OneMove Technologies Inc.
TSX VENTURE : OM

OneMove Technologies Inc.

May 05, 2010 09:01 ET

OneMove's April Revenue Up 33% Year Over Year With YTD Revenue Surpassing All of Fiscal 2009

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 5, 2010) - OneMove Technologies Inc. ("OneMove" or the "Company") (TSX VENTURE:OM), a provider of a leading web-based real estate transaction platform, announced revenues for April 2010 were over $173,000 compared to $130,000 which is a 33% increase compared to April of 2009. Daily average revenues for April 2010 also saw a sharp increase to $8,400 a day from $6,100 a year ago. The Company also announced that after ten months in the current fiscal year, revenues have surpassed total revenues earned for the entire fiscal 2009 year. Corresponding transactional volumes for the first ten months of the year were 55,219, compared to 50,560 for the previous 12 months.

In a bulletin dated April 21, 2010 the BC government announced a proposed amendment to the Land Title Act requiring the electronic submission of land title applications. This change supports the modernization of the delivery services provided by the Land Title and Survey Authority. "Growing user membership and increasing transactional volumes continue to be OneMove's top priorities," stated Martin Johnson, President and CEO. "We are very excited about the impact that required electronic submission of completed applications will have in driving new member adoption and the number of transactions we process," added Mr. Johnson.

The Company's dedicated support team, known as the "very helpful desk", has assisted hundreds of firms in making the transition to electronic filing resulting in member firms filing hundreds of thousands of completed submissions since the BC government first introduced the ability to submit documents electronically in 2004. "When new member firms join the user community, they quickly find out how simple the transition to electronic submission is via econveyance. Not only do they benefit from the fact that close to 400 firms in the Province are already sharing information on the only collaborative environment of its kind, but they also experience the industry's most advanced conveyance document preparation software" stated Cathy Glatiotis, VP Product Management. 

In April the Company released a completely redesigned product and community website (www.econveyance.com) which incorporates a modern look alongside new functionality and features. "We are extremely excited about our new community website and the productivity tools it provides our members," added Mr. Johnson. "In particular, we have added the only conveyance related job board designed for the entire conveyance community across Canada. It is always hard to find quality staff and with the next 6 months typically the busiest in the real estate cycle we have introduced a way in which firms looking for staff and prospective staff looking for firms can easily interact with each other."

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. 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 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.

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