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Saturday, May 28, 2022

What a Move for On The Move Systems Corp(OTCMKTS:OMVS)

On The Move Systems Corp(OTCMKTS:OMVS) is making a spectacular move up since reversing off $0.25 lows on huge volume quickly becoming one of the top traded stocks on the exchange.

On July 30 OMVS announced As development work continues for On the Move Systems’ (OMVS) “Uber for Trucking” portal, the company has focused its sights on mid-market haulers as the best potential users of the revolutionary shared economy online app.

Firms in this range often lack sophisticated transport management systems (TMS) to administer efficiently ever more complicated freight networks. A recent survey conducted by Logistics Management revealed that only 35 percent of shippers, including truckers, are using TMS in their daily businesses. That usage figure drops even lower when broken down by company size, Logistics Management said, with mid-size and small-size shippers having the lowest TMS adoption rates.

“This survey shows there is great market potential for a portal like ours that will help truckers better manage their operations,” said OMVS CEO Robert Wilson. “And it also indicates potential new markets for our shared economy platform we can expand into down the line. We’ve been focused entirely on trucking thus far. However, there’s no reason why our portal can’t be just as effective for other logistical companies that move freight.”

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.”

On May 20 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.

CEO Robert Wilson stated “Our innovative shared economy platform can provide a quick, effective way for truckers, recruiters and driver candidates who want to work to connect online. Trucking companies are facing higher costs because of increased driver turnover. Giving the companies, recruiters and drivers an app to connect them in one place will greatly increase each company’s exposure in the employment marketplace and help them find candidates who will stay long-term, cutting costly turnover.”

Mr Wilson has been making some bold statements; from the May 11 press release: ”OMVS’s upcoming, on-demand platform aims to take advantage of America’s rapidly growing interest in shared economy services, sales of which are expected to grow to $335 billion by 2025. The company has enjoyed recent success as it continues to build its roster of trucking partners interested in joining the platform.

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Currently trading at a $210 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: OMVS is developing the “UBER” for the trucking industry and the stock is making big moves. Without any material changes OMVS cannot maintain such a valuation for long. 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.

Ali Raza
A journalist, with experience in web journalism and marketing. Ali holds a master degree in finance and enjoys writing about cryptocurrencies and fintech. Ali’s work has been published on a number of cryptocurrency publications.

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