
SCOTTSDALE, AZ, Feb. 9 /PRNewswire-FirstCall/ - On4(TM) Communications Inc. ("On4(TM)") (ONCI.OB) wishes to clarify its disclosure.
After the cancellation of their shares by Penny Green and Bacchus Entertainment Ltd. on February 3, 2010, the total number of currently issued and outstanding shares of the common capital of On4 is 47,651,046, in accordance with the records of our transfer agent. Our previous disclosure of outstanding number of shares by press release dated Friday, February 5, 2010 was based on the records of OTC:BB, which appear to be in error and shall be updated shortly. Further details are provided in our Form 8-K filed with the Securities and Exchange Commission on February 10, 2010.
About On4(TM)
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) can provide either hardware-only (GSM or CDMA devices) or fully integrated custom solutions, depending on end-user requirements. On4(TM) also looks to leverage its strategic relationships through joint ventures, partnerships and acquisitions to provide market opportunities for emerging technologies in the LBS space.
About PetsMobility(TM)
PetsMobility is a fully owned subsidiary of On4(TM) and offers a wide line of products designed to keep you and your pets connected while ensuring their safety.
About Charity Tunes
Charity Tunes is a fully owned subsidiary of On4(TM) and is North America's first charity-driven digital entertainment distributor, offering music enthusiasts the opportunity to support charitable organizations by downloading their favourite tunes and some of the amount collected from each download to any of a number of partner charities.
Forward-Looking Statements:
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(TM) Communication's filings with the United States Securities and Exchange Commission which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
On4(TM) Communications Inc.
www.on4communications.com
SOURCE On4 Communications, Inc.
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