On4 Communications Inc (OTCMKTS:ONCI) had a resurgent day and seems to be on the mend after a tough end to 2017. ONCI is a holding company with interesting investments in the mobile app space. The CEO Steve Berman has a track record of success via Time Warner. He decides what companies should be acquired and bought. Berman has invested his time in the mobile app space through healthcare applications and mobile app design.
ONCI has an aggressive focus on acquiring proven and profitable businesses. The company’s first acquisition in the mobile App space is FMS Marketing a global creator and distributor of mobile Apps for Android and iPhones. Recently, ONCI has hooked a nice deal with Garden City Nissan, a gigantic dealership in Long Island, where its BSafe Mobile App will get loaded directly into vehicles. CEO Steve Berman states, “We are pleased to announce this contract with Garden City Nissan and its other dealerships in Long Island, Westchester, and Orange County, NY, including 2 more Nissan dealerships, Ford, and Volvo. Garden City Nissan will be taking 300 units per month and the other 2 Nissan stores will be taking 75 units each per month, with Ford and Volvo taking 50 units each per month for a total of 550 units per month at $250, totaling $137,500 in monthly orders and a yearly total of $1,650,000. Garden City Nissan and the other dealers will receive units mid-February.”
On4 Communications Inc (OTCMKTS:ONCI) trumpets 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, ONCI also inked an international deal in Ireland. The company signed an exclusive distribution contract with Cataclean Corp for all of Great Britain and Ireland for BsafeMobile.
CEO Steve Berman states, “We are pleased to announce that we have signed a contract with Cataclean Corp to represent Bsafe Mobile Bfound Mobile and all other products we create in Great Britain and Ireland. Cataclean sells products to every auto parts store and every auto dealer in Great Britain and Ireland.. Cataclean is also a major sponsor of Motorsport in Europe. This contract is expected to bring in well over $1 million annually.”
“We are also pleased to announce that we have signed a contract with Penn Auto in New York. Penn is one of the highest rated Toyota dealers in New York Penn will take 65 units per month at $250 for a total of $16,250 per month and $195,000 per year.”
“As I have stated before we are in the perfect storm of the business cycle as our brands get more and more recognition. Everything is falling into place for 2018 and we now are truly a global company.”
“Along with additional major updates I will post the Cataclean contract next week,” CEO Steve Berman concludes.
On4 Communications Inc (OTCMKTS:ONCI) now owns a market cap of $21.98M with 350.17M shares available. ONCI seems to be string some solid deal together and they need to be on your radar. 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.