On4 Communications, Inc. Board of Directors Agrees

On4 Communications, Inc. Board of Directors Agrees on Plan of Merger and Reorganization


NEW YORK, NEW YORK -- InvestorsHub NewsWire -- On4 Communications, Inc. (OTC.PK: ONCI), a Delaware corporation, announces today that it will begin steps to re-domicile the corporation in Colorado. Colorado will provide an opportunity for a fresh-start in an increasingly utilized jurisdiction for corporate formation and reformation. In addition, Colorado presents unique opportunities in the state’s billion-dollar medical marijuana industry.
ONCI’s CEO Steve Berman states, “I wish to sincerely thank our shareholders for having the patience to bear with us as we finalize plans to make certain structural changes contemplated to improve shareholder value and plan for future growth as our revenue starts to increase. I am excited about planning our move to Colorado and building value for all shareholders.”
The Company plans to announce details of the plans to re-domicile in the coming weeks, as it will soon begin taking the necessary steps towards reformation while certain regulatory implications are vetted. The Company is currently looking for office space in Boulder Colorado, an emerging hub of research and development in the state’s growing tech industry.
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 a rapidly emerging 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.