VANCOUVER, Dec. 18 /CNW/ - OneMove Technologies Inc. ("OneMove") (TSX.V: OM). Just months after shouldering its way into England's antiquated real estate industry, OneMove has scored a coup by bringing one of the leading real estate companies in southern England under its umbrella of agents.
OneMove recently signed on Townends - an award winning player in the hot UK real estate market - thus increasing the number of real estate agents within the OneMove system by 230% since launching its new web-site and software in England three months ago.
"The signing of Townends is a big notch in our corporate measuring stick," said Vancouver-based Martin R. Johnson, President and CEO of OneMove. "Bringing on Townends gives us more than a toehold into that huge market," Johnson added. "It gives us a very firm base."
The British entity, One Move Limited, is a subsidiary of OneMove and is headed up by Neil Patel. OneMove cut its teeth in British Columbia with its technology-driven business plan to improve upon the province's already efficient real estate trading system.
OneMove discovered, during the development and implementation of its software in B.C., that its technology vastly improves Britain's stodgy and cumbersome system. In England and Wales, it can take up to three months to close a deal, compared to three to four weeks in B.C. In addition, up to 28% of real estate deals in England and Wales fail, causing buyers to lose some or all of their transaction fees. "It's a crazy system," Johnson said, adding, "it's little wonder Brits said in a recent survey that buying a house is as stressful as dealing with death or going through a divorce."
As a solution OneMove offers an all inclusive communication system that electronically links all the parties together to greatly increase the transparency and confidence in the deal. The OneMove system speeds up the transaction time and greatly reduces the risk that a buyer will lose their transaction fees if it fails.
OneMove also seamlessly offers buyers and sellers access to a growing network of preferred and screened professionals who provide consumers with everything from legal work to mortgages, moving services and utility hook ups. In the event that a deal does go sour, OneMove has also partnered with HSBC to pioneer Britain's only insurance plan that protects a buyer's hard-earned money.
Johnson said, "As a result of our high level of personalized service, OneMove's growth in the booming English market has caused quite a stir. It has certainly illustrated that a company from a former colony can show Mother England how to do something better," Johnson added. "Way better."
Townends has over 40 branches in London, Surrey and Middlesex and is owned by Badger Holdings Limited. "We're joining the OneMove network because we want to be in on the ground floor with a company that is flying high," said Seamus Kavanagh, Group Sales Director, Badger Holdings Limited.
About OneMove (www.onemovetech.com)
OneMove is a one-stop shop designed to greatly ease the burdens all parties in a real estate transaction face. It currently operates in the British Columbia and U.K. markets. OneMove facilitates efficient communication between parties such as lawyers, conveyancers, realtors, lenders and buyers and sellers. OneMove's U.K. operation also offers a one-stop online shop for home buyers to access real estate listings through one of the largest property search portals in England and Wales. OneMove also gives buyers an unprecedented level of comfort by offering a unique insurance product to protect consumers if a deal fails. In addition, OneMove offers an association of service providers, which include realtors, lawyers and lenders. For more information about OneMove in the UK, please visit www.onemove.com
About Townends (www.townends.co.uk )
Townends is a highly successful chain of real estate agents with over forty offices operating primarily in London, Surrey, and Middlesex with a growing presence in Berkshire and Hampshire. As well as residential sales and lettings & management, the company is also able to offer estate management, conveyancing, land and new homes and overseas properties to its customers.
Townends Estate Agents form part of the Badger Holdings group of property specialists, which also includes Regents Estate Agents, Tyser Greenwood Surveyors and .dot financial services.
English Press Contact:
Kirstie Ayres
Marketing Manager, Badger Holdings
Tel: 01932 736 537
Email: kayres@badgerholdings.co.uk
The forward-looking information contained in this news release represents the expectations of OneMove Technologies Inc. as at December 18, 2006 and, accordingly, is subject to change after such date. However, OneMove Technologies Inc. expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press release.
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