COWI SIGNS ACQUISITION LETTER OF INTENT: http://ww
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Posted On: 03/16/2017 3:39:03 PM
COWI SIGNS ACQUISITION LETTER OF INTENT: http://www.otcmarkets.com/stock/COWI/news?id=153466
OPEN ROAD SHIPPING SIGNS ACQUISITION LETTER OF INTENT
Mar 15, 2017
OTC Disclosure & News Service
Bellevue, WA -
OPEN ROAD SHIPPING SIGNS ACQUISITION LETTER OF INTENT
Letter of Intent Initiates Discussions to Acquire a Shipping and Logistics Company
Bellevue, WA â March 16, 2017 â Open Road Shipping, Inc. (OTC PINK:COWI) announced today that it had signed a Letter of Intent to acquire a privately held truck shipping and logistics company in upstate New York.
Manufacturing and distribution companies today work with a multitude of brokers and shippers to deliver a wide range of industrial and consumer products to their customers. Open Road Shipping has opened discussions to acquire a privately held shipping and logistics company that delivers industrial products domestically across the United States.
In addition, the privately held shipping and logistics company has developed proprietary web-based mobile application software that simplifies the selection of brokers and optimizes the cost of shipping of products domestically across the United States.
"Mobile apps that match truck drivers with shippers make it easier for shippers to find drivers, much in the way Lyft or Uber connect riders and drivers,â said Lloyd Spencer, CEO of Open Road Shipping. âThis mobile app will allow us to acquire additional transportation companies and have immediate impact on the value of their business and make a combined company more efficient."
This proprietary web-based mobile application software helps address the challenges of a trucking industry that is highly fragmented, and can help Open Road Shipping efficiently integrate acquired subsidiary shipping companies in the future that can collectively deliver excellent customer service.
About Open Road Shipping, Inc.
Open Road Shipping, Inc., formerly known as CoroWare, Inc., is focused on revolutionizing the logistics and transportation industry with products and services based on disruptive technologies such as mobile-based freight brokering and Industrial Internet of Things (IIoT) for freight tracking and monitoring.
The company's common stock trades under ticker symbol "COWI" on OTC Markets.
For more information, please visit www.openroadshipping.com
Forward-Looking Statement
This press release may contain certain forward-looking statements 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. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include among others, the inherent uncertainties associated with smaller reporting companies, including without limitation, other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
Open Road Shipping Investor Relations
(800) 641-2676, option 3
investor@openroadshipping.com
Copyright © 2017 OTC Markets. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
OPEN ROAD SHIPPING SIGNS ACQUISITION LETTER OF INTENT
Mar 15, 2017
OTC Disclosure & News Service
Bellevue, WA -
OPEN ROAD SHIPPING SIGNS ACQUISITION LETTER OF INTENT
Letter of Intent Initiates Discussions to Acquire a Shipping and Logistics Company
Bellevue, WA â March 16, 2017 â Open Road Shipping, Inc. (OTC PINK:COWI) announced today that it had signed a Letter of Intent to acquire a privately held truck shipping and logistics company in upstate New York.
Manufacturing and distribution companies today work with a multitude of brokers and shippers to deliver a wide range of industrial and consumer products to their customers. Open Road Shipping has opened discussions to acquire a privately held shipping and logistics company that delivers industrial products domestically across the United States.
In addition, the privately held shipping and logistics company has developed proprietary web-based mobile application software that simplifies the selection of brokers and optimizes the cost of shipping of products domestically across the United States.
"Mobile apps that match truck drivers with shippers make it easier for shippers to find drivers, much in the way Lyft or Uber connect riders and drivers,â said Lloyd Spencer, CEO of Open Road Shipping. âThis mobile app will allow us to acquire additional transportation companies and have immediate impact on the value of their business and make a combined company more efficient."
This proprietary web-based mobile application software helps address the challenges of a trucking industry that is highly fragmented, and can help Open Road Shipping efficiently integrate acquired subsidiary shipping companies in the future that can collectively deliver excellent customer service.
About Open Road Shipping, Inc.
Open Road Shipping, Inc., formerly known as CoroWare, Inc., is focused on revolutionizing the logistics and transportation industry with products and services based on disruptive technologies such as mobile-based freight brokering and Industrial Internet of Things (IIoT) for freight tracking and monitoring.
The company's common stock trades under ticker symbol "COWI" on OTC Markets.
For more information, please visit www.openroadshipping.com
Forward-Looking Statement
This press release may contain certain forward-looking statements 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. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include among others, the inherent uncertainties associated with smaller reporting companies, including without limitation, other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
Open Road Shipping Investor Relations
(800) 641-2676, option 3
investor@openroadshipping.com
Copyright © 2017 OTC Markets. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
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There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
As used herein, the terms "You" and "Your" shall mean you, individually, the reader, and each other party on whose behalf you may use the contained information at any time.
All references to "My", "I", and “The writer of the above post” shall refer to the creator.
Do NOT invest unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.
There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. I assume no responsibility for your trading and investment results. You should NOT rely on the information in the above post to make any decision or take any action.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are OPINION and NOT fact and are for entertainment purposes only. Do your own research and make your own decisions based on your own conclusions.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are NOT advice. It is your responsibility to seek investment advice during all stages of your investments. It is your responsibility to evaluate the accuracy, completeness and usefulness of the information in all and any posts.
My posts are NOT investment advice. I am not paid to post.
The writer of the above post shall NOT accept any liability for the accuracy or completeness of the information contained in the above post, for any reliance placed by any person on the information contained in the above post, or for any damage or loss, however caused, in connection with the use or reliance on any information contained in the above post.
The above post may contain links to websites owned and operated by third parties.
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