QualityStocks would like to highlight
On the Move Systems, Inc. (
OTCQP: OMVS). The company has established a scalable business model for leveraging the available routes and “legs” of private aviation to book private air charter, freight, and animal/exotic transport services. Their unique ISTx software is designed for managing and supporting services and routes across multiple private/commercial carriers through this single platform. Current divisions of OMVS include Charter Services, Inter-Modal Freight, and Animal/Exotic Transport.
In the company’s news,
On the Move Systems announced it is exploring a deal that would enable it to offer charter flights to Cuba via its online travel bookings portal.
The company is in talks with Gulf Coast Aircraft, Inc., to form a partnership that would enable On the Move Systems to sell air charter flights to air travelers to Cuba. Specifically, the partnership would encompass On the Move Systems referring charter flights customers to Gulf Coast Aircraft, Inc. via its online ISTx portal, in exchange for a share of agent commissions.
Travel between the U.S. and Cuba is restricted. However, some regulations for Americans to obtain permission to travel to Cuba, as designated by the U.S. Treasury Department and the Office of Asset Control, are becoming more lax. Some U.S. citizens are able to obtain permission for travel to Cuba via a licensed service provider, instead of the U.S. government itself. On the Move Systems has explored these growing changes in American-Cuban travel dynamics and sees a real market opportunity in providing international air travel options to meet this growing demand.
On the Move Systems’ online ISTx portal continues to be developed, and is scheduled to be up-and-running sometime in 2014. Through its online bookings portal, the company will offer niche services such as private air charters, intermodal transport, luxury driving, pet shipping, and many more options. PhoCusWright, a travel research group, estimates that around a third of all travel bookings will take place online in 2013. In the $300 billion online travel industry, On the Move Systems continues to explore and enter strategic partnerships that will establish it as an industry player.
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Forward-Looking Statement:
This release may contain forward-looking statements 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. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
