Business
OneMove(TM) Announces Fiscal 2009 First Quarter Financial Results
VANCOUVER, Nov. 27 /CNW/ - OneMove Technologies Inc. ("OneMove" or the "Company") (TSX-V: OM), wh...
About this update from Osisko Metals Incorporated
[{"type":"text","content":"\n\n\n\nVANCOUVER, Nov. 27 /CNW/ - OneMove Technologies Inc. ("OneMove" or the\n"Company") (TSX-V: OM), which provides a leading web-based real estate\ntransaction platform, today announces its financial results for the\nthree-month period ended September 30, 2008. All figures are reported in\nCanadian dollars unless otherwise stated.\n\n\nQ1 Fiscal 2009 Operational Highlights\n-------------------------------------\n\n- Expanded user base to 1,242 lawyers and notaries from 506 in\n Q1 fiscal 2008\n\n- Total transactions processed in the quarter increased to 15,558 from\n 14,650 in Q1 fiscal 2008\n\n- Average daily revenue was $6,491, up from $6,066 in Q1 fiscal 2008\n\n- Closed private placement for total proceeds of $565,301\n\n- Raised prices by 15% on average, effective September 1, 2008\n\n- Implemented customer referral program\n\n- Released econveyance 8.0, adding a realtor user interface\n\n- Launched title searching service for the consumer\n\n- Ranked No.1 on Business in Vancouver's list of B.C.'s 100 Fastest\n Growing Companies\n\n- Appointed Michael Kader to Board of Directors\n\n\nQ1 Fiscal 2009 Financial Summary\n--------------------------------\nOn March 7, 2008, OneMove completed the sale of its U.K.-based subsidiary,\nOneMove Limited. As a result, OneMove's financial results for the three months\nended September 30, 2007, exclude contributions from OneMove Limited and are\nreported on a continuing operations basis.\n\n Q1 FY 2009 Q1 FY 2008 % Change\n\nRevenue $446,719 $429,059 + 4%\n\nAdjusted EBITDA (loss)(1) $(349,051) $(408,705) + 15%\n\nNet income (loss) $(421,670) $(472,363)(2) + 11%\n\nNet income (loss) per share $(0.01) $(0.01)(2) 0%\n\n\n"For fiscal 2009, we are focused on improving our financial performance\nand growing our market share," said Martin Johnson, President and CEO,\nOneMove. "In Q1, we increased the number of users processing transactions\nthrough econveyance by more than 145% year-over-year. As a result, we\ndelivered continued revenue growth, despite the significant real estate market\nslowdown in British Columbia. We also strengthened our cash position with the\ncompletion of a private placement."\n\n\nMr. Johnson continued: "Looking forward, we recognize the economic\nheadwinds the real estate industry is facing. According to the B.C. Real\nE...