ON4 COMMUNICATIONS SIGNS CONTRACT WITH 250 DEALER EXTENDED WARRANTY COMPANY
New York, NY -- September 22, 2017-- InvestorsHub NewsWire -- On4 Communications (OTC: ONCI) announces today that it has signed a contract with a 250 Dealer Extended Warranty Company in New York. The Contract is 200 units per month to start, at $200 per unit with option for an additional 500 units.
ON4 Communications CEO Steve Berman states, "They sell extended warranties including dent and ding as well as tire and wheel to 250 dealerships. This allows ON4 Communications to sign 250 dealerships immediately without having to visit each one individually."
"In addition, I am retiring 30 million preferred shares: 15 million today and 15 million in 30 days. These are my own shares and I am retiring them as a Thank You to shareholders. These are voting/control shares with a conversion ratio of 5000:1 common."
"We are also pleased to announce we have signed an additional JV with NECA Corp to create 3 additional apps for the auto insurance, safety and warranty business. We will use NECAs team to develop the apps and ON4s marketing team to sell the apps via SEO and target marketing. These apps will go BETA in January 2018 and rollout is expected June 2018."
"Further updates on San Antonio and Michigan as well as more revenue contracts to announce next week," 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.