ON4 Communications, Inc.
Announces UpdateTo Shareholders
December 2018
NEW YORK, NY --
December 17, 2018 -- InvestorsHub NewsWire -- On4
Communications (OTC: ONCI) is
pleased to announce the following corporate update from CEO Steve
Berman:
BUSINESS
"Shareholders,
I am happy to
report another record quarter with Record sales
and record
revenues. The company generated sales
revenues of over $4.551 million during the 12 months
ending
10/31/18 compared
with sales
revenue totaling $1.679 million for the 12 months ending
10/31/17
representing a 171% increase. The company expects
revenue to grow as we open new lines of business and start new
ventures.
We continue our success
with the signing 2 private label companies: one who has been shipped
and continues to sell our product, and the other coming on
line shortly. We will discuss these deals
below. We achieved new milestones
with the signing and shipping
of
AutoNation
and Carmax dealerships
and are in
discussions with other large dealership groups around the
Country. Overall our business is in
a great place as we position the company for continued future
growth."
$REVENUERULES
CANNABIS
On September
14, 2018 the Company announced
that it had signed a letter of intent to purchase 75%
of a
Craft Cannabis called
Sifthouse
BC for a total
consideration of $1million contingent upon Sifthouse
BC obtaining a
license to distribute Cannabis related product in
Canada.
The plan is to
grow highly profitable specialty blends of craft
Cannabis.
"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. As 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. The
company's investment to date is
$100,000."
#LEGALBOOM
#SMDPC
HEXAGON
"I am sorry to keep
having to include this in the
letter but I still get messages from people accusing me of
doing a Reverse
Split.
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."
Berman
adds, "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 we have
discussed, we have 2 private label
deals in place and are working on 2 others as we speak. We have
shipped Pharrel Protection and have had
many meetings with them as they distribute our products to
their clients.
The second
Private Label client is a Blockbuster and they want complete
secrecy as they are still in the process of
creating their ad campaign with will include Print, Radio, TV and
Social Media. They want to break everything together.
I believe that
once their competition sees these ads they will all fall. We also
do not have any exclusivity with this
company and we can sell to anyone just not using the private label
name."
DELAWARE
AND SHARE REDUCTION
"As we have
discussed, I have made a settlement
with Delaware to pay off our debt to them. I will be making this
payment before 12/31/18. As also stated I have
resolved the 2 outstanding share reservations outstanding which
will give us the opportunity to reduce
the amt of
shares."
"Once Delaware is paid off
completely I will send a note to our TA to reduce the OS by 1.4
billion shares. I will also send this out in a report to
shareholders."
"This will also speed up the
move to Colorado, which can now progress as everything is done that
needed to be."
#MOVINGWEST
HEXAGON 6TH
LEG
"As of
today, the 6th leg of hexagon is
complete. We will be starting a new
web based platform called
GIFTCARDEXCHANGE.SHOP."
"We own the name
GIFTCARDEXCHANGE.SHOP. The premise is
simple: we all get gift cars
for birthdays
anniversaries
and other occasions. If you are like me, you get gift cards for
things you could never use or want or in some cases you get an
Amazon card but you want Apple. Now there is a place where you can
go and get what you want. We are not selling new
company gift cards at a discount though that is not out of
the question in the
future."
"You come to the site and
list your card on our site for a fee. Then you can trade your card
for a card that you want. I probably have over 15
gift cards in my desk drawer that
I have
not used and would love to get something else. I will be discussing this
platform in all updates and listing our progress as we move to
complete the last leg of our company."
"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 businesses led by total legalization
in Canada with 10 other countries to follow. We have Private label deals
in place and we are creating new revenue streams.
We are
positioned for the future and will continue to
ride the
wave accordingly
.
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 within 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 INFORMATION
Contact:
On4
Communications, Inc.
On4Company@gmail.com
(323)
487-0389
On4 Communications (PK) (USOTC:ONCI)
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