What On The Move Systems Corp (OTCMKTS:OMVS) Has To Say On Shared Economy Business Model?

The shared economy is bringing immense benefits to many groups including the enterprises and consumers. It is also beneficial for the people seeking steady flexible employment. It is the reason why On The Move Systems Corp (OTCMKTS:OMVS) has been analyzing its workforce potential. The company is looking for prospective locations to support its online, on-demand courier services.

The management speaks

Robert Wilson, the Chief Executive of On the Move, said that they are seeking a location that boasts an ample workforce. It should be open to accept a flexible arrangement. The CEO said that the on-demand courier service they offer cannot be categorized under a typical 9-5 job. It is a profile that requires rapid mobility and quick adaptability, as the business requirements keeps on changing.

Mr. Wilson said that as of now, the urban regions with young populations appear quite promising. The people in this age group look for sources to earn extra income. They are ready for a flexible arrangement and are willing to experiment with new forms of doing business.

 The report

As per the latest report, the Millennial generation reckons the shared economy concept to be extremely “hip and cool”. This generation is adapting quickly to the shared economy services and is also wants to become an active participant in the process. Young workers as well as consumers embrace the new technology and are ready to share the major elements of success in a shared economy venture.

On The Move Systems has found promising market prospect for an online shared economy courier services. A recent report disclosed that almost three out of four U.S. residents might use such a service in the coming two years.

OMVS

On The Move Systems Corp (OTCMKTS:OMVS) continued its sharp decline for the second consecutive session as it finished the last trading session with a big loss of 12%. The volume of 234,000 was more than double the daily average of 110,000, adding to the bearish sentiment. On the other hand, the stock had rallied from $0.25 to $4.76 in about 10 sessions, an appreciation of 1800%! So a sharp correction is but natural following this kind of rise. Now the bulls must contain the correction to $1.50, the upper range of the lower base, as shown on the chart.

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