On The Move Systems Corp(OTCMKTS:OMVS) has been trending up in recent days after reversing off $0.0041 lows. The reversal comes off of some significant press coming from the company and investors are hoping this breaks the downward trend OMVS has been on in recent months.
The last time OMVS ran was over excitement regarding RAD and its 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 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 July 19 OMVS announced Robotic Assistance Devices (RAD), its wholly owned subsidiary, has received a paid order for two SCOT(TM) units and Two Wally units from one of its major dealers to be used for client demonstrations of the RAD Software Suite. The dealer indicated they want to deploy another 2 SCOTs and 2 Wallys to additional offices later in the year.
“Guarding company dealers are excited for how RAD is transforming their business and profitability and we expect continued careful expansion of our dealer network,” said Steve Reinharz, President and CEO of RAD. “Growing through the channel allows RAD rapid expansion at a low cost.”
SCOT(TM) and Wally allow guarding companies efficiently priced guarding options for their end users to use in conjunction with human guarding assets or in areas where human guards are either too expensive or it’s impractical to assign them. Easy to install and scale, RAD’s hardware solutions leverage the RAD Software Suite which provides innovative artificial intelligence-based technologies to enhance an organization’s situational awareness, communication and control.
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Currently seeing some big volotility OMVS has minimal assets 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.