On The Move Systems Corp(OTCMKTS:OMVS) is making an explosive move up on accelerating volume since reversing off $0.091 lows last month. the stock has a long history of big moves running to highs of $11.04 earlier this year.
OMVS move up came after the Company issued a flurry of press releases on their new “UBER” for the trucking industry platform that they are currently developing.
On The Move Systems Corp(OTCMKTS: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.
The story on OMVS is their new trucking software described as the “UBER” for the trucking industry. According to the Company the software will unite business applications, logistics inventory, and end-customers through OMVS, making it easier to request a personal, local freight carrier.
OMVS conceived the on-demand freight platform to widen the availability of interstate shipping methods, quicken delivery of goods, and synchronize freight supply chain operations. The addition to the ISTx platform seeks to streamline the billion dollar trucking industry, increasing the efficiency and connectivity of the approximately 3 million trucks on the road.
CEO Robert Wilson said “Its Uber for commercial transport. Our focus is in response to our culture’s popular sharing economy, much like Uber and Airb&b. We’re anticipating our user’s needs by broadening their choices in freight. Adding the on-demand platform to our ISTx platform will revolutionize the trucking industry by increasing the number of perfect nearby carriers for their load. Cutting costs for shipping is an enormous economic benefit to suppliers.”
Earlier this year OMVS announced the U.S. trucking industry is facing a driver shortage and On the Move Systems, Inc. has developed a pioneering new “Uber for trucking” platform that could help carriers find the people they need behind the wheel.
Image is a major problem confronting the industry and keeps many potential driver candidates away. Prospective drivers often do not see trucking as a career with solid long-term job security or advancement opportunities.
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One suggestion has been for trucking to improve its image with better branding. The idea is to make trucking an industry people want to work for and stay with. However, even with better branding, trucking industry recruiters have been limited in how they can reach potential recruits. With limited ways to spread the word to prospective drivers, companies are missing out on many potentially valuable employees.
In addition, OMVS’s versatile platform will enable larger trucking companies to locate and contact local, independent haulers who they can contract with, making their shorter runs more efficient and cost-effective.
On February 3 OMVS announced it 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.
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Currently trading at a $1.8 million market valuation (based on 34,280,000 shares out) OMVS has just $13,000 in the treasury, minimal revenues and rising short term debt. But this is an exciting story developing in small caps: the Company is developing the “UBER” for the trucking industry and the stock has a proven history of successful moves. We will be updating on OMVS on a daily basis so make sure you are subscribed to microcapdaily.com so you know what is going on with OMVS.
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Disclosure: we hold no position in OMVS either long or short and we have not been compensated for this article.