SCOTTSDALE, AZ – April 16, 2010 – (Motor Sports Newswire) – On4(TM) Communications, Inc. (“On4(TM)”) (OTCBB:ONCI – News), a leading provider of Public Safety, Personal Asset and Healthcare related location based tracking and monitoring services announces it is in partnership and distribution discussions with many firms in various segments as a result of securing the exclusive Smith and Wesson Location Based Services Licensing Agreement.
Cameron Robb, President and CEO of On4(TM), said, “I am very pleased that since the agreement was signed, On4(TM) has received many inquiries from firms in different vertical markets.” The exclusive licensing deal enables On4(TM) to provide broad based GPS hardware and software solutions surrounding the tracking, locating and monitoring of people, property and animals.
The timing is ideal for On4(TM) as it allows the company to extend its branded solutions into this technology sector which most industry analysts agree is poised for rapid growth. As such, On4(TM) will provide these solutions to the market in coming months.
Mr. Robb closed by adding, “Internally, we have been surprised by the impact of securing the licensing agreement. The agreement, through On4(TM)’s newly branded division, will transition the company from a development stage company to one with reoccurring revenue in 2010.”
On4(TM) Communications is a globally diversified Location Based Services (LBS) company with offices in Scottsdale, Arizona, in Richmond, British Columbia and representation in China. On4(TM) is a leading provider of Public Safety, Personal Asset and Healthcare location based asset tracking and monitoring services. The company is currently in the process of designing, developing, and marketing personal LBS devices that are intended to provide tracking and location monitoring for people, animals and property of any other nature. Specific applications may include offender monitoring, elderly, medical, teens and children tracking, public safety officers, executives, cars, tracks, motorcycles, aircraft, boats, personal watercraft, ATVs, equipment, cargo, tools, trailers, electronic equipment, retail goods, and consumer goods in transit.
On4(TM) will utilize numerous technologies, including but not limited to CDMA, GSM, GPS, E911, A-GPS, radio frequency and beacon technology. On4(TM)’s leading edge technology leverages global positioning system satellites and wireless technology enabling its network of members to locate anyone or anything to which our device is attached in real time.
Cautionary Statement Relevant To Forward-Looking Information
This press release may contain certain “forward-looking statements” relating to the business of On4(TM) Communications, Inc. (the “Company”) and its subsidiaries. All statements, other than statements of historical fact included herein are “forward-looking statements” including statements regarding: the general ability of the Company to achieve its commercial objectives; the business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. Words such as “anticipates,” “expects,” “plans,” “projects,” “believes,” “seeks,” “estimates,” and similar expressions are intended to identify such forward-looking statements. The statements are based upon management’s current expectations, estimates and projections, are not guarantees of future performance, and are subject to a variety of risks, uncertainties and other factors, some of which are beyond the Company’s control and are difficult to predict, including those discussed in the Company’s periodic reports that are filed with the SEC and available on its website (http://www.sec.gov). You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Unless legally required, On4(TM) Communications, Inc. undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE: ON4 COMMUNICATIONS, INC.