," said OMVS CEO Robert Wilson. "Working with them gives us a way to not only strengthen our own offering, but to expand it into additional promising markets, like sea and air freight, that could generate revenue and build market share. There is a definite synergy between the two companies and we can help each other find opportunities and customers that may have before been out of our reach. This should be a strong, mutually beneficial partnerhip." The companies intend to ride the wave of technology spending now sweeping the logistics industry. As logistics' technology spending and investments continue to grow, analysts are predicting the industry will soon undergo a radical operational transformation, with shared economy platforms becoming as common as trip sheets and manifests. In 2014 alone, logistics firms invested nearly $100 million in new technologies to improve their businesses. This trend has shown no sign of slowing in 2015. For more information on OMVS, please visit www.onthemovesystems.com. About On the Move Systems, Inc. On the Move Systems, Inc. (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 and exploring new opportunities in trucking. 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," "anticipates" 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.
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