OM's March Revenues up 60% Year over Year
Record Number of New Member Firms Join In March
marketwire
*
Companies:
o ONEMOVE TECHNOLOGIES INC (Tier2
Press Release Source: OneMove Technologies Inc. On Tuesday April 6, 2010, 9:00 am
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 6, 2010) - OneMove Technologies Inc. ("OneMove" or the "Company") (TSX VENTURE:OM - News), 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 - News) 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.
Contact:
Martin R. Johnson
OneMove Technologies Inc.
President & CEO
604.662.8207 ext 116
martin.johnson@onemovetech.com
William Cawker
OneMove Technologies Inc.
Corporate & Shareholder Services
604.662.8207 ext 114
william.cawker@onemovetech.com
www.onemovetech.com
AI
