AITX Artificial Intelligence Technology Solutions Inc.
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On The Move Systems Corp. ($OMVS)
Website: http://roboticassistancedevices.com/
Phone: 702-990-3271
Email: info@roboticsassistancedevices
September 18, 2017
OMVS - On The Move Systems
"Much like Uber, Airbnb & Alibaba, Robotic Assistance Devices will prove to be an industry disruptive innovator."
OMVS has 97,087,887 Shares Outstanding
Currently trading at .07 per share
This equates to a very small $6.8M Market Cap
OMVS's first acquisition is Robotic Assistance Devices (RAD), developer of all terrain robotic security guards that are in high demand. Through August 21, 2017, RAD has announced 62 security robots under contract which equates to roughly $6M in annual contracted revenue and that's just scratching the surface...
OMVS has acquired 100% Ownership of RAD, a company that has projected an 8M EBITDA for 2018 and is partnered with 85B Company NVIDIA and now 189B Company Verizon! Romeo Power Tech, Confirmed as of June 02, the deal is with 4.8B Company Allied Universal!!! The largest Security Guard Company in the United States!!, more yet to be released...
"The AI Software segment will grow from $1.4 billion in 2016 to $59.8 billion by 2025."
RAD has projected an 8M EBITDA for 2018.
Garett Parsons, CEO of On The Move Systems (OMVS) stated in a press release from April 20th that the company was in advanced discussions with RAD for a potential strategic transaction. In a subsequent press release dated April 25th, Mr. Parsons communicated that the company had already generated 1M in rental revenue contracts and that the company is projected to reach 8M EBITDA for the year 2018. Based on comments and information referenced from PRs and the RAD company website, it looks as though approximately 60 security units over the course of a year equates to 1M in revenue, 600 units would therefore be 10M in revenue and around 2600 - 3300 units in service across the markeplace would be the approximate number required to meet the 8M EBITDA projection. The company just started aggressively contracting this year, so the initial 1M was realized somewhere in the first 60-90 days! Multiple trade show events have taken place recently and RAD has plans to grow the business exponentially throughout Canada and the US. The liklihood of the company pulling this off are favorable as they've stated multiple times, "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."
Background of Mr. Garett Parsons: With over 10 year of financial consulting for both private and public equity markets, Mr. Parsons has much experience in the field of asset valuation, funding structures and public release document generation. His education includes a Bachelor of Arts in Political Science/Economics from California State University, Sacremento, and Associate of Arts in Liberal Studies/Business from San Joaquin Delta College and West Hills College, Stockton/Coalinga Ca.
Steve Reinharz is the Founder and CEO of Robotic Assistance Devices (RAD), where he oversees the development, sales and marketing, and strategic vision for the company. Reinharz has more than 20 years of experience in various facets of the high-tech industry — as the founder of security integration firm Security Zone, Inc., and a strategic leader at global enterprises. Reinharz has extensive knowledge of a diverse portfolio of technologies, developing practical, effective solutions for end-user customers. As CEO of RAD, Reinharz leverages his extensive knowledge and interest in robotics and artificial intelligence to design and develop robotic solutions that increase business efficiency and deliver cost savings. Reinharz is a native of Toronto, Ontario, Canada, and attended the University of Western Ontario, where he earned dual bachelor of science degrees in political science and commercial studies.
Follow him on Twitter: @SteveReinharz
http://roboticassistancedevices.com/guarding-...th-robots/
$OMVS 11.19.17 Quick Update
$OMVS VERIZON ARTICLE on RAD! 12.20.2017
Behind the scenes:Verizon’s ongoing support of public safety in the Golden State
http://www.verizon.com/about/news/behind-scen...lden-state
Q FORTHCOMING!
Website: http://roboticassistancedevices.com/
Phone: 702-990-3271
Email: info@roboticsassistancedevices
September 18, 2017
OMVS - On The Move Systems
"Much like Uber, Airbnb & Alibaba, Robotic Assistance Devices will prove to be an industry disruptive innovator."
OMVS has 97,087,887 Shares Outstanding
Currently trading at .07 per share
This equates to a very small $6.8M Market Cap
OMVS's first acquisition is Robotic Assistance Devices (RAD), developer of all terrain robotic security guards that are in high demand. Through August 21, 2017, RAD has announced 62 security robots under contract which equates to roughly $6M in annual contracted revenue and that's just scratching the surface...
OMVS has acquired 100% Ownership of RAD, a company that has projected an 8M EBITDA for 2018 and is partnered with 85B Company NVIDIA and now 189B Company Verizon! Romeo Power Tech, Confirmed as of June 02, the deal is with 4.8B Company Allied Universal!!! The largest Security Guard Company in the United States!!, more yet to be released...
"The AI Software segment will grow from $1.4 billion in 2016 to $59.8 billion by 2025."
RAD has projected an 8M EBITDA for 2018.
Garett Parsons, CEO of On The Move Systems (OMVS) stated in a press release from April 20th that the company was in advanced discussions with RAD for a potential strategic transaction. In a subsequent press release dated April 25th, Mr. Parsons communicated that the company had already generated 1M in rental revenue contracts and that the company is projected to reach 8M EBITDA for the year 2018. Based on comments and information referenced from PRs and the RAD company website, it looks as though approximately 60 security units over the course of a year equates to 1M in revenue, 600 units would therefore be 10M in revenue and around 2600 - 3300 units in service across the markeplace would be the approximate number required to meet the 8M EBITDA projection. The company just started aggressively contracting this year, so the initial 1M was realized somewhere in the first 60-90 days! Multiple trade show events have taken place recently and RAD has plans to grow the business exponentially throughout Canada and the US. The liklihood of the company pulling this off are favorable as they've stated multiple times, "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."
Background of Mr. Garett Parsons: With over 10 year of financial consulting for both private and public equity markets, Mr. Parsons has much experience in the field of asset valuation, funding structures and public release document generation. His education includes a Bachelor of Arts in Political Science/Economics from California State University, Sacremento, and Associate of Arts in Liberal Studies/Business from San Joaquin Delta College and West Hills College, Stockton/Coalinga Ca.
Steve Reinharz is the Founder and CEO of Robotic Assistance Devices (RAD), where he oversees the development, sales and marketing, and strategic vision for the company. Reinharz has more than 20 years of experience in various facets of the high-tech industry — as the founder of security integration firm Security Zone, Inc., and a strategic leader at global enterprises. Reinharz has extensive knowledge of a diverse portfolio of technologies, developing practical, effective solutions for end-user customers. As CEO of RAD, Reinharz leverages his extensive knowledge and interest in robotics and artificial intelligence to design and develop robotic solutions that increase business efficiency and deliver cost savings. Reinharz is a native of Toronto, Ontario, Canada, and attended the University of Western Ontario, where he earned dual bachelor of science degrees in political science and commercial studies.
Follow him on Twitter: @SteveReinharz
http://roboticassistancedevices.com/guarding-...th-robots/
$OMVS 11.19.17 Quick Update
$OMVS VERIZON ARTICLE on RAD! 12.20.2017
Behind the scenes:Verizon’s ongoing support of public safety in the Golden State
http://www.verizon.com/about/news/behind-scen...lden-state
Q FORTHCOMING!
AITX Stock Quote & Tools
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