On The Move Systems Corp (OTCMKTS:OMVS) Drops

On The Move Systems Corp (OTCMKTS:OMVS) Slips On RAD Update

Shares of On The Move Systems Corp (OTCMKTS:OMVS) dropped 16.9% to $0.228 in the last session. Interestingly, the stock plunged even as On the Move Systems issued what appeared to be a positive update relating to robotic systems developer Robotic Assistance Devices, or RAD, which it is acquiring this month.

On The Move Systems Corp (OTCMKTS:OMVS)
Six month OMVS stock price chart

The dip in On The Move Systems Corp (OTCMKTS:OMVS)’ stock price arose from an unusually large trading volume. Nearly 6.0 million shares changed hands, substantially more than the daily average volume of 4.6 million.

Though the decline in the stock trimmed recent gains by shares of On The Move Systems Corp (OTCMKTS:OMVS), the stock is still up more than 3696% since the beginning of the year as of the close of the last session. The stock is up more than 100% over the last 12 months.

RAD adds more distributors and increases product reservations

On The Move Systems Corp (OTCMKTS:OMVS) announced via a press release that RAD had added new distributors and increased its robot reservations. RAD added two unidentified distributors to its expanding network of product distributors as it seeks to accelerate its market penetration and increase robot deployment.

In addition to adding more distributors, RAD has continued to receive product reservations. In the release, On The Move Systems Corp (OTCMKTS:OMVS) said RAD recently received an additional 22 robot reservations, thus bringing its total robot reservations to 62. These reservations have a contract value of about $6 million. By reaching the milestone of 62 robot reservations, RAD has surpassed its target of 60 reservations by end of summer.

RAD’s CEO Steve Reinharz was quoted in the release as say the following:

“By leveraging our own network and that of our distributors, we expect to be able to penetrate the market in a fast and efficient manner as we strive to capture a significant portion of our marketplace.”

Acquisition of RAD

On The Move Systems Corp (OTCMKTS:OMVS) agreed in May to acquire RAD. The deal was expected to close before August 10. On the Move Systems is a provider mobile electronic services. The company states on its website that its focus includes developing online, app-based trucking service with nationwide coverage.

RAD, on the other hand, is a privately funded automation robotic solutions provider that says it works to help organizations to streamline their operations, increase return on investment and strengthen safety. RAD counts San Francisco-based SMP Robotics among its partners.

By adding RAD to its portfolio, On The Move Systems Corp (OTCMKTS:OMVS) is hoping to bolster its competition in transportation and services industry.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $OMVS and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.

On The Move Systems Corp (OTCMKTS:OMVS)’s RAD Acquisition Inks $4 Million in Commitments

On The Move Systems Corp (OTCMKTS:OMVS)

On The Move Systems Corp (OTCMKTS:OMVS) was down by 4.29% in Thursday’s trading session to end the day at $0.134 a share. The selloff came even as the company announced that its proposed acquisition, Robotic Assistance Devices, had received an offer for the deployment of its robotic solutions in a major North American Utility. The company has also received an additional 10 robot reservations.

On The Move Systems Corp (OTCMKTS:OMVS)
One month daily candlebar graph for $OMVS

RAD Acquisition

On The Move Systems Corp (OTCMKTS:OMVS) is a diversified company that provides transportation services in the U.S. The company owns an online app-based trucking service that leverages available routes and capacity to book haulage, freight, and transportation services.

In May, the company entered into a binding letter of intent for the acquisition of Robotic Assistance Devices. The acquisition is set to diversify the company’s areas of operations given that it specializes in the delivery of artificial intelligence and robotic solutions for security and monitoring needs.

On The Move Systems Corp (OTCMKTS:OMVS) has already completed due diligence on RAD as part of the binding LOI entered into in May. The company expects the transaction to close before August 10, 2017. The company’s CEO expects the merger to lead to a very successful partnership as they continue to pursue opportunities in the security industry.

RAD Growing Commitment List

RAD is specifically targeting the security industry with its array of monitoring solutions. The company is currently selling a robotic unit that is a fully autonomous unmanned ground vehicle. The signing of an agreement with a major utility in North America with over 5,000 employees has all but validated the unit.

“We are very happy to be deploying one of our autonomous security robots with this major utility. We are currently working with other large companies and distributors and we expect to enter into several other POC agreements with other large companies in the near future,” said Steve Reinharz, RAD CEO.

Robotic Assistance Devices has, to date, received commitments for 40 robots valued at about $4 million. The company expects the commitments to rise to about 60 by the end of the year, valued at about $6 million. The company has a sales pipeline of over 50 Fortune 500 companies and over 25 qualified dealers that it plans to leverage as it moves to market its solutions.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $OMVS and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Marc has a degree in economics and a MSc. in Finance. Marc worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

On The Move Systems Corp (OTCMKTS:OMVS) Closing In On Robotic Assistance Device

On The Move Systems Corp (OTCMKTS:OMVS)

On The Move Systems Corp (OTCMKTS:OMVS) was up by 17.5% in Thursday’s trading session after announcing the completion of due diligence on privately-held Robotic Assistance Device (RAD) ahead of a proposed merger. The transaction should be complete by August 10, 2017, as the company moves to file the required disclosures documents and financial statements.

OMVS-RAD Merger

On The Move Systems Corp (OTCMKTS:OMVS) will issue 3, 350,000 shares of its Series E Preferred Stock in exchange of RAD equity as part of the merger agreement. The company will also issue 2,450 shares of Series F Stock. The Company has also agreed to retain the current CEO and Director Garett Parsons.

Robotic Assistance Device specializes in artificial intelligence and robotic solutions. The company’s solutions are currently being used in the security industry for operations and monitoring purposes. RAD’s robotic unit is fully autonomous and designed to perform 80% of all tasks that security guards perform but at almost half the cost.

In addition to targeting the security industry, RAD plans to deploy its robots to end users having already received commitments for 15 robots worth $1.5 million. The company’s sales pipeline currently boasts of over 50 fortune 500 companies in addition to 25 dealers and distributors.

“We are looking forward to completing the acquisition with On The Move Systems Corp (OTCMKTS:OMVS). We are confident that the combined teams of RAD and OMVS will lead to a very fruitful and successful partnership,” said Steve Reinharz President and CEO.

Sales Push

On The Move Systems Corp (OTCMKTS:OMVS) continues to expand its footprint having recently signed an agreement for a paid proof-of-concept with a major North American Utility. The proof-of-concept, scheduled to last for 20 days, requires RAD to deploy a robot at the utility.

The proof-of-concept could lead to additional orders should the firm feel satisfied by the robot’s capabilities. This builds on a similar agreement with a major green utility that requires the company to deploy one of its robots for 90 days

Robotic Advance Systems is currently in discussion with a major distribution partner as it looks to strengthen its sales channel in North America. The distribution partner currently manages tens of thousands of security guards and clients. Based on the way talks are going, the company remains confident of signing an agreement in approximately 30 days.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $OMVS and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

On The Move Systems Corp (OTCMKTS:OMVS) Explodes On RAD Distribution Deal

On The Move Systems Corp (OTCMKTS:OMVS)

On The Move Systems Corp (OTCMKTS:OMVS) acquisition target, Robotic Assistance Device (RAD), is in discussion with a major distribution partner as it continues to pursue new marketing opportunities for its products. The agreement builds on $1 million worth of rental contract commitments that the company recently signed.

RAD Distribution Deal

On The Move Systems Corp (OTCMKTS:OMVS) is remaining silent on the name of the incoming distribution partner even as it insists the deal should close over the course of the next 30 days. In addition to pursuing distribution deals, RAD is in the process of signing up new clients as it looks to strengthen its sales pipeline that encompasses over fifty Fortune 500 companies

“We believe that the versatility of your security robots, particularly the all-terrain capability and advanced electronics allowing integration into our client’s existing security systems, allows us to offer supplemental security services that will significantly benefit our customers. Our intention is to support and team with you to offer your security robots along with our human guards through our network of locations to our existing customer base,” the distribution partner in a statement.

OMVS Diversification Drive

On The Move Systems Corp (OTCMKTS:OMVS) is in the process of completing the acquisition of the robotics company, having signed a binding Letter of Intent. The acquisition comes at a time when artificial intelligence tools are in high demand for security and monitoring needs. RAD is a big player in the space.

“This acquisition is expected to generate significant value for OMVS. RAD has tremendous growth opportunity, has a growing backlog of over one million dollars in orders and has garnered significant interest among the Fortune 500 community, “said OMVS CEO, Garett Parsons.

The acquisition of RAD goes a long way to bolster On The Move Systems Corp (OTCMKTS:OMVS) business portfolio that has long focused on the development of cutting-edge technology. The company is currently marketing a new trucking software that it dubs the ‘UBER’ of the trucking industry.

The software is designed to unite various business applications, logistics inventory and end-customers, making it easier for people to access freight carriers. On the Move System is marketing it as a tool that can quicken the delivery of goods while synchronizing freight supply operations.

On The Move Systems Corp (OTCMKTS:OMVS) Stock was up by 51.75% in Tuesday’s trading session ending the day at highs of $0.1 a share.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $OMVS and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading.