On4 Communications, Inc. Board of Directors Agrees on Plan of Merger and Reorganization
May 01 2017 - 10:00AM
InvestorsHub NewsWire
NEW YORK, NEW YORK -- InvestorsHub
NewsWire -- On4 Communications, Inc. (OTC.PK:
ONCI), a Delaware corporation, announces today that it will
begin steps to re-domicile the corporation in Colorado. Colorado
will provide an opportunity for a fresh-start in an increasingly
utilized jurisdiction for corporate formation and reformation. In
addition, Colorado presents unique opportunities in the state’s
billion-dollar medical marijuana industry.
ONCI’s CEO Steve Berman states, “I wish to sincerely thank our
shareholders for having the patience to bear with us as we finalize
plans to make certain structural changes contemplated to improve
shareholder value and plan for future growth as our revenue starts
to increase. I am excited about planning our move to Colorado and
building value for all shareholders.”
The Company plans to announce details of the plans to re-domicile
in the coming weeks, as it will soon begin taking the necessary
steps towards reformation while certain regulatory implications are
vetted. The Company is currently looking for office space in
Boulder Colorado, an emerging hub of research and development in
the state’s growing tech industry.
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 a rapidly
emerging 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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