OneMove Technologies Inc.
TSX VENTURE : OM

OneMove Technologies Inc.

September 08, 2010 10:00 ET

OneMove Receives $351,000 as Shareholders Exercise 4,680,000 Share Purchase Warrants

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 8, 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 shareholders have exercised 4,680,000 share purchase warrants at a price of $0.075 per share for total proceeds of $351,000.

In August of 2009 the Company issued 5,260,000 units at a price of $0.05 per unit for total proceeds of $263,000 where each unit consisted of one common share and one common share purchase warrant, exercisable at a price of $0.075 per share for the first year and $0.10 for the two subsequent years. Subsequently, 4,680,000 of the 5,260,000 share purchase warrants were exercised prior to the exercise price increasing from $0.075 to $0.10 providing the Company with an infusion of $351,000 of working capital. This leaves a total remaining of 580,000 warrants from the August private placement exercisable at $0.10 per share for the next two years.

In addition to the proceeds from the exercise of the warrants the Company also completed a non-brokered private placement of $310,000 last month. This represents a combined total of $661,000 which provides sufficient working capital to accelerate the deployment of econveyance in Alberta this fall.

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 (http://www.econveyance.com/features) 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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