This stock is on the move upwards. On the Move Systems Corp. (“we”, “us”, “our”, “OMVS”, or the “Company”) was incorporated in Nevada on March 25, 2010. We reincorporated into Nevada on February 17, 2015. Our business focus is transportation services. They are currently exploring the on-demand logistics market by developing a network of logistics partnerships. The company is located at 701 North Green Valley Parkway, Suite 200, Henderson, Nevada 89074.
Their business focus is transportation-related technology services. They are currently exploring the online, on-demand logistics market by developing a shared economy network of trucking partnerships. They are in the process of building a shared economy app designed to put independent drivers and brokers together for more efficient pricing and booking, optimized operations and quick delivery turnarounds. They have signed a letter of intent with a Houston-area software design firm regarding development of such a platform. This app, when released, will revolutionize the trucking industry by connecting national and local carriers, enabling each to maximize revenues and reduce costs.
On the Move Systems (OMVS) also just announced that Robotic Assistance Devices (RAD http://roboticassistancedevices.com/) has added two new distributors to its distribution network. RAD’s market strategy is to access clients for its robots directly and through a network of distributors in order to rapidly penetrate the market and increase robot deployment. RAD has also received an additional 22 robot reservations bringing total robot reservations to 62 for total contract values of approximately $6 million.
RAD has commenced to deploy robots to end users. To date RAD has commitments for 62 robots for total contract values of approximately $6 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. RAD currently has signed agreements for 2 POC’s with major companies. RAD 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.