ON4 Communications Announces New Board Members and the
Retirement of 15 Million Additional Preferred Shares
New York, NY -- September 29, 2017 -- InvestorsHub NewsWire
-- On4 Communications (OTC: ONCI) is pleased to announce the
addition of the two new board members, Michael Wach and Richard
Lefkowitz. Michael Wach was the Executive Vice President of Sales
at the YES Network and President General Manager of Fox 5
Television New York. Richard Lefkowitz was Global Medi Chief at
GYRO, the world's most independent B2B advertising agency, and the
Media Director at TBWA/CHAIT DAY.
CEO Steve Berman states, "In addition, we have hired 3 new sales
people for the State of California based out of Los Angeles, San
Francisco and San Diego. These sales people are 100% commission
based."
"Chrysler modifications will be done next week. We are sending
modified units this Thursday for a 30 day test."
"Today I met with the office of the mayor of San Antonio and
signed a pilot contract for 100 units. This is a 30 day pilot to be
tested on select city vehicles after which time they have expressed
interest in placing a much larger order."
"The final retirement of the original 30 million preferred
shares has now been completed, and will be seen in our next
quarterly filing due December 15th. "
"I've been asked by both Ford Motor Company and Enterprise
Rent-A-Car not to comment on meetings as we have signed NDAs. I
expect to be able to say more on this later in October."
"I will be traveling back to Kuala Lumpur to meet with two cell
phone service providers for retail selling throughout
Malaysia."
"ON4 Communications is pleased to announce an update on its JV
with NECA. ON4 will be running the Best Title App with its FLY
communications team. Revenue will come to ON4 and be split 50/50
with NECA after expenses."
"We are pleased to announce that we have signed a contract with
a central Florida dealer group with 5 dealerships in Tampa and
Orlando and brands including Chevy, GMC, KIA, Hyundai and Audi.
This contract is for 20 units per month for each dealership
totaling 100 units per month at $200 per unit for a grand total of
$240,000 per year."
Updates on both Kuala Lumpur facilities and upcoming fleet
meetings next week.
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.