OneMove(TM) Announces Agreement to sell its U.K.-based Subsidiary



    Company to focus resources on domestic operations

    VANCOUVER, Feb. 13 /CNW/ - OneMove Technologies Inc. ("OneMove" or the
"Company") (TSX-V: OM), a leading web-based real estate transaction platform,
today announced that it has signed a binding memorandum of understanding
("MOU") for the sale of its U.K.-based wholly owned subsidiary, OneMove
Limited, to Neil Patel, CEO, OneMove Limited. The sale is expected to close on
or before February 28, 2008.
    Under the terms of the agreement, Mr. Patel will return to treasury all
5.6 million of his currently held shares in OneMove that were issued to him as
consideration for the original purchase of OneMove Limited. OneMove Limited
will issue a debenture to OneMove for approximately (pnds stlg)1.2 million, to
be paid out over a term of 10 years. OneMove will renounce ownership of
OneMove Limited, returning all shares held, and provide (pnds stlg)175,000 in
funding, 50% of which OneMove Limited will repay by way of the debenture. In
addition, the representatives for each company will step down from the other
company's Board of Directors, and the companies will enter into a brand
sharing and a software royalty license agreement, the terms of which will be
finalized upon closing.
    "We believe these changes will strengthen our financial position over the
long-term," said Martin Johnson, President and CEO, OneMove. "We have
demonstrated continued strong growth in B.C., with transactions processed more
than doubling year-over-year. However, sales in the U.K., while growing, have
developed more slowly than expected. As a result, we believe it is prudent to
eliminate our direct investment in the U.K. real estate market at this time
and focus our financial resources on continuing to drive domestic growth. With
the sale of OneMove Limited, we will be able to better capitalize on the
opportunities in the fastest growing segment of our business and deliver on
the full potential of our B.C. operations, while still participating in the
growth of the U.K. market through the software licence agreement."

    About OneMove Technologies Inc.

    OneMove Technologies Inc. (TSX-V: OM) is a real estate transaction
platform, currently serving the British Columbia, England and Wales real
estate markets. By combining personal service, unique products and leading
edge technology, OneMove(TM) simplifies and expedites the process of buying
and selling real estate. The Company's product and service offerings include:
econveyance(TM) the largest conveyance platform in British Columbia, and a
Move Management System, Personal Moving Consultants, Home Buyer Expense
Insurance, and the largest free online real estate listing database in England
and Wales. Additional information about OneMove can be found at
www.onemovetech.com or www.sedar.com.

    Forward Looking Statements

    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.

    The TSX Venture Exchange Inc. has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release

    %SEDAR: 00023118E




For further information:

For further information: Martin R. Johnson, President & CEO, (604)
662-8207, ext 116, martin.johnson@onemovetech.com; Kristen Dickson, Investor
Relations, The Equicom Group, (416) 815-0700, ext 273,
kdickson@equicomgroup.com

Organization Profile

ONEMOVE TECHNOLOGIES INC.

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