SCOTTSDALE, AZ, Oct. 7 /PRNewswire-FirstCall/ - On4(TM) Communications, Inc. ("On4(TM)") (OTCBB:ONCI - News), has an agreement in principle with a manufacturer of GPS tracking devices for the Health Care Industry. The parties are working toward an agreement on the final terms and conditions.
"Location Based Services (LBS) technology can provide many benefits to the Health Care industry," said On4(TM)'s President, Gord Jessop. "Apart from the tracking and monitoring of persons with dementia, LBS technology can assist in the timely dispatch of both emergency vehicles and Home Healthcare workers," he further added.
Cameron Robb, On4(TM)'s CEO stated, "GPS technology in the healthcare industry provides benefits to both patients and to the companies which provide the services, so all parties benefit."
Mr. Robb went on to say, "Our focus will be on delivering cost effective solutions to several key consumer segments which have already demonstrated a need for Location Based Services but initial product sales will occur in North America and be focused on the Health Care market."
In the domestic healthcare market alone, there are currently 5.2 million Americans suffering from Alzheimer's with as many as 16 million cases expected by 2050. Wandering, the most life-threatening behavior associated with Alzheimer's, affects roughly 59% of patients and 45% of those cases end in death if the person is not located within 24 hours.
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) is a leading provider of Public Safety, Personal Asset and Healthcare location based asset tracking and monitoring services. The company is currently in the process of designing, developing, and marketing personal LBS devices that are intended to provide tracking and location monitoring for people, animals and property of any other nature. Specific applications may include offender monitoring, elderly, medical, teens and children tracking, public safety officers, executives, cars, tracks, motorcycles, aircraft, boats, personal watercraft, ATVs, equipment, cargo, tools, trailers, electronic equipment, retail goods, and consumer goods in transit.
On4(TM) will utilize numerous technologies, including but not limited to CDMA, GSM, GPS, E911, A-GPS, radio frequency and beacon technology. On4(TM)'s leading 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 real time.
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This press release may contain certain "forward-looking statements" relating to the business of On4(TM) Communications, Inc. (the "Company") and its subsidiaries. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding: the general ability of the Company to achieve its commercial objectives; the business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. Words such as "anticipates," "expects," "plans," "projects," "believes," "seeks," "estimates," and similar expressions are intended to identify such forward-looking statements. The statements are based upon management's current expectations, estimates and projections, are not guarantees of future performance, and are subject to a variety of risks, uncertainties and other factors, some of which are beyond the Company's control and are difficult to predict, including those discussed in the Company's periodic reports that are filed with the SEC and available on its website (http://www.sec.gov). You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Unless legally required, On4(TM) Communications, Inc. undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE On4 Communications, Inc.