OneMove Technologies Inc.

OneMove Technologies Inc.

December 17, 2012 07:00 ET

OneMove™ Receives Letter Stating Wish to Make Formal Offer

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 17, 2012) - OneMove Technologies Inc. ("OneMove" or the "Company") (TSX VENTURE:OM), the provider of the leading web-based real estate transaction platform and the creator of the largest and fastest growing online community of conveyancing professionals, reports that it received a letter (the "Letter") from Plantro Ltd. ("Plantro"), an investment company owned by Matthew Proud ("Proud"), Chairman of the Board of Directors of the Company after close of market on December 14, 2012. The Letter advises that Plantro, through an affiliate (0955662 BC Ltd.), wishes to make a formal cash offer for all of the outstanding shares of OneMove not owned by Plantro or its affiliate. The Letter further requests that OneMove confirm in writing on or before 5:00 p.m. (EST) on December 17, 2012 that it will negotiate exclusively with Plantro with a view to entering into a support agreement to announce the material terms of a transaction by December 20, 2012.

The Company has scheduled a Board meeting to be held Monday morning on December 17, 2012 to consider the Letter, and the Company will provide an update by way of news release following the Board meeting. In the meantime, the Company encourages its shareholders not to act precipitously until further information is forthcoming as no formal offer has been received by the Company and there can be no assurance that an offer will ultimately be made.

About OneMove Technologies Inc.

OneMove Technologies Inc. (TSX VENTURE:OM) is the leading provider of web-based real estate transaction platforms and the creator of the largest and fastest growing online community of conveyancing professionals. Through econveyance™, its proprietary web-based conveyancing software solution, OneMove™ simplifies and expedites the process of buying and selling real estate. Econveyance 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 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.

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.

Contact Information