On4(TM) Communications Initiates Discussions with Investment Banking Firms

SCOTTSDALE, AZ, March 10 /PRNewswire-FirstCall/ - On4(TM) Communications, Inc. ("On4(TM)") (ONCI.OB) is pleased to announce the company has initiated discussions with Investment Banking Firms to provide an integrated execution strategy for accessing Capital Markets and Strategic Acquisition Opportunities.

Due to the efforts of the company over the last two months, On4(TM) is now well-positioned to meet management's aggressive growth targets. As a result, the company has commenced discussions with a select group of domestic and global Investment Banking firms to assist On4(TM) in accessing capital markets. Additional capital is required to not only facilitate the company's projected rapid growth but specifically, to attract and retain key personnel at the senior management level. Further capital will also be allocated for marketing and business development related activities such as the fulfillment of purchase orders, channel sales, partnership development and customer service.

According to Cameron Robb, the President and CEO of On4(TM), "It is a very exciting time at On4(TM). We are working tirelessly to enhance shareholder value and we are making great strides in this direction. As previously announced, we have reduced the overall float of the company's shares by half and we have secured a 5 year licensing relationship with a top-tier global brand. Our next step is to execute on our business plan and bring our advanced LBS products to market."

Another key reason to engage in discussions with domestic and global Investment Banking firms is for strategic acquisition guidance. Mr. Robb went on to say, "The core of On4(TM) 's business plan is to grow revenues both organically and through acquisitions. But, the rapid rate at which the LBS sector is growing necessitates that On4(TM) possess the ability to quickly capitalize on acquisition opportunities and that by having a predetermined acquisition strategy in place, will enhance the company's prospects." He concluded by saying, "As the LBS sector continues to mature, acquisitions could represent a substantive portion of On4(TM)'s growth targets."

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, licensing agreements and acquisitions to develop their LBS solutions and 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.