OM's March Revenues up 60% Year over Year
* Reuters is not responsible for the content in this press release.
VANCOUVER, BRITISH COLUMBIA, Apr 06 (MARKET WIRE) --
OneMove Technologies Inc. ("OneMove" or the "Company") (TSX VENTURE: OM),
a provider of a leading web-based real estate transaction platform,
announced revenues for March 2010 at over $168,000 which is a 60%
increase compared to March of 2009. The Company also announced a new
record of 14 new firms joining its province-wide network during March.
The Company's econveyance platform, with current membership at over 380
firms, represents the largest and fastest growing community of
conveyancing professionals of its kind. Strong growth in membership
continued this quarter driving transactional volume to 5480 transactions
in March 2010 compared to only 3640 in March 2009. The corresponding
daily average revenues also increased to $7,100 a day from $4,700 a year
ago.
"In the past 3 months we have seen a sharp increase in new membership
growth compared to the historical rate" stated Martin Johnson, President
and CEO. "Now, with over 2200 individual users registered within the 380
member firms, we see the noticeable viral impact they have in referring
non-users to join the network." The Company has added 26 new firms since
January with a record breaking 14 firms joining in March alone. "We are
pleased with the continued expansion of our user base and the effect it
should have on the number of transactions we process as we move into what
is typically the busiest period of the real estate cycle." added Mr.
Johnson.
The econveyance platform is the only web based collaborative platform of
its kind which allows member as well as non-member firms to share
information without having to fax, scan, email or re-create files. With
no software to purchase or install, users only need internet access and a
browser to connect to the secure platform. Non-member firms are
encouraged to join through an invitation process by member firms similar
to the social networking sites like LinkedIn, FaceBook and Twitter. "We
believe our growth and recognition as the industry leader has been our
leading edge technology offering a premium product together with premium
service that is unequalled in the industry" continued Mr. Johnson.
"The response from our membership has made our latest referral program
the most successful to date. Our users know sharing information saves
them valuable time which is why they are motivated to convince others to
join our revolutionary platform. Their enthusiastic involvement validates
our continued growth strategy within British Columbia and sets the
standard for our planned expansion into Alberta" added Johnson.
About OneMove Technologies Inc.
OneMove Technologies Inc. (TSX VENTURE: OM) offers a leading real estate
transaction platform. Through econveyancePro(TM), its proprietary
web-based conveyancing software solution, OneMove(TM) 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 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.
Contacts:
OneMove Technologies Inc.
Martin R. Johnson
President & CEO
604.662.8207 ext 116
martin.johnson@onemovetech.com
OneMove Technologies Inc.
William Cawker
Corporate & Shareholder Services
604.662.8207 ext 114
william.cawker@onemovetech.com
www.onemovetech.com
Copyright 2010, Market Wire, All rights reserved.
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