Market for OMVS Mobile Apps Grows as New Tablets Hit Stores
TAMPA, Fla.--(BUSINESS WIRE)-- With powerful new lower-priced tablet computers set to hit stores soon, the market for downloadable mobile application software developed by companies including On the Move Systems Corp. (OTCBB:OMVS) could be set to explode.
Electronics makers have been scrambling to catch up ever since Apple released its breakthrough iPad product last year. Amazon appears poised to cut into Apple’s dominant market share when its new Kindle Fire tablet is released in November. The device has racked up more than 200,000 preorders since it was announced at the end of September, and market analysts predict that Amazon will sell 15 million units by 2013. Anticipation for the Kindle Fire is being driven by its $199 price tag, which is $300 cheaper than Apple’s least-expensive iPad 2. Tablet makers HTC and RIM responded to the Kindle Fire’s announcement by slashing prices on their own offerings.
If the Kindle Fire takes off as expected, it could spark a tablet price war that fuels the mass adoption of advanced tablet computers all over the world. Under such circumstances, the market for the downloadable mobile applications at the heart of tablet functionality would explode, as well.
“That’s exactly what we’re betting will happen,” said OMVS CEO Patrick Brown. “Just like PCs, flat-screen TVs and MP3 players before them, market competition will lower tablet prices dramatically, driving huge sales for these in-demand products.
“A massive global market is currently developing for the mobile apps that OMVS has planned,” he added.
OMVS created a new division to develop cutting-edge technology innovations in wireless tablets, smartphones and mobile applications earlier this month. For more information on OMVS’ mobile electronics initiative and other projects, please visit www.onthemovesystems.com/investor-relations. More information on OMVS’ solar division can be found at www.omvssolar.com/investors.
OMVS extends its sincere condolences to the family and friends of Apple’s electronics innovator Steve Jobs. His vision will be missed.
About On the Move Systems, Inc.
On the Move Systems, Inc. (OTCBB:OMVS) is focused on the development of cutting-edge technology across a broad spectrum of industries. The company is currently exploring exciting new opportunities in the solar energy, clean technology, and mobile communications technology sectors. For more information, please visit our website at www.onthemovesystems.com.
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information 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, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
CONTACT:
On the Move Systems, Inc.
Patrick Brown, 813-367-9511
President and CEO
info@onthemovesystems.com
KEYWORDS: United States North America Florida
INDUSTRY KEYWORDS: Technology Consumer Electronics Software Mobile/Wireless
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