B2Gold Corp. press release
OneMove Technologies Announces Financial Results for Second Quarter of 2007
TSX - Toronto Stock Exchange · Gold · Canada
(TSX.V: OM)
VANCOUVER, Feb. 28 /CNW/ - OneMove Technologies Inc., reported financial results for its second quarter ended December 31, 2006.
Consolidated revenues for the second quarter increased to $239,583, up 177% compared to $86,512 for the same period a year ago. Domestic revenues increased to $179,792 from $86,512 for the same period last year, reflecting continued growth in OneMove's Canadian operations and sales of econveyance(TM).
OneMove's U.K. business also grew, reporting revenues of $59,791 for the second quarter of 2006 up from $26,155 reported in the first quarter ended September 30, 2006. (Prior to April 1, 2006, the Company did not consolidate the U.K. operations in its gross revenues.)
Net losses for the three month period ended December 31, 2006 were $1,937,163 or $(0.10) per diluted share as compared to losses of $711,388 or $(0.07) per diluted share for the same period a year ago.
For the six months ended December 31, 2006, consolidated revenues increased 179% to $457,193 compared to $163,935 for the same period a year ago. Canadian revenues increased to $371,247 and U.K. revenues increased to $85,946. Net losses for the six months ended December 31, 2006 increased to $3,124,045, or $(0.21) per diluted share, compared to $1,371,979, or $(0.13) per diluted share, for the comparable period in 2005.
December 31, December 31, 2006 2005 2006 2005
Canadian revenues $ 179,792 $ 86,512 $ 371,247 $ 163,935 U.K revenues 59,791 - 85,946 - Consolidated revenues 239,583 86,512 457,193 163,935
Net losses (1,937,163) (711,388) (3,124,045) (1,371,979) EBITDA (1,140,493) (507,218) (2,292,435) (818,586) EPS fully diluted $ (0.10) $ (0.07) $ (0.21) $ (0.13)
A comprehensive overview of the Company and its products and services can be viewed on our company website or on our profile on SEDAR at www.sedar.com
About OneMove www.onemovetech.com
OneMove is a one-stop shop designed to simplify moving. It currently operates in the British Columbia and U.K. markets. OneMove facilitates efficient communication between parties such as lawyers, conveyancers, realtors, lenders and buyers and sellers. OneMove's U.K. operation also offers a one-stop online shop for home buyers to access real estate listings through the largest property search portal in Britain. In addition, OneMove created a unique insurance product for beleaguered British homebuyers, and it offers an association of service providers, which include realtors, solicitors and lenders (www.onemove.com).
The forward-looking information contained in this news release represents the expectations of OneMove Technologies Inc. as at February 28, 2007 and, accordingly, is subject to change after such date. However, OneMove Technologies Inc. expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press release.
%SEDAR: 00023118E