VANCOUVER, Dec. 1 /CNW/ - OneMove Technologies Inc. ("OneMove" or the "Company") (TSX.V: OM) is pleased to announce that it has engaged The Howard Group Inc. of Calgary, Alberta, to provide investor and financial relations services to the Company.
Since 1988, The Howard Group Inc. has provided comprehensive investor and financial relations, business development solutions, in-depth strategic planning and financing services to public companies. The Howard Group Inc. is associated with the Insight Limited Partnership, which invests in micro and small cap companies. The Howard Group currently owns 15,000 common shares of OneMove and Insight owns 50,000 common shares of OneMove.
The initial term of the agreement is 12 months commencing on November 15, 2006. The Howard Group Inc. will be paid a monthly retainer of $6,000 plus GST, which the Company will pay from unallocated working capital. The Company will also reimburse The Howard Group for any reasonable out-of-pockets costs it incurs in performing the services on behalf of the Company. The Company has also granted The Howard Group an option to purchase up to 328,000 common shares of the Company at an exercise price of $0.55 per share for three-years expiring November 15, 2009. The option is subject to vesting in stages over 12 months, with 25% of the option shares becoming vested every three months commencing on February 15, 2007.
The Company anticipates incurring approximately $125,000 in total costs on investor relations activities over the next 12 months, including compensation payable to The Howard Group, although the anticipated costs are subject to change.
In addition to its ongoing investor relations services, The Howard Group Inc. will be providing a monthly commentary on OneMove's activities in its free, online newsletter, Insight. Interested parties are encouraged to subscribe to the newsletter:
http://www.howardgroupinc.com/insight/insight.htm
http://www.howardgroupinc.com/register.htm
The above agreement is subject to the acceptance of the TSX Venture Exchange.
For further information on The Howard Group Inc. please visit www.howardgroupinc.com
About OneMove (www.onemovetech.com)
OneMove is a one-stop shop designed to simplify moving, from a paperwork and legal red tape standpoint. It currently operates in the British Columbia and U.K. markets. OneMove facilitates efficient communication between parties such as lawyers, conveyancers, realtors and buyers and sellers. OneMove's U.K. operation also offers a one-stop online shop for home buyers to access real estate listings, its unique insurance product, and its association of realtors and solicitors (www.onemove.com).
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
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