- U.K. operations expands product offering to include HIP's -
VANCOUVER, Aug. 20 /CNW/ - OneMove Technologies Inc. ("OneMove" or the
"Company") (TSX-V: OM) announced that One Move Ltd., the Company's U.K. based
subsidiary, has signed an agreement with MacDonald, Dettwiler and Associates
Ltd. ("MDA") (TSX: MDA), a provider of essential information solutions, to act
as a distributor of MDA's Home Information Packs ("HIP") throughout England
and Wales. HIP's include legal, disclosure and home inspection documents that
home sellers in England and Wales are required to provide to prospective home
Martin Johnson, President and CEO of OneMove states, "I am delighted that
we have continued to strengthen our relationship with MDA. MDA also provides
our title search service both in the U.K. and British Columbia. This agreement
is a continuation of our mutually beneficial relationship that has been in
place for the last four years."
Under the terms of the agreement, OneMove will offer the MDA developed
and managed HIP service to its growing network of estate agents throughout
England and Wales. MDA, through its subsidiary MDA Advantage, works with
multiple distribution channels to automatically source, compile and offer the
HIP in a web-based format. OneMove's services are controlled and coordinated
by its internally developed online software solution, the Move Management
System ("MMS"). Being that both systems are web based, the information flows
seamlessly from MDA through to OneMove's network and the HIP's end user.
As of August 1, 2007, anyone selling a home with four or more bedrooms in
England or Wales is required, by the U.K. government, to compile a HIP. This
is the first stage of the government's HIP program rollout. Listings with
three bedrooms commence September 10th and smaller properties are expected to
be phased in by 2007 year end. The mandatory HIP program has been implemented
to introduce greater transparency in the England and Wales real estate
markets. A complete HIP includes: an Energy Performance Certificate, sale
statement, standard searches and evidence of title. In addition, they include
leasehold and commonhold sales information when applicable.
"Adding HIP's to our suite of product offerings was a natural progression
for OneMove," said Neil Patel, CEO of OneMove's U.K. subsidiary. "It furthers
our commitment to acting as an end-to-end solution provider for all of our
customers' home moving needs, strengthening our presence in the England and
Wales real estate marketplace. Now that HIP's are a reality, OneMove is ready
to be a leader in the provision of the HIP's and continue to remove the stress
of moving for the end consumer."
About OneMove Technologies Inc.
OneMove began its business by developing a sophisticated software program
that brought innovative advantages for all involved in British Columbia's real
estate market, a Canadian province where real estate transactions were already
near perfectly executed. OneMove then entered the market in the United Kingdom
offering 'one-stop shop' services designed to simplify all aspects of buying
and selling a home. OneMove currently operates in the British Columbia and
U.K. markets. OneMove facilitates efficient communication between parties such
as lawyers, conveyancers, realtors, lenders, buyers and sellers. OneMove's
U.K. operations also offers a one-stop online shop for home buyers to access
real estate listings through the largest property search portal, its unique
insurance product, and its association of service providers which include
realtors, solicitors and lenders. Additional information about OneMove can be
found at www.onemovetech.com or www.sedar.com.
About MacDonald, Detwiler and Associates Ltd.
MDA provides advanced information solutions that capture and process vast
amounts of data, produce essential information, and improve the decision
making and operational performance of business and government organizations
Focused on markets and customers with strong repeat business potential,
MDA delivers a broad spectrum of earth and space based information solutions,
ranging from complex operational systems, to tailored information services, to
electronic information products.
MDA employs more than 3,000 people in locations across the United States,
the United Kingdom, and Canada. The Company's common shares trade on the
Toronto Stock Exchange under the symbol TSX:MDA.
The TSX Venture Exchange Inc. has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Martin R. Johnson, President & CEO, (604)
662-8207 ext 116, email@example.com