ONCI Secures 7 New Vendors and Launches Global Distribution
December 02 2016 - 10:30AM
InvestorsHub NewsWire
ONCI
Secures 7 New Vendors and Launches Global
Distribution
New York, New York --December 2nd,
2016 -- InvestorsHub NewsWire -- On4
Communications, Inc. (OTC
Pink: ONCI) - On4 Communications (OTC
Pink: ONCI)
today announced its expanded presence in the USA due to increasing
demand for the Company’s premium FMS drive safe App. The Company
also announces the launch of the FMS App on a global scale with CEO
Berman departing for Europe today.
CEO Steve Berman states, “A common denominator
throughout the global driving landscape is the pressure young
driver’s face in remaining focused on the road. At the same time,
insurance companies and auto dealers are recognizing that they need
to invest more in digital transformation initiatives that will help
evolve young drivers to safer standards. We are proud to announce
that our FMS drive safe App is the 1st App in this space
to be distributed on a global basis. We are gaining incredible
traction and we expect to continue signing new vendors on a global
basis to meet the growing demand. It takes approximately 6 months
for full vendor implementation to deduce an accurate “average”
monthly revenue amount per vendor. We are extrapolating an
“average” of $9K in recurring monthly revenue per
vendor.”
“To coincide with our global distribution
launch, the FMS Drive Safe App is also the very first App in this
space to be made available in the following languages; Dutch,
Romanian, German, French, Italian, Russian, Spanish and Slovakian,
with more languages and countries expected to come online over the
coming months as our global distribution endeavors
continue”
“I look forward with a great deal of excitement
to providing several more updates on our global growth over the
coming weeks as additional Auto Dealers and Auto Insurance
companies get signed.” CEO Steve Berman
concludes.
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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