Another Revenue Record Following Production Release of econveyancePro™
Vancouver, BC, August 24, 2009 - OneMove Technologies Inc. (“OneMove” or the “Company”) (TSX-V: OM), a provider of a leading web-based real estate transaction platform, announced today the accomplishment of two milestones for the month of August: the highest daily revenue record on August 19th following the production release of its newest software econveyancePro on August 14th.
"The production release of econveyancePro comes well ahead of schedule", said Cathy Glatiotis, VP Product Management. "Extremely positive feedback from our beta testers has allowed us to accelerate its introduction and start moving our users to the much talked about new platform." A combination of a robust real estate market and new customers has seen the Company’s transactional volumes continue to grow for the past seven months with new records being set monthly. August was no exception with revenue of $12,485 on 413 transactions breaking the previous one day record of $11,656 set in July.
The Company is also pleased to announce that TSX Venture exchange has accepted for filing the documentation with respect to the first tranche of a Non-Brokered Private Placement announced on June 10, 2009. The Company will issue 5,260,000 units at a price of $0.05 per unit for total proceeds of $263,000. Each unit will consist of one common share and one common share purchase warrant, exercisable at a price of $0.075 per share for the first year and $0.10 for the two subsequent years. The proceeds from the private placement will be used for general corporate purposes. The balance of the offering is expected to close on or before September 30, 2009, subject to regulatory approval.
About OneMove Technologies Inc.
OneMove Technologies Inc. (TSX-V: OM) is a real estate transaction platform. Through econveyance™, a leading edge web-based conveyancing software solution, OneMove™ simplifies and expedites the process of buying and selling real estate in British Columbia, Canada. econveyance links all participants in the property transfer process, offering a secure and efficient means of seamlessly completing and monitoring the transaction online. Additional information about OneMove can be found at www.onemovetech.com or www.sedar.com.
Forward Looking Statements
This press release contains certain "forward looking statements." These statements relate to future events or future performance and reflect expectations and belief regarding growth, results of operations, performance, business prospects, opportunities or industry performance and trends. These forward looking statements reflect current internal projections, expectations or beliefs and are based on information currently available. A number of factors could cause actual events or results to differ materially from the results discussed in the forward looking statements. Although it is believed that the forward looking statements contained in this press release are based upon reasonable assumptions, investors cannot be assured that actual results will be consistent with these forward looking statements. These forward looking statements are made as of the date of this press release, and OneMove Technologies Inc. assumes no obligation to update or revise them to reflect new events or circumstances, except as required pursuant to applicable securities laws.
For further information contact:
Martin R. Johnson
President & CEO
604.662.8207 ext 116
martin.johnson@onemovetech.com
William Cawker
Corporate & Shareholder Services
604.662.8207 ext 114
william.cawker@onemovetech.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release