ONCI Secures New Contract with Large Taxi Fleet

Date : 12/23/2016 @ 8:00AM
Source :InvestorsHub NewsWire
Stock : On4 Communications, Inc. (PC) (ONCI)
Quote : 0.006  0.0008 (15.38%) @ 12:32PM

ONCI Secures New Contract with Large Taxi Fleet

ONCI Secures New Contract with Large Taxi Fleet

New York, NY -- December 23, 2016 -- InvestorsHub NewsWire -- On4 Communications, Inc. (OTC Pink: ONCI) - On4 Communications (OTC: ONCI) today announced a full beta test launch of their proprietary FMS Drive Safe App with a large Taxi fleet in the North-East USA. The FMS beta test will be installed on the fleets 1st 250 vehicles during the 2nd week of January 2017 increasing in 250 vehicle tranches until full installation has been completed in the companys 1500 vehicle Taxi fleet.

ONCI CEO Steve Berman states, This full beta test contract arrives with 250 pre-sold units and represents our continued entry into commercial fleets around the country with our proprietary FMS Drive Safe App. There are approximately a quarter million Taxis operating in the USA with almost 30M Taxi trips per annum and the number of Taxis operating globally is estimated to be 18M. We are committed to full-scale commercialization of our proprietary FMS App on a global basis.

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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