ONCI Acquires Family Mobil Safety(FMS) Marketing and Prepares to Implement Immediate Growth Acceleration
NEW YORK, NY -- November 4, 2016 -- InvestorsHub NewsWire -- On4 Communications ( OTC : ONCI ) is proud to announce that it has agreed to acquire a Forty-Nine Percent (49%) equity/ownership stake in Family Mobil Safety(FMS) Marketing.
On4 Communications ( OTC : ONCI ) is proud to announce that it has agreed to acquire a Forty-Nine Percent (49%) equity/ownership stake in Family Mobil Safety(FMS) Marketing, the distributor of a safe driving app. Under terms of the deal, FMS and their global distribution network of the drive safe app will remain fully operational and continue as a standalone brand following the close of the acquisition.
The FMS revolutionary safe driving app is currently generating Thirty Five Thousand Dollars ($35,000) in average monthly revenues and is expected to increase the recurring monthly revenues as organic traction amongst auto dealerships and auto insurance companies begins the next stages of growth.
To protect the privacy of the current FMS App merchant and vendor network and in order to avoid an influx of unsolicited calls to the FMS App merchant and vendor network, ONCI and FMS have agreed to not disclose the name of the App in today’s announcement.
The FMS safe driving app does a number of things to keep your attention on the road while you're driving and not on your smart phone. As soon as the FMS app detects that the vehicles wheels are in motion the App automatically shuts down all voice and social media communication ability for safe, distraction-free driving.
The safe driving app by FMS features 3 key components as follows:
-First, the app is automatically enabled as soon as you start driving and automatically replies to any incoming text messages in a way that's similar to an out of office message so the text sender knows you're driving and can't reply right now.
-Second, it silences audio tones for texts, emails, and phone calls.
-Third, it blocks Web browsing, texting and outgoing phone calls—except for emergency 911 calls.
CEO Steve Berman concludes as follows, “We are thrilled to announce the acquisition of FMS and their distribution network of the revolutionary drive safe App, as it immediately brings a profitable company into the fold. In fact, we will be announcing the closing of a number of final stage vendors which will provide a substantial increase in FMS/On4 Communications recurring monthly revenues over the coming weeks, so please stay tuned.”
About On4 Communications ( OTC : ONCI )
On4 is a holdings company with an aggressive focus of acquiring proven and profitable businesses. Our first project is focusing on businesses operating in the $1.7 trillion U.S. healthcare industry. Our newest targeted businesses are operating in the trillion dollar mobile App space. Our first acquisition in the mobile App space is FMS Marketing a global creator and distributor of mobile Apps for Android and Iphones. We are also targeting businesses to acquire and joint venture with in the medical marijuana and emerging MJ ancillary products space.
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," \"believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements, as described in our reports filed with the Securities and Exchange Commission which are available for review at www.sec.gov, to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.