OMVS Signs Preliminary Agreement to Form Oilfield Trucking Company
On the Move Systems Corp. (OTCBB: OMVS) has announced that the company signed a letter of intent to partner with a Texas-based provider of specialty freight and shipping services to create a new oilfield trucking company.
The agreement with Round-Up Transports, LLC, gives OMVS an exclusive option period to conduct due diligence toward a potential joint venture.
The market dynamics are compelling.
New drilling technologies have led to a boom in energy exploration and production in the United States, and in Texas, in particular, where shale formations in the Permian Basin and elsewhere have made the state a world leader in hydrocarbon recovery.
OMVS is working to capitalize on that economic growth and is partnering with Round-Up due to its extensive experience and contacts in Texas’ transportation industry.
Category: General Update
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