VANCOUVER, March 21, 2014 /PRNewswire/ - On4 Communications, Inc. ("On4") (OTCQB: ONCI) would like to announce that it has received approval for the company name change and it will soon take effect. The company is also in the process of launching a new Investor Website.
On4 will now begin to look for additional compatible merger and acquisition opportunities in the wireless and online payment sectors. On4 management believes that the rapid growth of Software for processing payments on the internet has led to a highly fragmented industry and there are merger and acquisition opportunities with companies which have compatible platforms and technologies.
On4 Communications is a development stage company focused on wireless and online payment technologies. On4 is actively looking for acquisitions and merger opportunities within these industries. The Company is a Development Stage Company, as defined by Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 915, Development Stage Entities, and has not yet generated significant revenues from their intended business activities.
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See ON4's filings with the United States Securities and Exchange Commission which may identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
SOURCE On4 Communications, Inc.