OneMove Technologies Inc.
TSX VENTURE : OM

OneMove Technologies Inc.

October 07, 2009 18:52 ET

OneMove Records Best Quarter Ever With Revenue of $571,000

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 7, 2009) - OneMove Technologies Inc. ("OneMove" or the "Company") (TSX VENTURE:OM), a provider of a leading web-based real estate transaction platform and the creator of the largest network of conveyancing professionals in British Columbia, announced today that revenue for the first quarter, fiscal 2010, was the highest ever recorded. It also reports that after a year of planning, development and quality assurance testing, econveyance was retired on October 4, 2009 with all users now migrated to the completely rewritten and newly released software platform, econveyancePro.

Total revenue for September was $179,732 which was $40,923 or 29% higher than September of 2008. Total revenue for the first quarter of 2010 was $571,238 which was $83,454 or 17% higher than the previous quarter of $487,784 and $127,224 or 29% higher than the first quarter of fiscal 2009. 

"The change in our software platform represents a dramatic shift in the technology from what the company pioneered 5 years ago to what we believe will propel future expansion and growth for the next 5 years," states Parminder Virk, CTO.

"The transition has been an enormous undertaking that involved every department and employee of the Company for the past year. Training and moving over 340 firms during record sale periods, while continuing to bring new users to econveyancePro, proves that OneMove is capable of continued growth," states Martin Johnson, President and CEO. "The Company no longer has to support and maintain two parallel systems and can now refocus its attention on recruiting new clients with the new fall marketing campaign coined 'The 60 Day Pro Challenge'. The Company is so confident of winning over new users that after 60 days of using the system if a firm doesn't believe that econveyancePro allows them to process their conveyance files in the fastest and most efficient manner, the Company will reimburse all associated charges in full."

"Since the BC real estate industry has seen dramatic growth over the past six months, our objective is to mitigate historical seasonality fluctuations through an expansion in our user base and share of the overall market," concluded Martin Johnson.

About OneMove Technologies Inc.
OneMove Technologies Inc. (TSX VENTURE:OM) offers a leading real estate transaction platform. Through econveyancePro™, its proprietary web-based conveyancing software solution, OneMove™ simplifies and expedites the process of buying and selling real estate in British Columbia, Canada. EconveyancePro links all participants in the property transfer process, offering a secure and efficient means of seamlessly 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 Statement
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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