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OPEN ROAD SHIPPING SIGNS ACQUISITION LETTER OF INTENT
OPEN ROAD SHIPPING SIGNS ACQUISITION LETTER OF INTENT.
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[{"type":"text","content":"\n\nv\\:* {behavior:url(#default#VML);}\no\\:* {behavior:url(#default#VML);}\nw\\:* {behavior:url(#default#VML);}\n.shape {behavior:url(#default#VML);}\n\n\n\n\n\nOpen\nRoad Shipping Signs Acquisition Letter of Intent \n\nLetter\nof Intent Initiates Discussions to Acquire a Shipping and Logistics Company\n\nBellevue, WA – March 16, 2017 – Open Road Shipping,\nInc. (OTC PINK:COWI) announced today that it had signed a Letter of Intent to\nacquire a privately held truck shipping and logistics company in upstate New\nYork.\n\n\n\nManufacturing\nand distribution companies today work with a multitude of brokers and shippers\nto deliver a wide range of industrial and consumer products to their customers.\nOpen Road Shipping has opened discussions to acquire a privately held shipping\nand logistics company that delivers industrial products domestically across the\nUnited States.\n\n\n\nIn\naddition, the privately held shipping and logistics company has developed\nproprietary web-based mobile application software that simplifies the selection\nof brokers and optimizes the cost of shipping of products domestically across\nthe United States.\n\n\n\n\"Mobile\napps that match truck drivers with shippers make it easier for shippers to find\ndrivers, much in the way Lyft or Uber connect riders and drivers,” said Lloyd\nSpencer, CEO of Open Road Shipping. \n“This mobile app will allow us to acquire additional transportation\ncompanies and have immediate impact on the value of their business and make a\ncombined company more efficient.\"\n\n\n\nThis\nproprietary web-based mobile application software helps address the challenges\nof a trucking industry that is highly fragmented, and can help Open Road\nShipping efficiently integrate acquired subsidiary shipping companies in the\nfuture that can collectively deliver excellent customer service.\n\n \n\nAbout Open Road Shipping, Inc.\n\n\n\nOpen\nRoad Shipping, Inc., formerly known as CoroWare, Inc., is focused on revolutionizing\nthe logistics and transportation industry with products and services based on\ndisruptive technologies such as mobile-based freight brokering and Industrial\nInternet of Things (IIoT) for freight tracking and monitoring. \n\n\n\nThe\ncompany's common stock trades under ticker symbol \"COWI\" on OTC\nMarkets. \n\n\n\nFor\nmore information, please visit www.o...