NEW YORK, June 15, 2018 (GLOBE NEWSWIRE) — via OTC PR WIRE– On4 Communications, Inc. (OTCPINK:ONCI) is pleased to release the following letter to shareholders from CEO Steve Berman:
I’m happy to start this update off by saying we reported record revenue of $1,073,000 for the quarter ending April 30, 2018 vs $307,754 in the same quarter last year and an increase over last quarter revenue. We have signed huge deals last quarter and our growth continues to rise as demand for our products increase dramatically.
I am pleased to say that we signed the largest dealership group in the USA, AutoNation, and we are starting to implement sales to those dealerships. We also signed Carmax and will be rolling out in those stores as fast as possible. In signing those two auto giants we now have entry to every auto group in the USA. I am also pleased that we signed many dealerships in New England, Tri State NY, Florida, Midwest, Mid Atlantic, and West Coast. Our rep network of outside sales people has proved to be nothing short of amazing.
I am also pleased to let you know that we have made major progress with insurance companies both in the US and Europe. Insurance companies are the golden goose because they have so many policies in effect. The fact that they can save money by offering Bsafe to their policyholders is very appealing to them. It also provides great branding for them to promote the fact that they can save lives.
As I stated in the last update, we have contracts out for fleetsafer with various size companies and are looking to close soon. We are also very close to closing our private label products with 3 different companies.
As I stated, the Necca app was approved by both Google Play and Apple and we will be meeting with our agency to create ads which will break sometime in August or September.
Much more to come.
We have decided which company in Canada we would like to be with and we will be having a conference call with the Vancouver based co to discuss plans within 2 weeks. The market has become so hot that many of the companies are increasing their land holdings and the cost for good growing land has shot through the roof.
I will be traveling to Vancouver in July.
As I have stated we are still waiting for the name change and re domicile to be approved. That being said, if it does not occur by July 4th, I will be reducing the OS by the stated 1.4 billion and will reduce the AS when the approval to Hexagon occurs. YES THAT’S RIGHT YOU HEARD IT CORRECT, IF THE CHANGE DOES NOT OCCUR BY JULY 4 I WILL REDUCE THE OS BY 1.4 BILLION SHARES.
I believe that Hexagon will provide major value for all our share holders.
I have been in contact with a major urgent care provider in the NY tri state area to lease space from them in their facilities for a 24 hour on call dental service.
We have also received a proposal from a mobile dentistry maker that includes x-ray instruments, chair and all aspects of a mobile dentistry unit.
We will be using these products to set up a unit which provides mobile dentistry for assisted living and elder care facilities.
Once we are active in the facilities we can expand to podiatry and other health needs. Anyone with an elder parent knows that the first thing to go when you get older are teeth and feet.
I am hoping to be in this field within the next 3 to 4 months providing the company with an additional revenues stream in a growing and exciting business.
I will be traveling to Pennsylvania next week to discuss plans with a new partner to create the 6th arm of Hexagon. Once a deal is in place I will be making an announcement as to what that new business will be.
The company is in great shape as we continue to close deals and increase revenue. AutoNation and Carmax is a huge event for us and will increase revenue three fold in the future.
In addition we are looking at ways to unlock shareholder value in every way as we open new opportunities and look to capitalize at every turn.
In the next update we will concentrate on our foreign business especially Europe, Dubai, Turkey and Asia.
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.
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