$ONCI,,, This is for real and it ain't smoke and m
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Posted On: 09/15/2017 7:06:27 PM
$ONCI,,, This is for real and it ain't smoke and mirrors. This CEO is killing it for shareholders.
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.
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.
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'Everything works out in the end,,,If it hasn't worked out,,it's not the end'
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