ON4
COMMUNICATIONS ANNOUNCES UPDATE TO
SHAREHOLDERS- SEPTEMBER
14,
2018
NEW YORK, NY
-- September 14, 2018 -- InvestorsHub NewsWire
-- On4
Communications (OTC: ONCI) announces
letter to shareholders from CEO Steve Berman as follows:
BUSINESS
Shareholders:
I am happy to
report another record quarter with sales up over 11% from last
quarter. We achieved new milestones
with the signing of AN and C max and more big names to come. We
have started shipping AN and I will be discussing states and
distribution
with C max next
week. To date we have shipped 12 AN stores and
more coming in
the next month .
I am also pleased to announce
that we have made a distribution deal with a company that provides
logistics and software to almost every municipality in the USA
and in
Europe.
They want to create the first
distracted driving network for government fleets of Cars and
Trucks. As soon as our NDA expires and it will be soon I will
announce the name of the company.
#REVENUERULES #SMDPC
CANNABIS
I am pleased to announce that
we have signed a letter of intent to purchase 75% of a
craft Cannabis
company called Sifthouse BC . Sifthouse is a
craft Cannabis company and a new business based in Vancouver. If
you think of craft cannabis like a craft beer
company, they will grow highly
profitable and specialty blends in the way craft
beer, such as montaulk
IPA, does. This business is about
to explode and we are in on the ground floor. It is my expectation
that big tobacco and spirits companies will be in control of this
business going forward and the expectations and potential profits
will be amazing. Terms of financing are being
worked out and will be announced in the next update but we will be
sending Sifthouse a payment of $100,000 within the next few weeks.
As new markets and countries open we will be able to
franchise
our company to every city that makes cannabis legal over the next
few years and I believe craft growers will be the biggest part of
the cannabis boom.
#LEGALBOOM #SMDPC
HEXAGON
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.
So if you don't
understand it, again, there are no plans on the table
to do a reverse split.
If you cant read or
don't understand this, get glasses.
In my
expectation, we will get the Hexagon deal
done and be able to make the move to Colorado shortly.
Nobody is more
frustrated then me about this.
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.
PRIVATE
LABEL
As of today at
3:30pm we have received a
verbal agreement for our first private
label deal. We have been working on this deal for the last 4 months
and after many meetings we got the verbal today. As soon as we have
the docs signed I will announce the company as it is a very big
company and a huge deal for us. I was hoping to
get signatures today but it is not
possible.
We are also working
on two more big private label deals one in Europe and the
other in Turkey. We have made every change they have asked us to
make and we are pushing forward everyday. I am hoping to get
answers ASAP.
SHARE
REDUCTION
AS discussed per
our attorneys I sent a board Resolution to our TA only to find we
have 3 issues to overcome:
1.
we need to settle
with Delaware
2.
we have 2 share
reservation letters one from 2015 and one from 2014. Both of these
companies hold no shares but we have to get revision letters from
them to remove the reservations. I have reached out to both
companies and was hoping to hear back by today.
3.
I have made an
offer to Delaware to reduce the amount and
we believe they will accept. Once these 3 items are complete the
share reduction will take place.
This is totally on
me and I can only take full responsibility for these items but it
will get done and soon.
HEXAGON 6TH LEG
As of
today,
the
6th
leg of hexagon is
complete we have started a new platform for
merchandise to freely trade. We have purchased a variety of domain
names and we are waiting to get financing in place. As soon as that
happens we will announce via a PR all details. I am sure this will
be a GRAND SLAM.
I will discuss the dental and
the beta testing and the OBD development in the next update as we
are moving everything along
#SMDPC
The company is in a great
position to capitalize on new markets. Distracted driving is
an epidemic in the world and is only
getting bigger.
Cannabis is one of the
fastest growing business led by total legalization
in Canada
with 10 other countries to follow.
We are positioned for
the future
and will ride the wave.
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.
CONTACT
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