|By Business Wire||
|April 15, 2014 05:00 AM EDT||
With the oil and gas industry in the U.S. enjoying a tremendously profitable renaissance, On the Move Systems Corp. (OTCBB: OMVS) is exploring the addition of oilfield transportation services to its growing slate of online travel and transportation options.
New drilling technologies have led to an unprecedented boom in energy exploration and production in the United States, and in Texas, in particular, where the Eagle Ford shale formation has become one of the biggest natural gas plays in world history. Today, America has become the world's largest producer of natural gas, and it places third in oil production, just behind Saudi Arabia and Russia. Shale production has launched corresponding booms in pipelines and railroads. It has expanded the oil and gas industries by an estimated 600,000 workers.
In order to capture some of the enormous growth being generated by the oil and gas industry, OMVS is working to partner with or acquire companies capable of providing comprehensive oilfield transportation services, from trucking to rail to intermodal shipping.
“This is a growing industry that requires a lot of niche transportation services, and we plan to position OMVS to provide them,” said OMVS CEO Robert Wilson.
By forging strategic partnerships with cutting-edge travel and transportation providers, OMVS plans to build a network of niche services that will soon comprise its forward-looking online booking portal. The company expects to market and develop new solutions that will allow the company to compete alongside Priceline.com (NASDAQ: PCLN), TripAdvisor.com (NASDAQ: TRIP) and Expedia.com (NASDAQ: EXPE).
For more information on OMVS’ bold new direction, please visit www.onthemovesystems.com.
About On the Move Systems Corp.
On the Move Systems Corp. (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.
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