VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 09/27/12 — The Board of OneMove Technologies Inc. (TSX VENTURE: OM) (“OneMove” or the “Company”), provider of the leading web-based real estate transaction platform and creator of the largest and fastest growing online community of conveyancing professionals, regrets to announce the decision of Mr. Parminder “Parmy” Virk, the Company-s Chief Operating Officer and Chief Technology Officer, to step down from his positions to take some well deserved time off to spend with his family. Mr. Virk remains an important shareholder and will stay involved as a consultant to help ensure the Company-s future success. Mr. Virk-s consulting agreement entitles him to receive up to 200,000 share options exercisable at the current stock market price of $0.40h per share.
“I enjoyed leading OneMove over the past months and steering the Company through difficult times whilst cementing important growth gains and the conclusion of strategic initiatives like our recent financing, the launch in Alberta and the multi-unit high rise Projects platform. I am really proud and grateful for the opportunity of working with exceptional people who deserve all the credit of getting OneMove where it is today,” Parmy said in a statement.
Mr. Tejinder Grewal, one of OneMove-s Directors, commented on Mr. Virk-s departure, “Parmy has been instrumental, over the past 8 years, in developing econveyance as probably the most advanced conveyancing platform in the world. His expertise in developing cloud-based applications, as well as his people management skills, was an invaluable contribution to OneMove. We are happy that Parmy will continue being involved with the Company, to guide strategic initiatives and support the management team moving forward.”
Mr. Philip Chan and Mrs. Cathy Glatiotis, VPs of R&D and Product Development respectively, will assume Mr. Virk-s responsibilities. The Company does not expect to make any major shifts under Mr. Serge Salager, its new CEO, and will continue to invest in the Company-s national and international expansion.
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 or . Professional users site .
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.
Contacts:
OneMove Technologies Inc.
Shareholder Communications / Investor Relations
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