on4 communications announces new deal

Date : 12/09/2016 @ 10:00AM
Source :InvestorsHub NewsWire
Stock : On4 Communications, Inc. (PC) (ONCI)
Quote : 0.0034  0.0 (0.00%) @ 7:22AM

on4 communications announces new deal

 
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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