ON4 COMMUNICATIONS IS ACQUIRING ITS 51 PERCENT PARTNER IN THE
FMS SAFE DRIVING APP AND ANNOUNCES A $450,000 DEAL WITH A 10 DEALER
GROUP IN ARIZONA
NEW YORK, NY -- September 1, 2017 -- InvestorsHub NewsWre
-- On4 Communications (OTC:
ONCI) today announced it is acquiring its 51% partner in the
FMS Safe Driving APP.
CEO Steve Berman states, "The price is 3,500,000 USD and will be
paid in 6 installments over the next 6 months. This will be
financed by a loan against receivables and will not be dilutive to
the company. Our partner also owns a fleet business which adds
another sector to our holdings and is an established business in
itself.
All NDAs expire next Friday at which time we will announce the
name of the acquired partner as well as the apps currently being
sold and beta tested
This acquisition allows us to reduce costs dramatically and
develop our apps more profitably.
In addition we have signed a $450,000 contract with a 10 dealer
group in Arizona at 150 units per month and $250 per unit .
We have officially obtained the stamp for Hexagon Holdings
Corporation on our application with the Colorado Secretary of
State, and our SEC attorney in California can now file with FINRA
today.
I met with Chrysler Corporation Yesterday and they asked us to
make some specific changes to our software. I spoke with our
developers and this change will happen within 30 days. After the
change we will set up a follow up meeting and determine how to
implement our FMS safe driving APP into Chrysler vehicles."
Both meetings with the offices of the Mayor of San Antonio and
the Governor of Michigan have been postponed and will be
re-scheduled after their involvement in the clean up and rescue in
Houston is complete. 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.