OneMove Technologies Inc.
TSX VENTURE : OM

OneMove Technologies Inc.

April 04, 2011 16:26 ET

OneMove™ Revenue Increases 33% for March

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 4, 2011) - OneMove Technologies Inc. ("OneMove" or the "Company") (TSX VENTURE:OM), which provides a leading web-based real estate transaction platform, announced today revenue for the month of March is up 33% from the month of February and is 10% greater that March of 2010.

Revenue for the month of March 2011 was $176,000, surpassing both February of 2011 at $132,000 and March of 2010 at $160,000. With average daily revenue of $7,600, the transactions totalled 5,900 in March up from 4,300 for the previous month. The prospect of continued revenue growth is promising for OneMove as the real estate market enters its traditional "busy season" with an additional 100 member firms from the same period a year ago.

Econveyance, the largest and fastest growing network of conveyancing professionals of its kind, continues to expand, increasing its membership to 475 firms representing 2,800 individual users. In addition to bringing on new users in British Columbia, the Company has expanded the network to include Alberta with the official production release of the platform in January 2011. 

The Company's most recent campaign has proven to be very successful in generating new referrals in Alberta and British Columbia and ensuring its newly expanded sales team will be kept busy in the coming months ahead.

A combination of member driven feedback and an agile development process has allowed the Company to stay ahead of any other competitive software providers operating in the same space. The cornerstone of the robust feature set is the mandate "enter it once use it everywhere". Members see the value of the invitation feature, a first of its kind in the conveyance industry, and how the efficiencies of entering data only once can be extended to the other participants in the transaction. "Econveyance members in both Alberta and British Columbia can look forward to an innovative new feature set this spring that will be a "differentiator" maintaining the leadership of the Company in the industry," stated Philip Chan Vice President of Research and Development.

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 Western Canada. 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 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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