OneMove Technologies Inc.

OneMove Technologies Inc.

May 20, 2010 10:24 ET

OneMove Achieves New Daily Revenue Record

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 20, 2010) - OneMove Technologies Inc. ("OneMove" or the "Company") (TSX VENTURE:OM), a provider of a leading web-based real estate transaction platform, announced today it has achieved a new daily revenue record of over $12,600.

The previous daily revenue record was set in August of 2009 at $12,484. Daily average revenue for May which is currently tracking at $9800 is 40% higher than the same period a year ago and 10% higher than the previous record breaking month in August. The Company has seen growth in its member firms from 335 last summer to over 380 firms making the econveyance community the largest and fastest growing network of conveyancing professionals of its kind.

The monthly MLS® real estate sales reported by the British Columbia Real Estate Board are a leading indicator for OneMove transactional volume. The reported trend in residential sales typically results in the required conveyance work being completed by the lawyer or notary offices 4 to 8 weeks later. Mr. Martin Johnson, President and CEO, stated, "We have been expecting higher revenues as the MLS® reported 8,385 residential units were sold in April which is 21% higher than April 2009. Each reported sale translates into two potential transactions to econveyance users; a sale side and a purchase side. Therefore, the 8,385 sales translate into 16,770 transactions and with OneMove earning approximately $30 per transaction this creates a monthly revenue opportunity of over $500,000." In addition to processing buy and sell sides of a transaction econveyance also allows its members to process refinance transactions.

Mr. Johnson went on to say, "Shareholders should recognize the untapped market potential still available in BC as the Company continues to expand its member network of firms as well as the additional growth potential of expanding into the neighbouring province of Alberta."

The Company expects to see growth in new membership firms using econveyance to accelerate as the impact of the proposed legislative change that requires the electronic submission of all land applications becomes a reality in BC.

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 or Professional users site

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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