Henderson, Nevada, (Newsfile Corp via COMTEX) —
On the Move Systems (otc pink:OMVS) is pleased to announce that it has entered into a binding letter of intent with Robotic Assistance Devices (RAD – www.roboticassistancedevices.com) to acquire 100% of RAD. According to the binding LOI, RAD and OMVS will enter into a definitive agreement within the next 90 days to consummate the acquisition.
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.
Garett Parsons, President and CEO of OMVS