NEW YORK, March 23, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- On4 Communications, Inc. (OTCPINK:ONCI) CEO Steve Berman releases the following letter to shareholders today:
March looks like it will be another record month as our new dealerships keep adding inventory and selling more product every week. Every day we close new deals and most important we are closing them in states where we just entered.
This week we have closed deals in Georgia, Mass, Wisc, NH, Florida, VT, and are close to deals in OR, MD, VA and PA, and I expect to be announcing more deals every week as we continue to expand our foot print all across the USA. We also have many contracts out with Fleetsafer and expect to close them shortly.
We are close to a deal with a Turkish Insurance company and we made them an amazing offer on Tuesday. We will hear from Dubai Taxi and await their test report. In regards to inventory we will have enough to handle any and all deals that will come up and still have reserve left over. Our new streamlined process allows us to not only cut costs but cut time from beginning to end by over 20 minutes.
Much more to come in the following weeks.
Everyday I’m more convinced that if you want to invest in the pot business, Canada is the place to be. As of today, we have cut our target list down to 4 potential companies. The problem always is a License. Canada is only issuing so many of these and there are more companies applying every day. Most of the companies will tell you that they have a license when in fact they have applied for one but don’t actually have it yet. The 4 companies we are looking at are based in Vancouver, Sask, Quebec and Ontario, respectively. One is a grower that has land and is currently growing another product and can convert to pot in 30 days. They already have the land and the equipment; all they need is the seed. They also have options on surrounding land which makes this very valuable. The second Company is a lighting manufacturer that creates lighting to help grow indoors at a faster clip. The third is a new concept that I am not at liberty to discuss. The fourth company is a seed importer and exporter and has operations in Europe and Canada. All are very interesting and demand is very high for all these types of companies. We will see where the chips will fall. I will continue to update as things progress.
I’m more convinced of 2 things! Urgent Care Dental is a Home Run and single freestanding stores are not the way to approach this concept. I have reached out to some of the Urgent Care Players in the New York area looking to do a joint Venture combining Urgent Care Medical along with Urgent care Dental to make it a total Urgent Care facility. I will hopefully be meeting with some of these companies in the upcoming months to discuss this opportunity. As health care insurance becomes more expensive, many families are cutting out their Dental insurance and are going to the dentist less unless it's an emergency and paying the full fare out of their pocket. It’s a risk but some families can’t afford the extra money to have dental insurance. The more I read about the future of health care insurance, the more I believe this is a winner. All you have to do is look in almost any strip mall; there are urgent care stores popping up everywhere. I will update as we move forward.
As I have said many times: I, as well as my Lawyer, believe that we are very close to becoming Hexagon and the name change going through and being approved.
As I have stated many times, once Hexagon is approved the share re structure will occur the AS will drop by 1 billion shares and the OS will drop by 1.4 billion shares.
LET ME SAY THIS AGAIN: THERE WILL BE NO REVERSE SPLIT. IT HAS NOT EVEN BEEN DISCUSSED BY MY TEAM AND THERE ARE NO PLANS TO DO THIS.
As can be seen we reduced our debt considerably and the plan is to reduce our remaining debt more as we move into Hexagon.
LET ME SAY THIS IN CAPS: THERE ARE NO PLANS TO DO ANOTHER 3A1O. THE FIRST ONE SHOULD BE DONE EITHER TODAY OR MONDAY AND THAT’S IT.
I believe that Hexagon will provide major value for all our shareholders.
I will be sending out these updates every month and will talk about the state of the company including where the audit stands as I get more information.
I believe these updates are better than a release on every deal we get and are helpful and will give investors an idea of where the company is headed.
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