OneMove Technologies Inc Receives Formal Offer Letter From Plantro Ltd

OneMove Technologies Inc announced that it has received a letter from Plantro Ltd., an investment company owned by Matthew 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 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.