ON4 COMMUNICATIONS ANNOUNCES $360,000 CONTRACT WITH MIDSIZED LONG ISLAND AUTO GROUP.
New York, NY -- August 29, 2017 -- InvestorsHub NewsWire -- On4 Communications, Inc. (OTC Pink: ONCI) is pleased to announce that it has executed a contract with a mid size dealer group in Long Island New York.
CEO Steve Berman states, We are pleased to announce this contract with a 5 dealer auto group in Long Island New York with brands including Toyota, Nissan Chevy, Kia and Ford. This dealer group will receive units by September 18, and are targeted to sell 20 units per month at $300 per unit and a grand total of $360,000 per year.
We are also pleased to announce that we have signed a 2nd non binding letter of intent to acquire an additional 7500 sq foot manufacturing facility in Kuala Lumpur in anticipation of new contracts and to guarantee we can meet delivery dates and Hardware projections. We will now have 22,500 sq feet of manufacturing available. These agreements are non binding for On4 Communications but are binding for the manufacturing plant and will lock up the facility for sale for a minimum of 6 months. These acquisitions will be non dilutive and be financed through a Loan against receivables.
Technology production will be the 3rd division in our soon to be 6 division Hexagon Holdings Corporation. We will not only be manufacturing for ourselves but other non affiliated entities as well. We will be looking for more facilities in Asia, USA and Europe as opportunities arise. This represents an additional revenue stream, and announcements on the proposed other 3 divisions of Hexagon Holdings Corporation to be come shortly.
These plants will be used to also produce hardware for our FMS Safe Driving APP and our Global Tracking Device as well as other yet to be named opportunities. 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.
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.