ON4 COMMUNICATIONS ANNOUNCES $360,000 CONTRACT WITH MIDSIZED LONG ISLAND AUTO GROUP.
August 29 2017 - 1:00PM
InvestorsHub NewsWire
ON4 COMMUNICATIONS ANNOUNCES
$360,000 CONTRACT WITH MIDSIZED LONG ISLAND AUTO
GROUP.
New York, NY -- August 29, 2017 -- InvestorsHub
NewsWire -- On4 Communications, Inc. (OTC
Pink: ONCI) is pleased to announce that it has executed a
contract with a mid size dealer group in Long Island New York.
CEO Steve Berman states, We are pleased to announce this
contract with a 5 dealer auto group in Long Island New York with
brands including Toyota, Nissan Chevy, Kia and Ford. This dealer
group will receive units by September 18, and are targeted to sell
20 units per month at $300 per unit and a grand total of $360,000
per year.
We are also pleased to announce that we have signed a 2nd non
binding letter of intent to acquire an additional 7500 sq foot
manufacturing facility in Kuala Lumpur in anticipation of new
contracts and to guarantee we can meet delivery dates and Hardware
projections. We will now have 22,500 sq feet of manufacturing
available. These agreements are non binding for On4 Communications
but are binding for the manufacturing plant and will lock up the
facility for sale for a minimum of 6 months. These acquisitions
will be non dilutive and be financed through a Loan against
receivables.
Technology production will be the 3rd division in our soon to be
6 division Hexagon Holdings Corporation. We will not only be
manufacturing for ourselves but other non affiliated entities as
well. We will be looking for more facilities in Asia, USA and
Europe as opportunities arise. This represents an additional
revenue stream, and announcements on the proposed other 3 divisions
of Hexagon Holdings Corporation to be come shortly.
These plants will be used to also produce hardware for our FMS
Safe Driving APP and our Global Tracking Device as well as other
yet to be named opportunities. CEO Steve Berman Concludes.
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.
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