Business
OneMove(TM) Reports Fiscal 2007 Year End Results
OneMove(TM) Reports Fiscal 2007 Year End Results.
About this update from Osisko Metals Incorporated
[{"type":"text","content":"\n\n\n\nCompany achieves 183% year-over-year revenue growth\n\n\nVANCOUVER, Oct. 29 /CNW/ - OneMove Technologies Inc. ("OneMove" or the\n"Company") (TSX-V: OM) announces its financial results for the three- and\n12-month periods ended June 30, 2007. All results are reported in Canadian\ndollars unless otherwise stated.\n\n\nFiscal 2007 Summary\n-------------------\n- Revenue of $1.2 million, a 183% increase over fiscal 2006\n- Average daily transactions in B.C. increased from approximately 7,000\n in the first quarter to 13,000 in the fourth quarter\n- Average daily revenue in B.C. grew from approximately $3,000 in the\n first quarter to approximately $5,000 in the fourth quarter\n- EBITDA(x) (as defined at the end of the release) of $(4.7) million,\n compared to $(1.8) million in fiscal 2006\n- Net loss of $6.2 million, or $0.28 per share, compared to net loss of\n $4.2 million or $0.38 per share in fiscal 2006\n- Listed on the TSX Venture Exchange, completed $2.0 million brokered\n private placement\n- Completed Acquisition of OneMove Limited in the U.K.\n- Launched Home Buyer Expense Insurance, in partnership with HSBC, in\n the U.K.\n- Launched U.K.'s fastest growing free property listing web portal\n- Completed $8.0 million brokered private placement\n- Signed integration agreement with U.K.-based WebSky, completed\n integration of Expert Agent software and OneMove's MMS subsequent to\n year end\n\n\n"Our focus for fiscal 2007 was laying a foundation for growth," said\nMartin Johnson, President and CEO, OneMove. "We listed on the TSX Venture\nExchange, completed $10.0 million in private placements to provide us with the\ncapital necessary to fund our growth initiatives, and expanded into the U.K.\nthrough our acquisition of OneMove Limited. As the year progressed, we\ntransitioned our Move Management System (MMS) in the U.K. from development to\ncommercialization, and during the fourth quarter we saw a notable increase in\ncustomer leads. In B.C., we enhanced our econveyance(TM) offering and\ncommenced a marketing campaign in partnership with the B.C. Land Title Office\nto promote electronic filing, which resulted in the doubling of our customer\nbase over last year."\n\n\n"Looking forward, with most of our core operational developments now\nbehind us, we are well positioned to f...