On the Move Corporation Ends January with Three New Closings on South Florida Convenience Stores/Gas Stations
Boynton Beach, FL, February 02, 2016 --(PR.com)-- On the Move Corporation (“OTM”) announced today that it has closed on three convenience stores/gas stations in South Florida to add to the On the Move brand. These units, located in Jupiter, Wellington and Boynton Beach are in addition to the two units they opened in Royal Palm Beach, Florida this past December. This brings to On the Move a total of 5 new locations in the past 30 days with anticipated gross revenue estimated by management to reach $45,000,000 for 2016.
“With the closing of these convenience stores, we have put in place the necessary foundation to begin generating substantial revenue,” stated R. J. Reitano, Chairman and CEO of OTM. “The past 30 days have been exciting. We are fast on our way to add up to 50 units by the end of 2016.”
The newly acquired convenience stores, which were acquired from a related party, will undergo major improvements in the coming months and all will be rebranded and retrofitted under the On the Move name.
“Competitively, we need to strive to differentiate ourselves against Wawa and Racetrac,” added Reitano.
“I am excited to bring in these three locations to add to our growing presence in South Florida,” said Jay Seewald, President and COO of OTM. With these locations we intend to roll out our fresh food offerings through our exclusive partnership with Stewart’s. Now South Florida can enjoy a full menu of burgers, frankfurters, cheese-steaks, fries, Stewart’s Root Beer and unique flavored ice cream floats, shakes, cones and sundaes, 24/7.”
About On the Move Corporation
On the Move Corporation., is a publicly reporting company. It is engaged in the opening, acquisition and operation of convenience stores/gas stations under the On the Move brand. Its stores will have fresh food offerings under its own proprietary brand, as well as offer national chains such as Stewarts and Dunkin Donuts. The stores offer sandwiches; beverage and tobacco products; health and beauty aids; automotive products; and other nonfood items. In addition, the stores are involved in the retail sale of gasoline or gasohol on a self-service basis. On the Move intends, subject to the availability of financing, to acquire up to 50 convenience stores in 2016 and open 25 Stewart’s Express restaurants, most of which will be in the State of Florida. Each will be operated under the On the Move brand. In management’s opinion, the State of Florida offers one of the best opportunities for growth and expansion over the next 10 years. Currently the State of Florida consumes over 12 billion gallons of gas on an annual basis and grows by 1000 new residents each day. The principals of On the Move have owned and operated convenience stores in Florida for more than 20 years.
About Stewart’s All American Corp.
Established in 1924, Frank Stewart set out to create the world’s creamiest, best tasting root beer. Together with a chemist, blending 20 different extracts of roots, herbs, and berries, their special blend became an immediate hit! The first restaurant opened in Mansfield OH. Over the years, juicy hamburgers, frankfurters, tasty french fries with toppings, local specialties and desserts were added to the menu. Many franchises opened up, mostly as car-hops throughout the United States. Today current sites include full-service sit down restaurants, express kiosks and mobile concession trailers. No two Stewart’s Restaurants look exactly alike, but you can always expect to enjoy traditional American food and beverages with local fare at a “family-friendly” price. Today, Stewart’s is proud to stand as a unique & classic part of each community, just like the first roadside stand.
Forward-Looking Statements
Certain statements in this press release contain or may contain forward-looking statements that are subject to known and unknown risks, uncertainties and other factors which may cause On the Move Corporation's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. In addition, when used herein, the words “anticipate,” “estimate,” “intends,” “project” and similar expressions are intended to identify forward-looking statements. These forward-looking statements were based on various factors and were derived utilizing numerous assumptions and other factors that could cause our actual results to differ materially from those in the forward-looking statements. These factors include, but are not limited to, our ability to implement our business plan and generate revenues, economic and market conditions and fluctuations, government and industry regulation, competition, and other factors, all as set forth in prospectus dated November 6, 2015 as filed with the Securities and Exchange Commission, as well as our subsequent filings. All forward looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those in the forward looking statements, many of which are generally outside of the control of On the Move Corporation and are difficult to predict. On the Move Corporation has no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this press release.
“With the closing of these convenience stores, we have put in place the necessary foundation to begin generating substantial revenue,” stated R. J. Reitano, Chairman and CEO of OTM. “The past 30 days have been exciting. We are fast on our way to add up to 50 units by the end of 2016.”
The newly acquired convenience stores, which were acquired from a related party, will undergo major improvements in the coming months and all will be rebranded and retrofitted under the On the Move name.
“Competitively, we need to strive to differentiate ourselves against Wawa and Racetrac,” added Reitano.
“I am excited to bring in these three locations to add to our growing presence in South Florida,” said Jay Seewald, President and COO of OTM. With these locations we intend to roll out our fresh food offerings through our exclusive partnership with Stewart’s. Now South Florida can enjoy a full menu of burgers, frankfurters, cheese-steaks, fries, Stewart’s Root Beer and unique flavored ice cream floats, shakes, cones and sundaes, 24/7.”
About On the Move Corporation
On the Move Corporation., is a publicly reporting company. It is engaged in the opening, acquisition and operation of convenience stores/gas stations under the On the Move brand. Its stores will have fresh food offerings under its own proprietary brand, as well as offer national chains such as Stewarts and Dunkin Donuts. The stores offer sandwiches; beverage and tobacco products; health and beauty aids; automotive products; and other nonfood items. In addition, the stores are involved in the retail sale of gasoline or gasohol on a self-service basis. On the Move intends, subject to the availability of financing, to acquire up to 50 convenience stores in 2016 and open 25 Stewart’s Express restaurants, most of which will be in the State of Florida. Each will be operated under the On the Move brand. In management’s opinion, the State of Florida offers one of the best opportunities for growth and expansion over the next 10 years. Currently the State of Florida consumes over 12 billion gallons of gas on an annual basis and grows by 1000 new residents each day. The principals of On the Move have owned and operated convenience stores in Florida for more than 20 years.
About Stewart’s All American Corp.
Established in 1924, Frank Stewart set out to create the world’s creamiest, best tasting root beer. Together with a chemist, blending 20 different extracts of roots, herbs, and berries, their special blend became an immediate hit! The first restaurant opened in Mansfield OH. Over the years, juicy hamburgers, frankfurters, tasty french fries with toppings, local specialties and desserts were added to the menu. Many franchises opened up, mostly as car-hops throughout the United States. Today current sites include full-service sit down restaurants, express kiosks and mobile concession trailers. No two Stewart’s Restaurants look exactly alike, but you can always expect to enjoy traditional American food and beverages with local fare at a “family-friendly” price. Today, Stewart’s is proud to stand as a unique & classic part of each community, just like the first roadside stand.
Forward-Looking Statements
Certain statements in this press release contain or may contain forward-looking statements that are subject to known and unknown risks, uncertainties and other factors which may cause On the Move Corporation's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. In addition, when used herein, the words “anticipate,” “estimate,” “intends,” “project” and similar expressions are intended to identify forward-looking statements. These forward-looking statements were based on various factors and were derived utilizing numerous assumptions and other factors that could cause our actual results to differ materially from those in the forward-looking statements. These factors include, but are not limited to, our ability to implement our business plan and generate revenues, economic and market conditions and fluctuations, government and industry regulation, competition, and other factors, all as set forth in prospectus dated November 6, 2015 as filed with the Securities and Exchange Commission, as well as our subsequent filings. All forward looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those in the forward looking statements, many of which are generally outside of the control of On the Move Corporation and are difficult to predict. On the Move Corporation has no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this press release.
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On the Move Corporation
Russell Parker EVP
561-674-3473
onthemovecorp.com
Russell Parker EVP
561-674-3473
onthemovecorp.com
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