
On4(TM) Communication focuses efforts and resources on fast growing location based people and asset tracking and monitoring services
SCOTTSDALE, AZ, March 2 /PRNewswire-FirstCall/ - On4(TM) Communications Inc. ("On4(TM)") (ONCI.OB) wishes to redefine its focus and corporate strategy for going forward with its product development and marketing efforts.
On4's strategy is to become a leading provider of Public Safety, Personal Asset and Healthcare location based asset tracking and monitoring services. Currently, the firm is in the process of designing, developing, and marketing personal, people, pet, property, and vehicle location devices to be launched initially in the United States and Canada, then other countries around the world.
These personal LBS devices are intended to locate children, elderly, disabled persons, and pets. Furthermore, they track personal property and are integral to assisting in public safety. On4's cutting 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 addition, On4 has developed an extended network permitting its various products to provide the location information about persons, pets, and assets in a real-time basis.
On4's CEO Cameron Robb states, "We are extremely confident that the time is now to leverage our years of investment into development and research and focus on delivering high quality, cost effective consumer and business grade location based asset tracking and monitoring services during 2010."
We believe our revenues will be based on the following sales and revenue sources:
- Personal locator device sales through the Retail Channel
- Personal locator device sales Direct-to-the-Consumer Channel
- Business locator device sales Direct to the Business Channel
- Personal locator device accessory sales
- On-going, monthly recurring service fees for monitoring and tracking
services
Key elements of On4's LBS strategy include:
- National Brand under which to market LBS services
- A high quality, cost effective solution for consumers and businesses
- A moderate monthly service fee with multiple access points - mobile
phone, laptop, or personal computer
- Rugged design that meets the rigors of an active user
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.
Forward-Looking Statements:
From time to time, information provided by the company or statements made by its employees may contain "forward-looking" information, which involve risks and uncertainties. Any statements in this news release that are not statements of historical fact are forward-looking statements (including, but not limited to, statements concerning the characteristics and growth of the company's market and customers, the company's objectives and plans for future operations and products and the company's expected liquidity and capital resources). Such forward-looking statements are based on a number of assumptions and involve a number of risks and uncertainties, and accordingly, actual results could differ materially. Factors that may cause such differences include, but are not limited to: the continued and future acceptance of the company's products and services; the outcome of the ongoing litigation involving the company; the effectiveness of the company's marketing initiatives; the rate of growth in the industries of the company's customers; the presence of competitors with greater technical, marketing, and financial resources; the company's customers' ability to access the credit markets; the company's ability to promptly and effectively respond to technological change to meet evolving customer needs; capacity and supply constraints or difficulties; the company's ability to successfully expand its operations; and changes in general economic or geopolitical conditions. For a further discussion of these and other significant factors to consider in connection with forward-looking statements concerning the company, reference is made to the company's Annual Report on Form 10-K for the year ended October 31, 2009.
The company undertakes no obligation to release publicly the result of any revision to the forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
SOURCE On4 Communications, Inc.
Share this article