On4 Communications CEO Issues Letter to Shareholders Including Updates on Current Operations, Reduction of A/S and O/S
Date :
05/01/2018 @ 9:45AM
Source :
InvestorsHub NewsWire
Stock :
On4 Communications, Inc. (PC) (ONCI)
Quote :
0.0034 0.0 (0.00%) @ 9:53AM
On4 Communications CEO Issues Letter to Shareholders Including Updates on Current Operations, Reduction of A/S and O/S
Alert
On4 Communications CEO Issues Letter to Shareholders Including Updates on Current Operations, Cannabis, Hexagon and Reduction of Authorized and Outstanding Shares.
Company finalizes deals with 3 of the Top 20 Dealership Groups in America
New York, NY -- May 01, 2018 -- InvestorsHub NewsWire -- On4 Communications, Inc. (OTC:ONCI) is pleased to release the following letter to shareholders from CEO Steve Berman:
BUSINESS
"Shareholders, I'm happy to start this update off by saying last week was a perfect trifecta. We closed 3 huge deals with 3 of the top 20 dealership groups in the USA with over 500 dealerships total. This is the best news I can report. I would like to give the names but I can't risk the same 4 people harassing them on a constant basis."
"This was the biggest deal we have ever done and after months of work we finally hit the jackpot. We will be rolling out slowly and not all dealerships will participate at once. These groups have stores in just about every state across the country. I will be travelling to the corporate headquarters of these 3 groups next week to discuss all aspects of the deal including inventory allocation, shipping, training and implementation."
"These deals put us on the map as a big player in this field. We continue to surpass all estimates as we open big dealerships all through the east coast from Maine to Florida. As I stated in the last update we have contracts for Fleetsafer with various size companies and are looking to close soon."
"The company has also broken through the door at various Insurance companies, both here and abroad, and have in some cases proposals out to some of these entities. We are also in the process of setting up private label deals as we have created 3 new versions of our product with slight variances."
"Einstein is back in Dubai for the last meeting with Dubai Taxi as we have made all the changes they requested and we are looking to move forward with an order.
Inventory remains constant and we are increasing capacity everyday."
"As well, the Neca app has been approved by both Apple and Google and looks great. We will be discussing implementation over the next 2 weeks- Love it!"
"Much more to come in the following weeks."
#WORLDWIDE #REVENUERULES
CANNABIS
"Friday, I received the final plans for 2 of the Cannabis companies we spoke about in the last update. I will be travelling to Canada within the next 3 weeks to discuss the possibility of final implementation. I believe the potential revenue here is tremendous and I'm hoping to make a decision shortly. As I have said many times I believe Canada is the place to be for Cannabis."
HEXAGON
I had a long conversation with my lawyer today and he believes we are very close to Hexagon being approved. As I have stated many times, once Hexagon is approved the share restructure will occur: The Authorized Shares will be reduced by 1 billion shares and the Outstanding Shares will be reduced by 1.4 billion shares."
"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"
"I believe that Hexagon will provide major value for all our share holders."
#REVENUERULES #NOTHINGELSEBUTREVENUEMATTERS
"I HAVE ALSO BEEN IN DISCUSSIONS WITH A VERY EXCITING COMPANY RE THE 6TH ARM OF HEXAGON WHICH I WILL DISCUSS IN THE NEXT UPDATE."
"The company is in great shape as we continue to close deals and increase revenue. Closing the 3 huge dealer groups is a blockbuster event and will increase revenue three fold in the future."
"In addition, we are looking at ways to unlock shareholder value in everyway as we open new opportunities and look to capitalize at every turn."
"I could talk forever about ONCI but I will save Items for the next update."
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.
Steve Berman CEO
On4Company@gmail.com
(323) 487-0389
