On4 Communications, Inc. Secures New Counsel to Implement Strategic Corporate Developments

Date : 03/27/2017 @ 10:06AM
Source :InvestorsHub NewsWire
Stock : On4 Communications, Inc. (PC) (ONCI)
Quote : 0.0019  -0.0002 (-9.52%) @ 3:21PM

On4 Communications, Inc. Secures New Counsel to Implement Strategic Corporate Developments

                                                                                        

NEW YORK, NY - March 27, 2017 - InvestorsHub NewsWire - On4 Communications, Inc. (OTC.PK: ONCI), a Delaware corporation, announces today that it has retained John E. Dolkart, Jr., Esq. and the Law Offices of John E. Dolkart, Jr., Esq. as securities counsel to The Company.

Part of Mr. Dolkarts work will be in handling the Companys re-domicile in the state of Colorado. Colorado is an emerging jurisdiction for corporate domiciles due to the ease of use of the Secretary of States website and certain state laws which enable such a procedure. ONCIs pending Authorized Share and Outstanding Share reductions will take place as soon as The Company is re-domiciled at Colorado SOS and supplemental filings will be posted on OTC Markets reflecting that these reductions have legally taken place.

The Company will soon be forming a new entity in Colorado and announcing a plan of merger between the new company and the current Delaware corporation. The Company expects all of this work to be completed in the next 30 days and plans to issue a press release upon the formation of the new entity updating shareholders at that time.

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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