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ON ON Semiconductor

70.75
0.74 (1.06%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
ON Semiconductor NASDAQ:ON NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.74 1.06% 70.75 68.40 73.00 72.26 69.98 71.70 6,516,697 05:00:09

OMVS in Talks with Software Developer for On-Demand Freight Platform

01/04/2015 10:00am

Business Wire


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As On the Move Systems, Inc. (OTCBB:OMVS) continues to develop its innovative "Uber for trucking" platform that is expected to revolutionize the trucking industry, the Company announced it has met with a software developer to plan its on-demand services.

This development moves the unique program one step closer to its debut, as the Company continues its talks with select software design firms regarding the layout of the platform. The Company’s emerging roster of trucking partners interested in joining the platform ensures there will be a high number of sharing-economy sources incorporated, and the Company has set its standards accordingly.

“We anticipate a great deal of interest in our platform,” said OMVS CEO Robert Wilson. “Incorporating a number of independent truckers and trucking companies into a sharing-economy platform that is user friendly is a big effort. As we move forward with securing the design, we’re setting our sights on a software developer that can handle the information this platform will require. We’re taking great care to ensure the eventual roll out of our platform will go smoothly.”

The Company will continue talks with software developers to determine best practices for creating a timeline for the launch of the platform. The innovative sharing-economy on-demand freight platform will allow users to request local customized carriers for their freight. This revolutionary technology will allow the company to compete alongside Con-way Freight (NYSE: CNW), SAIA Inc. (NASDAQ: SAIA) and Old Dominion Freight Lines (NASDAQ: 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,” “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.

On the Move Systems, Inc.Robert Wilson, 702-990-3271President and CEOinfo@onthemovesystems.com

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