ON4 COMMUNICATIONS ANNOUNCES A
73.6% INCREASE IN REVENUE OVER 2ND QUARTER
New York, NY -- September, 115 2017 -- InvestorsHub
NewsWire -- On4 Communications, Inc. (OTC Pink: (OTC
:ONCI)) - On4 Communications (OTC: ONCI) today announced it has
released its financials with a 73.6% increase in revenue over 2nr
Quarter.
CEO Steve Berman states, "We are in the perfect storm of
business, and dealers and manufacturers realize that they need to
put an end to the worldwide epidemic of distracted driving .We are
now in dealerships in over 25 states and have a global presence in
Asia and South America and Europe."
"This is the first time ON 4 communications has an increase in
net income in 5 years, and things look great for the rest of the
year .Our net income has risen to over $300,000."
"Todays meeting with BMW was amazing, and they have asked us to
make some design changes to our basic unit to fit the new European
diagnostics. After we make the changes we will meet in another 60
days to discuss how to implement our product into BMW vehicles
similar to the way we are working with Chrysler Corp today."
"We are also pleased to announce that we have signed a letter of
intent to purchase a 15,000 sq. ft factory in Budapest, Hungary to
satisfy our European contracts. This factory will allow ON 4 to
distribute through out Europe and expand our global presence in the
EU. This acquisition is non dilutive, and will be financed through
a loan against receivables."
"Share reduction will come in 3 stages . I will be reducing more
shares then previously announced. The first stage begins next week
and involves a reduction of preferred shares."
"Additional revenue contracts and updates next week," 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.