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On the Move Corporation
Signs Exclusive
12 Year Development Deal
with Iconic Restaurant Brand Stewart’s
to Bring 250 Locations
to the State of Florida & Georgia
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Boynton
Beach, FL – December 2015 / Newsmaker Alert / On
the Move Corporation (“OTM”) and Stewart’s
All American Corp announced the signing of an exclusive development
agreement. The 12 year agreement calls for the development of 250 Stewart’s
locations exclusive to On the Move convenience stores, throughout the States
of Florida and Georgia to compete with Wawa, RaceTrac and QuikTrip.
“We
couldn’t be more excited to bring an iconic brand like Stewart’s, with
its rich history to compete with Wawa, RaceTrac and other convenience store
chains. We expect that Stewart’s history and following from the Northeast
U.S. will contribute to our rapid expansion plans for the states of Florida
and Georgia throughout 2016.” said R. J. Reitano, Chairman and CEO of OTM.
OTM’s
plans are to include a Stewart’s in as many On the Move Convenience stores
as possible. Customers will 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. Management has identified five
locations in the South Florida market to begin the process along with 50
additional acquisition targets throughout the State of Florida.
“I
am extremely impressed with the vast knowledge that the principals of On
the Move have in the convenience store markets in Florida and Georgia.
I am even more excited about the synergies we can put in place to grow
Stewart’s and On the Move moving forward in unique ways.” said Jim LaGanke,
President of Stewart’s All American Corp. “We have great opportunities
in growing the Stewart’s franchise brand in the Northeast and now we have
the perfect relationship with On the Move to expand with 250 more locations
in the Southeast.”
“We
believe it’s a brand differentiator from Speedway, Dailey’s and stopping
at a 7-11. There is no doubt in my mind that Jim and his team at Stewart’s
have the expertise to develop something special at On the Move everyday.
This will also gives our customers an alternative to the dominant fast
food chains such as Subway, Burger King and McDonalds with a higher quality
product competitively priced. We expect that our customers are going to
enjoy this delicious menu no matter what time of day or night they visit
us.” added Reitano.
Along
with Stewart’s Express restaurants going in the to be developed On the
Move convenience stores, On the Move, will also develop stand alone units,
separate from it’s convenience stores, such as Sheetz, and bring the truly
all-America menu to malls, airports and universities throughout Florida
and Georgia.
About
On the Move Corporation
On
the Move Corporation., is a publicly reporting company. Founded and incorporated
in Nevada in 2014 to engage in the acquisition of convenience stores 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,
Dunkin Donuts, sandwiches; beverage and tobacco products; health and beauty
aids; automotive products; and other nonfood items. In addition, it will
be 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 managements 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, Ohio. 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. www.stewartsallamerican.com
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.
Contact:
Russell
Parker
EVP/DIR
On
the Move Corporation
561-674-3473
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