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Tuesday, November 29, 2022

On The Move Systems Corp(OTCMKTS:OMVS) is On the Move

On The Move Systems Corp(OTCMKTS:OMVS) has had a year to remember running from $0.0034 lows last year to recent highs of $0.288 per share. Over that time period OMVS transformed from illiquid below a penny to one of the top most traded stocks on the entire OTCBB that has attracted legions of shareholders.

The big story on OMVS is their trucking software described as the “UBER” for the trucking industry as well as Robotic Assistance Devices (RAD) that currently has a sales pipeline of over 50 Fortune 500 companies and over 25 qualified dealers and distributors that have a combined customer base of more than 35,000 end user corporations.

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 it is preparing to deploy one of its robots with a major North American utility client with over 5,000 employees. RAD previously announced that it entered into an agreement with this client for a proof of concept (“POC”) on June 22, 2017. RAD will be deploying the robot this week. The POC is scheduled to last 20 days after which, if satisfied, the utility is expected to place orders with RAD for robots. “We are very happy to be deploying one of our autonomous security robots with this major utility,” said Steve Reinharz, President and CEO of RAD. “We are currently working with other large companies and distributors and we expect to enter into several other POC agreements with other large companies in the near future.”

RAD expects to deploy robots to end users in July. To date RAD has commitments for 30 robots for total contract values of approximately $3 million and expects to receive commitments for a total of 60 robots for total contract values of approximately $6 million by the end of the summer. OMVS has successfully completed its due diligence process on RAD as part of the binding LOI that was entered into on May 10th, 2017 for the purchase of 100% of RAD by OMVS. It is anticipated that the acquisition will close before August 10, 2017.

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Last month OMVS reported it has signed a distribution agreement with one of the largest security companies in North America for the distribution of RAD’s autonomous security robots. “We are very pleased to have entered into a distribution agreement with this major partner,” said Steve Reinharz, President and CEO of RAD. “This partnership is expected to significantly assist us in penetrating the North American market as we continue to expand our distribution network.”

On July 26 OMVS announced it has received an additional 10 robot reservations for a total of 40 robot reservations with total contract values of approximately $4 million. “We are seeing very strong demand for robots from prospective clients,” said Steve Reinharz, President and CEO of RAD, “and we expect to comfortably meet our target of 60 robot reservations by the end of the summer.”

RAD expects to deploy robots to end users in July. To date RAD has commitments for 40 robots for total contract values of approximately $4 million. OMVS has successfully completed its due diligence process on RAD as part of the binding LOI that was entered into on May 10th, 2017 for the purchase of 100% of RAD by OMVS. It is anticipated that the acquisition will close before August 10, 2017.

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Currently trading at a $12 million market valuation OMVS is an exciting story developing in small caps; the Companys versatile platform enables larger trucking companies to locate and contact local, independent haulers who they can contract with, making their shorter runs more efficient and cost-effective. OMVS recently acquired Robotic Assistance Devices (RAD) which announced it is preparing to deploy one of its robots with a major North American utility client with over 5,000 employees. RAD has commitments for 30 robots for total contract values of approximately $3 million and expects to receive commitments for a total of 60 robots for total contract values of approximately $6 million by the end of the summer. 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.

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