ONCI Secures 7 New Vendors and Launches Global Distribution
New York, New York --December 2nd, 2016 -- InvestorsHub NewsWire -- On4 Communications, Inc. (OTC Pink: ONCI) - On4 Communications (OTC Pink: ONCI) today announced its expanded presence in the USA due to increasing demand for the Company’s premium FMS drive safe App. The Company also announces the launch of the FMS App on a global scale with CEO Berman departing for Europe today.
CEO Steve Berman states, “A common denominator throughout the global driving landscape is the pressure young driver’s face in remaining focused on the road. At the same time, insurance companies and auto dealers are recognizing that they need to invest more in digital transformation initiatives that will help evolve young drivers to safer standards. We are proud to announce that our FMS drive safe App is the 1st App in this space to be distributed on a global basis. We are gaining incredible traction and we expect to continue signing new vendors on a global basis to meet the growing demand. It takes approximately 6 months for full vendor implementation to deduce an accurate “average” monthly revenue amount per vendor. We are extrapolating an “average” of $9K in recurring monthly revenue per vendor.”
“To coincide with our global distribution launch, the FMS Drive Safe App is also the very first App in this space to be made available in the following languages; Dutch, Romanian, German, French, Italian, Russian, Spanish and Slovakian, with more languages and countries expected to come online over the coming months as our global distribution endeavors continue”
“I look forward with a great deal of excitement to providing several more updates on our global growth over the coming weeks as additional Auto Dealers and Auto Insurance companies get signed.” CEO Steve Berman concludes.
About On4 Communications
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.