on4 communications announces new deal
December 09 2016 - 10:00AM
InvestorsHub NewsWire
ONCI
Announces Joint-Venture with Digital Media Management &
Consulting
New
York, NY -- December 9, 2016 -- InvestorsHub NewsWire -- On4
Communications, Inc. (OTC Pink: (OTC: ONCI)) - On4 Communications
(OTC: ONCI) is proud to announce that it has agreed to
a Forty-Nine Percent (49%) Joint-Venture equity/ownership
stake in Digital Media Management & Consulting, a fast-rising
digital signage privately-held company headquartered in New York,
NY.
The team
at Digital Signage Systems http://www.dmmc.tv/ have been working with
content owners for the past 10 years, gaining extensive industry
expertise and experience in developing and delivering high profile,
premium digital signage network services. The DMCC platform
supports advanced implementations of electronic sell-through and
content advertising supported networks. Each of these
business models are major requirements for owners and rights
holders of entertainment content interested in rolling out new
digital signage services.
ONCI CEO
Berman states: “The completion of this Joint-Venture with DMCC
better positions us with our target MJ companies and provides us
with a perfect partner for our soon to be announced Cannabis App
Development Company. With my well-established industry contacts, we
can now offer Digital’s growing customer base a compelling platform
for all premium digital content with support for all types of
business models.”
“DMCC has
recently established an initial customer base that is now ready for
rapid growth and expansion and we’re excited to make them our
newest subsidiary. Our combined extensive industry knowledge
of best-in-class digital entertainment services, App Development,
advertising and sales, offered in combination with Digital’s
experience in delivering audio, video, social media, IoT and other
technologies together in a way that no other platform can,
positions us favorably to capitalize on our combined opportunities
.”
“The
digital signage market is accelerating rapidly in the U.S., Europe
and other parts of the world, and represents a large and growing
addressable market for the combined company,” said Steve Berman,
ONCI CEO. “The timing of this Joint-Venture simply could not be
better as Digital Media has recently positioned itself with
clientele such that The Company anticipates current revenues to
increase by a factor of 10 within the next 30 days with
announcements to follow.”
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.
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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