Thursday, 7 June 2007

OneMove Leader Seeks Out Montreal Investors

OneMove CEO and President Martin Johnson trudged around rainy Montreal June 5th to meet with a host of investors, analysts and brokers.

Johnson told a roomful of around 50 people, gathered at the venerable University Club of Montreal, that OneMove was at the tipping point and the traction the business is gaining will become clear in the very near future.

Johnson explained his company started out in British Columbia with a novel way to digitally transfer property, moved abroad to the much more lucrative market in England and Wales and was now poised to take advantage of contracts hammered out with other British real estate ventures.

He said the B.C. operations were within a "couple of months" of break even and he expects the U.K to be at that point by the end of this year.

Many at the veteran club, which featured wing-back chairs and a sweeping, dark oak circular staircase, were stunned to hear how cranky and brutal Britain's real estate market is, especially for buyers who run a one-in-three risk they will be out of pocket thousands of dollars in a failed deal.

He also told the crowd that OneMove's web-based system to trade real estate is exportable to all Commonwealth countries.

In addition to the luncheon, Johnson had private meetings with senior officials at Desjardins, BMO Harris and Cormark Securities in a day that began with meetings at 8:30 a.m. (EST) and ended with a flight back to his home base in Vancouver that touched down at midnight (PST.)