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Momentum & Growth

On The Move Systems Corp (OTCMKTS:OMVS) Set To Make New Highs

On the Move Systems Corp (OTCMKTS:OMVS) keeps creeping up. We commenced covering the stock on May 8, 2017, and made another call on June 7, 2017. We cannot really explain it, but after our articles were put out, the share price seemed to increase:

In July, another share price spike occurred. Have a look at the most recent price action:


What’s going on?

As we noted from the very beginning, OMVS is about to merge with RAD Robotic Assistance Devices (, which develops all terrain robotic security guards. The following is a text from one of our previous articles. It helps in comprehending the products that RAD develops:

According to its website, Robotic Assistance Devices is an artificial intelligence company and robotic solutions provider. The company is intended to provide robots to streamline operations by improving the patrolling and guard services so that client’s personnel can focus on other more strategic tasks. How does RAD offer this service? By its fully autonomous robotic guard. The product is called S5 Robotic Guard.Source


Recent Developments – The merger is expected to close on or before August 10, 2017

What excited the market was the business combinations between the two groups. Thus, we will focus on it and the business activity of RAD. On July 6, 2017, it made the most significant announcement regarding the merger. The company noted that its due diligence of RAD had been completed. Most importantly, in the press release, the market got to know that OMVS expects to complete the acquisition of RAD by August 10, 2017. In our opinion, these two facts were the reasons of the market to push up the share price. Have a look at the share price move after July 6, 2017, and also note the volume:


Is this a catalyst?

Yes, the companies will close the merger in August, thus the whole market will be watching the news of the company. The rationale is: “if the due diligence created such a share price move, the amount of volatility created when the merger successfully closes will be larger.”

Additionally, it was communicated that RAD expects to deploy robots to end users this month. 15 robots for total contract values of approximately $1.5 million will be finished. Finally, it reminded the following:

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

This photo, which we found on iHub, shows the type of clients that RAD serves.


In addition, on July 13, 2017, it was put out that RAD had been contacted by customers, who asked for 15 more robots. The total amount of robot reservations is valued at $3 million. Steve Reinharz, President, and CEO of RAD, also stated that the goal is to reach 60 reservations by the end of the summer.

In another press releases put out on June 22, 2017, it was noted that RAD had entered into an agreement “for a paid proof of concept (POC) with a major North American utility with over 5,000 employees.” The service that RAD will provide was explained with the following words:

RAD will deploy a robot at the utility during the month of July. The POC is scheduled to last 20 days after which, if satisfied, the utility is expected to place orders with RAD for robots.Source

Steve Reinharz, President, and CEO of RAD, noted the interest of utilities in the past:

We are currently working with several utilities that have demonstrated strong interest to undergo POCs, and we expect to enter into several other POC agreements with other utilities in the near future.Source

Another agreement with a “major green energy utility with over 50,000 employees worldwide” was also disclosed. These new contracts are very good proof that shows the growth of the company. They will help increase the revenue line of RAD in the near future.


Once again we note the good returns that OMVS is providing. The merger with RAD seems to be one of the best corporate moves that OMVS has executed in many years. This time, the market became excited, because the companies completed the due diligence process included in the merger contract.

Additionally, we received new information about the closing. It may close in August, which is a good news. Finally, we assessed several announcements made by RAD, wherein new robot reservations were included. The company is growing and OMVS will grow as well if the acquisition closes. To sum up, the market will be following the closing of the merger. We will do so and keep our subscribers posted.

We will be updating our subscribers as soon as we know more. For the latest updates on OMVS, sign up below!

Image courtesy of Helene Baudart via Flickr

Disclosure: We have no position in OMVS and have not been compensated for this article.

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On The Move Systems Corp (OTCMKTS:OMVS) Set To Make New Highs
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