|Page (1) of 1 - 12/01/11||email article||print page|
OneMove(TM) Upward Revenue Trend Continues With Record November(December 01, 2011)
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/01/11 -- OneMove Technologies Inc. (TSX VENTURE:OM) ("OneMove" or the "Company"), 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, announced today total revenue of $184,000 for the month of November.
Top line revenue increased by 28% or $40,000 to $184,000 compared to $144,000 in November of 2010 and 5% higher than the previous month of $175,000.
Mr. Martin Johnson, President and CEO, stated, "We are pleased to see that the positive trend from the beginning of our Fiscal 2012 year is continuing. We have been working very hard to establish our brand as the leading solution innovator for the conveyancing industry as we expand our presence in western Canada. Membership has grown by 30% or 134 firms from November last year with 70 firms added since reporting our June 30 Fiscal 2011 results."
As the Company enters what is historically a slower period it appears well positioned to see significant growth moving into the spring real estate market of 2012.
The recent release of Connections in conjunction with the "Let's Connect Campaign" has been a game changer for the Company. In just 12 weeks, more than 50% of its customers have connected as a result of over 45,000 invitations being sent. Members have demonstrated their desire to connect, communicate and collaborate with even more firms by taking the initiative to invite non-members to join econveyance's online network by utilizing built in features that simplify the process. Over 1,000 such invitations have been sent since September and continue to be sent daily. The value proposition is simple to non members; with over 575 firms waiting to connect with them, why not connect and communicate in the most efficient manner while collaborating to save valuable time.
"Shareholders can expect the current trajectory will show continued growth. The 'Let's Connect Campaign' has already proven to be the most productive sales initiative in the Company's history. We have conducted more demonstrations and trainings in the month of November than we have ever done. More importantly are the qualified opportunities that have been generated during the campaign that we are working on converting over the next few months. New and existing members can look forward to many new exciting enhancements and features slated for release this spring," continued Johnson.
At the Company's annual general meeting held on November 25, 2011, the shareholders passed a special resolution approving the consolidation of the Company's issued and outstanding common shares on the basis of ten common shares consolidated into one common share. The Board expects to effect the share consolidation in January 2012.
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(TM), its proprietary web-based conveyancing software solution, OneMove(TM) 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 www.onemovetech.com or www.sedar.com. Professional users site www.econveyance.com.
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.
OneMove Technologies Inc.
Martin R. Johnson, CA
President & CEO
604.662.8207 ext 116
OneMove Technologies Inc.
Corporate and Investor Communications
604.662.8207 ext 114
Stone Communication Services Limited
800.336.9528 ext 4428
Copyright @ Marketwire
Related Keywords: OneMove Technologies Inc. , Canada, Marketwire, Inc., , Financial, Business,