ON4 COMMUNICATIONS ANNOUNCES $360,000 CONTRACT WIT
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Posted On: 08/29/2017 1:10:33 PM
ON4 COMMUNICATIONS ANNOUNCES $360,000 CONTRACT WITH MIDSIZED LONG ISLAND AUTO GROUP.
New York, NY -- August 29, 2017 -- InvestorsHub NewsWire -- On4 Communications, Inc. (OTC Pink: ONCI) is pleased to announce that it has executed a contract with a mid size dealer group in Long Island New York.
CEO Steve Berman states, We are pleased to announce this contract with a 5 dealer auto group in Long Island New York with brands including Toyota, Nissan Chevy, Kia and Ford. This dealer group will receive units by September 18, and are targeted to sell 20 units per month at $300 per unit and a grand total of $360,000 per year.
We are also pleased to announce that we have signed a 2nd non binding letter of intent to acquire an additional 7500 sq foot manufacturing facility in Kuala Lumpur in anticipation of new contracts and to guarantee we can meet delivery dates and Hardware projections. We will now have 22,500 sq feet of manufacturing available. These agreements are non binding for On4 Communications but are binding for the manufacturing plant and will lock up the facility for sale for a minimum of 6 months. These acquisitions will be non dilutive and be financed through a Loan against receivables.
Technology production will be the 3rd division in our soon to be 6 division Hexagon Holdings Corporation. We will not only be manufacturing for ourselves but other non affiliated entities as well. We will be looking for more facilities in Asia, USA and Europe as opportunities arise. This represents an additional revenue stream, and announcements on the proposed other 3 divisions of Hexagon Holdings Corporation to be come shortly.
These plants will be used to also produce hardware for our FMS Safe Driving APP and our Global Tracking Device as well as other yet to be named opportunities. CEO Steve Berman Concludes.
New York, NY -- August 29, 2017 -- InvestorsHub NewsWire -- On4 Communications, Inc. (OTC Pink: ONCI) is pleased to announce that it has executed a contract with a mid size dealer group in Long Island New York.
CEO Steve Berman states, We are pleased to announce this contract with a 5 dealer auto group in Long Island New York with brands including Toyota, Nissan Chevy, Kia and Ford. This dealer group will receive units by September 18, and are targeted to sell 20 units per month at $300 per unit and a grand total of $360,000 per year.
We are also pleased to announce that we have signed a 2nd non binding letter of intent to acquire an additional 7500 sq foot manufacturing facility in Kuala Lumpur in anticipation of new contracts and to guarantee we can meet delivery dates and Hardware projections. We will now have 22,500 sq feet of manufacturing available. These agreements are non binding for On4 Communications but are binding for the manufacturing plant and will lock up the facility for sale for a minimum of 6 months. These acquisitions will be non dilutive and be financed through a Loan against receivables.
Technology production will be the 3rd division in our soon to be 6 division Hexagon Holdings Corporation. We will not only be manufacturing for ourselves but other non affiliated entities as well. We will be looking for more facilities in Asia, USA and Europe as opportunities arise. This represents an additional revenue stream, and announcements on the proposed other 3 divisions of Hexagon Holdings Corporation to be come shortly.
These plants will be used to also produce hardware for our FMS Safe Driving APP and our Global Tracking Device as well as other yet to be named opportunities. CEO Steve Berman Concludes.
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