From the Wires
OneMove(TM) Announces Board Changes, Formation of Special Committee and Appointment of New Chairman
Dec. 17, 2012 07:42 PM
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/18/12 -- OneMove Technologies Inc. ("OneMove" or the "Company") (TSX VENTURE:OM), the provider of the leading web-based real estate transaction platform and the creator of the largest and fastest growing online community of conveyancing professionals, announced today the resignation of Matthew Proud ("Proud") as Director and Chairman of the Board. Proud has resigned in order to proceed with his intent to acquire, together with Plantro Ltd. ("Plantro", together with Proud, the "Offeror"), all of the outstanding common shares of the Company not already owned by the Offeror (the "Transaction"), as announced in the Offeror's news release dated December 14, 2012.
OneMove also announces the formation of a Special Committee of the Board of Directors comprised of two independent Directors in order to review, evaluate and guide the Board of Directors in connection with the Transaction.
OneMove also announces the appointment of Mr. Adrian Turchet to fill the Board seat vacated by Mr. Proud, and the appointment of current Director Paul Henri Schelfhout as the new Chairman of the Board. Messrs. Turchet and Schelfhout are the two Board members who are Plantro's appointees as previously agreed between Plantro and the Company.
Mr. Turchet has extensive experience in the investment banking industry and is currently employed with Integral Wealth Securities Ltd. in Toronto, Ontario since 2011 and acted as an institutional equity sales representative of Pollitt & Co. between 2008 and 2011.
About OneMove Technologies Inc.
OneMove Technologies Inc. (TSX VENTURE:OM) is the leading provider of web-based real estate transaction platforms and the creator of the largest and fastest growing online community of conveyancing professionals. Through econveyance(TM), its proprietary web-based conveyancing software solution, OneMove(TM) simplifies and expedites the process of buying and selling real estate. Econveyance connects all participants in the property transfer process, offering a secure and efficient means of completing the transaction online. Additional information about OneMove can be found at www.onemovetech.com or www.sedar.com. Professional users site www.econveyance.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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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