OneMove Technologies Inc.
TSX VENTURE : OM

OneMove Technologies Inc.

August 26, 2010 20:19 ET

OneMove™ Closes Previously Announced Non-brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 26, 2010) - OneMove Technologies Inc. ("OneMove" or the "Company") (TSX VENTURE:OM), the provider of a leading web-based real estate transaction platform, announced today that its previously announced non-brokered private placement was closed on August 25, 2010.

The Company is pleased to announce that the TSX Venture exchange has accepted for filing the documentation with respect to the Non-Brokered Private Placement announced on August 5, 2010. The Company will issue 3,100,000 units at a price of $0.10 per unit, for total proceeds of $310,000. Each unit consists of one common share and one common share purchase warrant, exercisable at a price of $0.15 per for two year period. The proceeds from the private placement will be used for general corporate purposes. 

The units issued through the private placement are subject to a four-month hold period from the date of closing, as per the policies of the TSX Venture Exchange and applicable securities legislation. 

About OneMove Technologies Inc.

OneMove Technologies Inc. (TSX VENTURE:OM) offers a leading real estate transaction platform. Through econveyance™, its proprietary web-based conveyancing software solution, OneMove™ simplifies and expedites the process of buying and selling real estate in British Columbia, Canada. Econveyance connects all participants in the property transfer process, offering a secure and efficient means of completing the transaction online. Additional information about OneMove can be found at www.onemovetech.com or www.sedar.com. Professional users site www.econveyance.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.

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.

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