OneMove Technologies Inc. ("OneMove" or the "Company") (TSX VENTURE:OM), 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 its financial results for the three months period
ended September 30, 2012. All figures are reported in Canadian dollars. 


The first quarter saw the Company continue to build its membership and brand by
concentrating on adding new users and increasing revenue in spite of the real
estate market contraction of 14% of MLS(R) listed sales compared to the same
period a year ago.


First Quarter Operational Highlights 



--  MLS(R) listed sales in BC decreased 14% from 19,032 to 16,358 from Q1 of
    fiscal 2012. 
    
--  Q1 revenue increased at a slower pace of 13.6% or $80,000 from $587,000
    to $667,000 from fiscal 2012. 
    
--  Transactional volume increased 14% or 2,656 from 19,152 to 21,808. Daily
    average revenue increased 15% or $1,363 from $9,090 to $10,435. 
    
--  Member firms increased 20% or 108 from 542 to 650 and our retention rate
    continues to be strong at 99% of user/members for Q1 of fiscal 2013. 
    
--  Ongoing business expenses increased from $621,000 to $843,000 from Q1 of
    fiscal 2012 as a result of the expansion of the sales team and non-
    recurrent restructuring costs. 
    
--  Losses decreased to ($176,000) from ($262,000) in Q4 of last fiscal but
    higher than Q1 of last year ($34,000) on the back of BC market softening
    and ($125,000) restructuring costs. 



Fiscal 2013 Q1 Financial Summary 



                                      Q1                Q1                  
                                  FY 2013           FY 2012       % Change  
Revenue                     $     667,000     $     587,000           13.6% 
Adjusted EBITDA(ii)         $    (107,000)    $      82,000           (230%)
Net Income (loss)           $    (176,000)    $     (33,000)         433.3% 
Net Income (loss) p/s       $        0.00     $        0.00              0% 



Operations in British Columbia 

In the past, the Company has been enjoying continuous growth in British Columbia
on the back of moderate organic expansion and a buoyant real estate market.
Until recently, OneMove has not expanded aggressively into other jurisdictions
and, as a result, its topline results are exposed to the fluctuations in the
number of real estate transactions of its home market.


The results for this quarter have been negatively affected by the recent
downturn in the British Columbia real estate market. According to the Real
Estate Board of Greater Vancouver, the region where most of the real estate
transactions occur in the province, the number of home sales plunged by 30% in
August of this year compared to the same month last year. This decline, which is
unusual in what is normally a strong month, affected our September financial
results and it is expected that further real estate market weakening may
continue to affect our financial results for the rest of the year.


That trend continued in September with some signs of relief in October where,
according to the British Columbia Real Estate association, the number of MLS
transactions was 10% lower than last year for the month of October. The downturn
also negatively affected the dollar volume of homes sold through the MLS in the
province by 15%.


According to analysts, the softening of the market seems to be due to the
tighter mortgage credit regulations and it is unclear whether this will affect
the market permanently and whether the number of transactions will keep
declining or rebound in the future. Unless there is a visible correction in
November, this uncertainty is expected to last until next spring when the real
estate market normally picks up again during its regular observed cycle.


This uncertainty will affect our ability to forecast as we enter into the slow
winter months. As a large majority of our sales are in BC, this downturn has
affected our financials for this quarter and will affect our results for Q2
significantly thereby reducing our cash position.


Operations in Alberta

Due to the lack of resources, the Company has not expanded its sales base as
quickly as it otherwise could have. The launch in Alberta was relatively late
and was only supported by a low number of sales reps with little marketing
budget. As a result, the Company is today significantly exposed to fluctuations
in the number of real estate transactions in BC, the market where most of its
revenues are derived.


Management has recently increased the pace of expansion by significantly
increasing the number of sales reps and trainers and adding a marketing manager
function to oversee all strategic communication initiatives. Most of the
Company's commercial efforts are now in the province of Alberta, which is
currently enjoying a buoyant real estate market on the back of the oil and gas
industry. We are also working on further national and international expansion
initiatives.


All these initiatives, however, will not immediately affect the bottom line. New
sales staff needs to be trained and the average sales cycle (the time it takes
to bring a customer from the initial sales call, to demonstration, to training
and to billing) is several months. The marketing plans will also take several
months to be designed, tested and implemented. Taking all these factors into
account, it is expected that the investments in Alberta will increase the bottom
line by spring of next year.


Restructuring

The current management team is working on finalizing the restructuring of the
Company and exploring the different options available to the Company for
expansion. The restructuring affected the bottom line with non-recurring
severance payments, advisory fees and higher than normal legal expenses. Due to
the restructuring costs, the combination of the real estate market downturn and
the low seasonality of the winter months, management anticipates the need to
raise funds early next year.


As part of his contract, Serge Salager, the Company's new CEO was granted
545,176 stock options on October 29, 2012 at an exercise price of $0.35 and
expiration date in August 2017.


Full financial statements and MD&A for OneMove will be available at
www.onemovetech.com and www.sedar.com.


(ii) EBITDA is used internally by the Company to compare cash operating resulted
from one period to another. EBITDA for the purposes of this analysis also
excludes stock based compensation, shares issued for services and "Other
income/losses" per the financial statements. EBITDA does not have any
standardized meaning prescribed by GAAP and therefore may not be comparable to
similar measures presented by other companies. 


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.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
OneMove Technologies Inc.
Serge Salager
CEO
ir@onemovetech.com


OneMove Technologies Inc.
Parm Gill
CFO
ir@onemovetech.com


OneMove Technologies Inc.
William Cawker
Shareholder and Investor Communications
ir@onemovetech.com
www.onemovetech.com

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