NEW YORK, NY / ACCESSWIRE / September 08, 2017 / On4 Communications, Inc. (OTC PINK:ONCI) announces today it has signed a major new contract with a California dealership with brands including Mercedes, BMW, Chevy, Ford, Audi, Kia, Hyundai, and Subaru.
CEO Steve Berman states, "This contract is for 25 dealerships in Los Angeles and Orange County, California. Each dealership will take 20 units per month at $200 a unit which is $100,000 per month and $1.2 million per year. The units will be delivered October 1, 2017."
"We are also excited to announce the name of our FMS safe driving app, our global tracking device, and our apps currently in beta testing. The FMS safe driving app BSAFE MOBILE protects the driver from the dangers of distracted driving. BSAFE MOBILE is currently selling at $250 per unit. The FMS global tracking device- B FOUND MOBILE tracks vehicles anywhere even under 5 feet of concrete. Pre-sales have been ordered at $250 per unit.
The first app in beta testing is OKGOLFER. This app tells the player what club to hit based on their handicap and speeds up the game by 2 hours. We are expected to bring to market at $100 per unit. The second app in beta testing is GOLF GAMBLER, a gambling app that lets golfers gamble on their round. This APP is free, our income varies and is paid after each round is complete.
Yet to be named is an alcohol tracking sensor similar to a breathalyzer. This app will be released to market at $150 per unit. On4 Communications is also working on a car seat monitoring sensor designed to monitor car temperature and determine whether a car seat is occupied. This will come to market at $150 per unit."
Berman adds, "We bought out our 51 percent partner COGOSENSE LLC based out of Vancouver BC. The acquisition includes FLEET SAFER which generated over 1 million in sales last year."
"Our September 6 meeting with Enterprise Rent A Car was postponed due to Hurricane Harvey and is rescheduled for September 28th. Enterprise is sending 10,000 vehicles to Houston to assist in the cleanup efforts. Google Brazil sales have begun and now average 25 units per day. Next week, our 2nd quarter financials will be released on time by the September 15 due date. Also, expect to announce additional revenue contracts."
About On4 Communications
On4 is a holdings company with an aggressive focus on 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 a 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.
SOURCE: On4 Communications, Inc.
