OneMove(TM) Completes Sale of its U.K. Subsidiary



    VANCOUVER, March 7 /CNW/ - OneMove Technologies Inc. ("OneMove" or the
"Company") (TSX-V: OM), a leading web-based real estate transaction platform,
today announced that it has completed the previously announced sale of its
U.K. subsidiary, OneMove Limited, to Neil Patel, CEO, OneMove Limited.
    As per the terms of the agreement, Mr. Patel has returned to treasury the
5.6 million OneMove shares that were issued to him as consideration for the
original purchase of OneMove Limited. OneMove Limited has also issued a
debenture to OneMove for approximately (pnds stlg)1.2 million, to be paid out
over a term of 10 years. OneMove has renounced ownership of OneMove Limited,
returning all shares held, and has provided (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 have stepped down from the other company's
Board of Directors; Neil Patel will no longer serve as a Director for OneMove.
    In conjunction with the completion of the sale, OneMove and
OneMove Limited have entered into a brand sharing and software license
agreement. Under the terms of the software license agreement, OneMove Limited
will continue to use OneMove's proprietary Move Management System (MMS)
web-based platform for a monthly royalty fee.

    About OneMove Technologies Inc.

    OneMove Technologies Inc. (TSX-V: OM) is a real estate transaction
platform. Through econveyance(TM), a leading edge 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 and monitoring the transaction online.
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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