OneMove Technologies Inc.

OneMove Technologies Inc.

May 07, 2009 09:00 ET

OneMove™ Achieves Break-Even Milestone in April

BC real estate market continues to show signs of recovery

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 7, 2009) - OneMove Technologies Inc. ("OneMove" or the "Company") (TSX VENTURE:OM), which provides a leading web-based real estate transaction platform, announced today that it has achieved a significant milestone in its seven year history with the month of April revenues exceeding expenses. The Company recently took dramatic steps to reduce expenses while continuing efforts to increase market share in British Columbia. These steps included the launch of its own dedicated web-portal for econveyance™, expected to generate an estimated $400,000 over the next 12 months and an aggressive customer referral campaign which has resulted in over 60 demonstrations and 31 new firms since January.

"The combination of substantial expense reductions, increasing market share and the rebounding real estate market in British Columbia has allowed us to finally achieve this significant milestone," said Martin Johnson, President and CEO, OneMove. "The front page of the business section of the Vancouver Sun (Tuesday May 5, 2009 edition) reported that real estate sales continue to improve province wide. We are optimistic that the improving real estate market, together with a 45% increase in the number of firms using our software, from 229 a year ago to 332 today, will continue to have a major effect on our future revenues."

April unit sales reported by the Greater Vancouver Real Estate Board were up 31% compared with March sales, however, still lagged 8% when compared to the same month one year ago. Despite the fact that volumes have not returned to the peak levels of last spring, daily average revenues for the Company are 1% higher April over April at approximately $6,114 a day. OneMove experienced its highest volumes and revenues May through August of last year peaking at an average of $7,310 a day in June prior to the economy slowing.

In September of 2008 the company increased prices by approximately 15% and has continued to expand the number of firms using its software adding over 100 firms since last spring. Viral growth of the Company's client base continues as the network of users referred over 60 firms for demonstrations during the most recent referral campaign which has resulted in 31 new customers to date.

"We believe that OneMove, having established itself as the largest network of real estate conveyancing professionals in British Columbia, is well positioned for continued growth and future profitability."

About OneMove Technologies Inc.

OneMove Technologies Inc. (TSX VENTURE: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 or

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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