OMVS Continues Asset Acquisition Due Diligence as Market Looks Good for Refrigerated Haulers

HENDERSON, Nev.--()--On the Move Systems (OMVS) is considering the purchase of a trucking company and a recent industry report shows the market is particularly strong for refrigerated freight, one of the areas OMVS would target should it enter the industry.

The well-followed DAT North American Freight Index revealed that spot market volumes rebounded 15 percent in December 2015, and that rates jumped substantially in three categories. Refrigerated trailer (also known as “reefers” in the industry) enjoyed second-highest increase in volume (13 percent) and the highest in rates (2.3 percent) over the month compared to November.

“These numbers look quite promising,” said OMVS CEO Robert Wilson. “They provide strong support for our due diligence towards the possible purchase of a small trucking company. The industry enjoyed a record year in 2014, and it continued its strong performance last year. In addition, we’ve found solid research showing trucking companies should enjoy solid volumes and rates well into the foreseeable future. Adding a trucking company to our portfolio would greatly expand our revenue base and our product offerings.”

Wilson cited the highly regarded American Trucking Associations’ (ATA) U.S. Freight Transportation Forecast, which projects freight volumes will jump nearly 29 percent by 2026. Elsewhere, GE Capital predicts in its Trucking Industry Economic Outlook Survey that nearly half of all trucking executives it recently polled reported solid revenue growth and that they expect the industry to grow substantially.

OMVS’s proposed new trucking firm would allow the company to compete alongside Con-way Freight (CNW), SAIA Inc. (SAIA) and Old Dominion Freight Lines (ODFL).

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.

Contacts

On the Move Systems, Inc.
Robert Wilson, 702-990-3271
President and CEO

On the Move Systems, Inc.