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.
Forward-Looking Statement
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.
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