VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 27, 2012) - OneMove Technologies Inc. ("OneMove" or the "Company") (TSX VENTURE:OM), provider of the leading web-based real estate transaction platform and creator of the largest and fastest growing online community of conveyancing professionals, today announced that effective Tuesday, August 28, 2012 the Company's issued and outstanding common shares will be consolidated on the basis of 10 shares being consolidated into one share such that for each 10 common shares of the Company presently held by a shareholder, the shareholder will hold one common share after consolidation. Effective at the opening of trading on Tuesday, August 28, 2012, the Company's common shares will trade on a post-consolidated basis. The Company's name and trading symbol will not change in conjunction with the share consolidation.
Before the consolidation, the Company has 109,035,110 outstanding common shares and outstanding options and warrants to purchase a total of 42,903,690 additional common shares at prices ranging from $0.10 to $0.15 per share. Following the 10-for-1 share consolidation, there will be 10,903,511 outstanding common shares, and options and warrants to purchase a total of 4,290,369 additional common shares at prices ranging from $1.00 to $1.50 per share.
At the Company's annual general and special meeting held on November 25, 2011, the Company's shareholders approved the share consolidation. The purpose of the share consolidation is to facilitate the Company's ability to attract future financings and transactions for the Company.
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™, its proprietary web-based conveyancing software solution, OneMove™ 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.
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.