Plantro and Matthew Proud Amend Early Warning Report

TORONTO, Dec. 14, 2012 /CNW/ - Matthew Proud ("Proud"), Chairman of the Board of Directors of OneMove Technologies Inc. ("OneMove" or the "Company") together with his investment company Plantro Ltd. ("Plantro", together with Proud, the "Offeror") today filed an amendment to the early warning report previously filed by the Offeror on December 11, 2012. The Offeror today provided OneMove with a letter requesting that the Company confirm on or before December 17, 2012 that One Move will engage in exclusive negotiations with the Offeror for a friendly all cash take-over bid to acquire all of the outstanding common shares not already owned by the Offeror.

Notwithstanding the delivery of the above mentioned letter to OneMove and any subsequent negotiations in connection therewith, the Offeror may terminate such discussions at any time and may, directly or indirectly, depending on market and other conditions, (i) acquire beneficial ownership of, control or direction over, additional common shares of the Company, through market transactions, private agreements or otherwise, in accordance with applicable securities legislation, (ii) sell any or all of their respective common shares through market transactions, private agreements or otherwise, in accordance with applicable securities legislation, (iii) engage in discussions with other shareholders in respect of a go private transaction or takeover bid, or (iv) make an offer directly to the shareholders to acquire OneMove's common shares.

Neither this announcement nor the amended early warning report referenced herein constitute an offer to purchase or a solicitation of an offer to purchase with respect to any securities of OneMove or a solicitation to execute, withhold or revoke a proxy, whether in connection with a OneMove shareholder meeting or otherwise.

SOURCE: Matthew Proud