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
