On The Move Systems Corp (OTCMKTS:OMVS) On A Bull Run

On the Move Systems Corp (OTCMKTS:OMVS) was featured by us for the first time in "On The Move Systems Corp Making Big Moves". The article was put out on May 8, 2017, when the share price was less than $0.05. We published it for several reasons. First of all, the volume was hitting record highs. Additionally, the company had announced conversations with Robotic Assistance Devices (“RAD”) for a potential strategic transaction that would bring valuable technology to the company. The company's growth potential seemed very large. The most recent share price moves confirmed that we were right. Thus, many of our subscribers have made phenomenal returns. Consequently, we believe that a new update is necessary. Have a look at chart, and note that the volume registered was more than 5 million shares. We will tell you reasons behind it in just a minute.SourceRecent DevelopmentsThe most relevant news put out after our article was the confirmation of the transaction with Robotic Assistance Devices (RAD - www.roboticassistancedevices.com). The two companies signed a binding agreement, thus we did good remarking the transaction when the conversations started. A binding agreement does not mean that the companies have merged, but there is a contract that says so. If one of the parties decides not to continue, most of the times it will have to pay the other company a considerable amount of money. Hence, we believe that the transaction should be completed. Given the valuable technology owned by RAD, we expect the market to push up the share price when the transaction closes. So, be alert. Garett Parsons, President, and CEO of OMVS, said the following about this news:

"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. 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." Source

Another interesting news item was put out on May 17, 2017. RAD had decided to appoint Matt Klock as Vice President of Sales for its U.S.-based operations. This new executive brings a "wealth of experience to his role with RAD, spanning client relationship development with a concentrated focus on customer satisfaction". The CEO of OMVS explained in the following words:

"We are very excited that RAD has brought on Mr. Klock as VP sales, RAD already has a tremendous pipeline of prospective new clients and Matt is perfectly positioned to significantly increase RAD's customer base." Source

In our opinion, the news is important not only because of the good experience of Mr. Klock, but because it seems that RAD is making changes in management. This means that the merger is evolving well. In addition, it was said that OMVS commenced its due diligence process on RAD as part of the binding LOI and it is anticipated that the acquisition will close before August 10, 2017.The most relevant news that we believed caused the jump in June 2017 were the following two. First of all this one, wherein the market got to know that RAD is in discussions with "a major distribution partner for the distribution of its autonomous robotic units in North America." It was noted that the new unknown partner manages tens of thousands of security guards, has thousands of clients and the agreement may be signed in approximately 30 days. Hence, the new contract will bring a lot of revenues to the company. Additionally, on June 2, 2017, it was put out that Allied Universal Services, the largest protection company in the United States, had recognized the usefulnesses of the robots developed by RAD. The following words of Mark McCourt, Vice President, Enterprise Security Systems, Allied Universal Services, were noted in a RAD's blog:

“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,” Source

Have a look at the explosion up the charts that these two developments created:SourceConclusionOMVS keeps sending very good messages to the market about the growth of the company. The transaction with RAD, the new transaction signed with this company, and the new executives appointed will bring tremendous growth in the second half of this year. Additionally, it seems that the good news about RAD had a good effect on the OMVS share price. This time we saw how the share price went from $0.03 to almost $0.11 as a result of the conversations of RAD with a new distributor, and the positive words about RAD by Mark McCourt, Vice President, Enterprise Security Systems in Allied Universal Services. To sum up, there is large amount of catalysts taking place, so we encourage subscribers to remain alert. We will be updating our subscribers as soon as we know more. For the latest updates on OMVS, sign up below!Disclosure: We have no position in OMVS and have not been compensated for this article.