On4
Communications, Inc. Announces Update To Shareholders February
2019
New
York -- February 8, 2019 -- On4 Communications (OTCPINK:
ONCI) is
pleased to announce the following corporate update from CEO Steve
Berman:
BUSINESS
Shareholders,
I am
happy to report that we
have reduced the OS of On4 Communications by 1.4 billion shares.
For the 12 months ending Oct 15 2018, we reported an OS of
4,505,705 518. The new OS is now 3,105,705,518. In
addition, we are working with
the past CEO to retire the 30 million preferred shares that are on
the books. I expect this will be done within the next week or so.
These shares are issued in his name and cannot be retired unless
certain criteria
is
met. The
shares can never be converted to common but I want them off the
books.
GIFTCARDEXCHANGE.SHOP
As we have
discussed giftcardexchange.shop
is moving
very quickly. We have met with the web designers and have the
beginnings of a platform. I have also met with 2 large
NY
department stores as
well as 2 health and beauty stores about buying gift cards at a
big discount to populate the site. I will also be
populating the site with $3,500 worth of gift
cards that I have
personally that I
have never used. These include gift
cards to Sephora ,
Dicks sporting goods,
Ruby Tuesday, Target, Fridays, and a host of others. I am hoping we
will be up and running by the end of July. If any of you want to
sell your cards that you are not using pls
e-mail me
at On4company@gmail.com
DENTAL
We have not discussed
this in a while but it is still on the table.
I have reached out to
3 large urgent care companies about renting space in
their
centers
and becoming their
dental
provider. I was told by one urgent care provider that 25 percent of
all urgent care walk ins
are
dental related. The only thing the doctor can do is give the
patient a motrin
and send
them home. I still believe that this is a big opportunity and a
huge profit center for the company.
PHARREL
PROTECTION
We
are
currently in the first week of a 3 week test with one of the
largest roofing companies in the USA and Canada. This company has
over 1200 light trucks and vehicles. We have added many new
features for this test including hard braking
and fast
turns, which only makes our
distracted driving product that much better.
Through
Pharrel,
we are in
contact with large machinery companies including Cat and Deere as
well as large mining companies including
Rio
Tinto, Bhp
and Vale
for our Bfound mobile product
and I believe we will be testing very shortly. The heavy truck
business is a huge opportunity and we are moving forward everyday.
This is an untapped market and we are the first to be
there.
2ND PRIVATE
LABEL
The
2nd private label is very
close to being done. I spoke to the company yesterday and the ads
are still not approved. I am hoping they will be done next week and
I can announce the deal. I can tell you the
details of the deal.
We are
dealing with one
of the
largest dealer groups on the east coast with over 60 dealerships.
The deal is 20 units in each dealership to start at $200 net to
us, or $240,000 per
month. This will roll out over a month. At present we have shipped
30 dealerships with the rest to be done in the next 2 to three
weeks. They don't want to release until the ads hit the market.
This will be the
largest
deal we have done and I believe it
will add
major revenue to the bottom line. In
addition, we are in talks
with three
other
companies regarding private label opportunities; two
in Europe
and one here in the USA
SIFTHOUSE
On September
14, 2018 the Company
announced that it had signed a letter of intent to purchase
75% of a Craft
Cannabis
called Sifthouse
BC for a
total consideration of $1million contingent upon
Sifthouse
BC
obtaining a license to distribute Cannabis related product
in Canada.
The plan
is to grow highly profitable specialty blends of craft
Cannabis.
This
business
is about to explode and we are in on the ground floor. It is my
expectation that big tobacco and spirits companies will be in
control of this business going forward and the expectations and
potential profits will be amazing. As
markets
and countries open, we will be able to
franchise our company to every city that makes cannabis legal over
the next few years and I believe craft growers will be the biggest
part of the cannabis boom. The company's
investment to date is
$100,000.
As
we speak
we are in talks
to lease
10,000 square feet of space in Vancouver by the
river. This business has
taken off and companies are making money hand over fist.
I believe the biggest
part of this business will be craft Cannabis
.
HEXAGON
I am sorry to keep
having to include this in
the letter but I still get messages from people accusing me
of doing a Reverse
Split.
"ALL CAPS DEEMED
NECESSARY HERE: LET ME SAY
THIS AGAIN, AGAIN, AGAIN and
AGAIN: THERE WILL BE NO REVERSE SPLIT." "LET ME SAY THIS
AGAIN AS WELL: THERE ARE NO PLANS TO DO ANOTHER 3A1O"
So if you
don't understand it, again,
there are
no plans on the table to do a reverse split.
- The
company is in a great position to capitalize on new
markets.
- Distracted driving is
an epidemic in the world and
is only getting bigger.
- Cannabis is one of
the fastest growing business
led by
total legalization in Canada with 10 other countries to
follow.
- We
have Private label deals in place and we are creating new revenue
streams.
- We
are positioned for the future and will ride the wave.
- We
are now branching out from our original model for the
company, which was to sell
in car dealerships and moving into global reach in all
areas.
- I am
very excited for our continued growth in all aspects of our
company.
- We
have a very bright future
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 within 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.
CONTACT
INFORMATION
Contact:
On4
Communications, Inc.
On4Company@gmail.com
(323)
487-0389
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