- U.K. operations expands product offering to include HIP's -
VANCOUVER, Aug. 20 /CNW/ - OneMove Technologies Inc. ("OneMove" or the "Company") (TSX-V: OM) announced that One Move Ltd., the Company's U.K. based subsidiary, has signed an agreement with MacDonald, Dettwiler and Associates Ltd. ("MDA") (TSX: MDA), a provider of essential information solutions, to act as a distributor of MDA's Home Information Packs ("HIP") throughout England and Wales. HIP's include legal, disclosure and home inspection documents that home sellers in England and Wales are required to provide to prospective home buyers.
Martin Johnson, President and CEO of OneMove states, "I am delighted that we have continued to strengthen our relationship with MDA. MDA also provides our title search service both in the U.K. and British Columbia. This agreement is a continuation of our mutually beneficial relationship that has been in place for the last four years."
Under the terms of the agreement, OneMove will offer the MDA developed and managed HIP service to its growing network of estate agents throughout England and Wales. MDA, through its subsidiary MDA Advantage, works with multiple distribution channels to automatically source, compile and offer the HIP in a web-based format. OneMove's services are controlled and coordinated by its internally developed online software solution, the Move Management System ("MMS"). Being that both systems are web based, the information flows seamlessly from MDA through to OneMove's network and the HIP's end user.
As of August 1, 2007, anyone selling a home with four or more bedrooms in England or Wales is required, by the U.K. government, to compile a HIP. This is the first stage of the government's HIP program rollout. Listings with three bedrooms commence September 10th and smaller properties are expected to be phased in by 2007 year end. The mandatory HIP program has been implemented to introduce greater transparency in the England and Wales real estate markets. A complete HIP includes: an Energy Performance Certificate, sale statement, standard searches and evidence of title. In addition, they include leasehold and commonhold sales information when applicable.
"Adding HIP's to our suite of product offerings was a natural progression for OneMove," said Neil Patel, CEO of OneMove's U.K. subsidiary. "It furthers our commitment to acting as an end-to-end solution provider for all of our customers' home moving needs, strengthening our presence in the England and Wales real estate marketplace. Now that HIP's are a reality, OneMove is ready to be a leader in the provision of the HIP's and continue to remove the stress of moving for the end consumer."
About OneMove Technologies Inc.
OneMove began its business by developing a sophisticated software program that brought innovative advantages for all involved in British Columbia's real estate market, a Canadian province where real estate transactions were already near perfectly executed. OneMove then entered the market in the United Kingdom offering 'one-stop shop' services designed to simplify all aspects of buying and selling a home. OneMove currently operates in the British Columbia and U.K. markets. OneMove facilitates efficient communication between parties such as lawyers, conveyancers, realtors, lenders, buyers and sellers. OneMove's U.K. operations also offers a one-stop online shop for home buyers to access real estate listings through the largest property search portal, its unique insurance product, and its association of service providers which include realtors, solicitors and lenders. Additional information about OneMove can be found at www.onemovetech.com or www.sedar.com.
About MacDonald, Detwiler and Associates Ltd.
MDA provides advanced information solutions that capture and process vast amounts of data, produce essential information, and improve the decision making and operational performance of business and government organizations worldwide.
Focused on markets and customers with strong repeat business potential, MDA delivers a broad spectrum of earth and space based information solutions, ranging from complex operational systems, to tailored information services, to electronic information products.
MDA employs more than 3,000 people in locations across the United States, the United Kingdom, and Canada. The Company's common shares trade on the Toronto Stock Exchange under the symbol TSX:MDA.
The TSX Venture Exchange Inc. has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
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