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OneMove(TM) Announces Fiscal 2009 Third Quarter Financial Results
- The company weathers its toughest quarter - VANCOUVER, May 26 /CNW/ - OneMove Technologies Inc....
About this update from Osisko Metals Incorporated
[{"type":"text","content":"\n\n\n\n- The company weathers its toughest quarter -\n\n\nVANCOUVER, May 26 /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 three- and\nnine-month periods ended March 31, 2009. OneMove also announces the short term\nbridge financing of $125,000 completed in the quarter. All figures are\nreported in Canadian dollars unless otherwise stated.\n\n\nQ3 Fiscal 2009 Operational Summary\n----------------------------------\n- The newest referral campaign launched by the Company in January drove\n further adoption of econveyance(TM) in Q3 fiscal 2009, with OneMove\n adding the 331st firm to its technology platform, representing a\n 44.5% increase over 229 firms in Q3 fiscal 2008.\n- Expansion of the user base to over 2000 lawyers, notaries and\n conveyancers from 1242 in Q3 fiscal 2008.\n- Total transactions processed in the quarter were 8,760, compared to\n 11,214 in Q3 fiscal 2008.\n- Average daily revenue was $3,961, down from $4,581 in Q3 fiscal 2008.\n- Announcement of econveyancePro the Company's next-generation, fully-\n upgraded, web-based conveyancing software platform to be available\n spring 2009.\n- The Company obtained short term bridge financing of $125,000 during\n the quarter.\n- A 20% wage and salary reduction was implemented effective March 1,\n 2009.\n- The Company launched the first ever conveyance software certification\n program of its kind with community colleges legal assistant courses\n throughout British Columbia.\n- The Company announced its own direct access portal for May 1, 2009\n saving 27% of commission and fees previously paid to be a menu\n selection on BC OnLine.\n- OneMove recognized by the National Research Council of Canada as a\n success story.\n\nQ3 Fiscal 2009 Financial Summary\n--------------------------------\nOn March 7, 2008, OneMove completed the sale of its U.K.-based subsidiary,\nOneMove Limited. As such, OneMove's financial results for the three- and\nnine-month periods ended March 31, 2009, exclude contributions from OneMove\nLimited and are reported on a continuing operations basis.\n\n\n Q3 FY 2009 Q3 FY 2008 % Change\n\nRevenue $264,072 $335,410 (21%)\nAdjusted EBITDA (loss)(1) $(338,117) $(195,330) (73%)\nNet income (loss)...