VANCOUVER, Oct. 28 /CNW/ - OneMove Technologies Inc. ("OneMove" or the "Company") (TSX-V: OM), which offers a leading web-based real estate transaction platform, today announced that it has completed the previously announced integration of econveyance(TM), its online conveyancing software platform, with Chicago Title Insurance Company's ("CTIC") web-based Canadian title insurance customer application, CTIC Express. British Columbia-based lawyers and notaries can now order and receive electronic delivery of CTIC's title insurance products and services directly through econveyance.
With the completion of the integration of econveyance with CTIC Express, OneMove now offers direct online access, through its technology platform, to all the major Canadian title insurance companies' products and services. OneMove also provides all of the forms necessary for users to comply with the Western Conveyancing Protocol.
"We believe enhancing the functionality of econveyance to include direct access to CTIC's title insurance offerings will help us attract new users and drive revenue growth from our existing customer base," said Martin Johnson, President and CEO, OneMove. "In British Columbia, the value of title insurance premiums increased from $424,000 in 1996, to $22 million in 2007. With the leading title insurance providers' web-based products and services now integrated with econveyance, and the adoption of the paperless property transfer process gaining momentum, we believe we are well positioned to capitalize on the exponential growth in the title insurance market."
Lawyers and notaries across British Columbia can request and receive electronic delivery of CTIC's title insurance products and services directly though econveyance, and can have basic policies issued and delivered to their econveyance files within seconds. Using econveyance to request title insurance eliminates duplicate data entry, expedites the process of ordering title insurance and keeps pertinent property transfer documentation in a centralized online repository. Econveyance files are updated automatically with any changes and users are notified of these updates via email
About OneMove Technologies Inc.
OneMove Technologies Inc. (TSX-V: OM) offers a leading real estate transaction platform. Through econveyance(TM), its proprietary web-based conveyancing software solution, OneMove(TM) simplifies and expedites the process of buying and selling real estate in British Columbia, Canada. Econveyance links all participants in the property transfer process, offering a secure and efficient means of seamlessly completing the transaction online. Additional information about OneMove can be found at www.onemovetech.com or www.sedar.com.
Forward Looking Statement
This press release contains certain "forward looking statements." These statements relate to future events or future performance and reflect expectations and belief regarding growth, results of operations, performance, business prospects, opportunities or industry performance and trends. These forward looking statements reflect current internal projections, expectations or beliefs and are based on information currently available. A number of factors could cause actual events or results to differ materially from the results discussed in the forward looking statements. Although it is believed that the forward looking statements contained in this press release are based upon reasonable assumptions, investors cannot be assured that actual results will be consistent with these forward looking statements. These forward looking statements are made as of the date of this press release, and OneMove Technologies Inc. assumes no obligation to update or revise them to reflect new events or circumstances, except as required pursuant to applicable securities laws.
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