On4 Communications Inc (OTCMKTS:ONCI) is trading up more than 35% today. ONCI seems to be gearing up for a nice run after they announced a revenue sharing agreement with New America Energy to promote and sell NECAs BestTitleDeal (BTD) app. The company has been on a tear adding numerous deals to its portfolio and things are looking like they are reaching a point of emphasis for ONCI.
Steve Berman, ONCI CEO, commented: “By using our current ad platform on Google, Facebook, and other social media we can deliver leads to title companies. This App is free and makes money by delivering leads to title companies. On 4 will receive 50% of the leads it generates or $12.50 per lead. Based on our current ad platform statistics, we can deliver over 1,000 leads per week generating $12,500 per week for a total of $600,000 a year to start.” Berman who recently co-founded 3DMC, a premier digital multimedia company; and also served as CEO of Stealth Sports and Marketing, a consulting firm specializing in marketing and multimedia solutions to professional sports teams. Prior to working with 3DMC and Stealth, Steve held the positions of Senior Vice President at YES Network the number one regional sports network in the country.
On4 Communications Inc (OTCMKTS:ONCI) promulgates itself as a company that seeks to acquire and/or merge with businesses that present new opportunities and innovative business plans, especially with respect to new technologies.
The Company owns a 49% equity/ownership stake in Family Mobil Safety Marketing, the distributor of a safe driving App and a 49% equity/ownership stake in Digital Media Management & Consulting, a joint venture which implements electronic sell-through and content advertising-supported networks.
According to company materials, “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.”
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In addition to the new deal, Berman has retired 30 million preferred shares as a thank you to shareholders. The shares retired had a conversion ratio of 5000 to 1.
ONCI has been running hard as the Company announces a number of exciting new contracts; in August ONCI was invited by Ford to pitch the FMS distracted driving app at their corporate offices in Dearborn Michigan. The Ford meeting has been in the works since late last year and will take place on September 27, 2017. The Company also met with the Chrysler at the end of August.
In September, ONCI announced it has signed a major new contract with Pennsylvania/New Jersey dealer Group with brands including Jeep,Kia, Chevy, Ford, Alpha Romeo, GM, Hyundi and Nissan.
On4 Communications Inc (OTCMKTS:ONCI) now owns a market cap of $4.52M with 350.17M shares available. This stock is up over 800% since July and needs to be on your watch list, if it is not already. We will be providing updates all this month as the company continues to meet with important players. Sign-up for continuing coverage on shares of $ONCI stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: We hold no position in $ONCI, either long or short, and we have not been compensated for this article.