On4(TM) Communications Reaches Agreement in Principle with GSM Device Provider

SCOTTSDALE, AZ, Feb. 24 /PRNewswire-FirstCall/ - On4(TM) Communications, Inc. ("On4(TM)") (ONCI.OB) has an agreement in principle with a manufacturer of GSM based tracking devices. The parties are working toward an agreement on the final terms and conditions.

On4(TM) President and CEO, Cameron Robb said, "Discussions have proceeded much quicker than originally anticipated and we have been able to reach an agreement in principle with one of the parties ahead of schedule. Once finalized, this agreement will enable On4(TM) to offer GSM based LBS tracking devices and provide On4(TM) with the opportunity to access global markets."

While the opportunity to access global markets is exciting, Mr. Robb went on to say, "Initial product sales will occur in North America. Our focus will be on delivering cost effective solutions to several key consumer segments which have already demonstrated a need for LBS protection services; Public Safety, Personal Asset Tracking, Theft, Health Care, Elderly and Children."

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) anticipates the roll-out of live services in the third quarter of 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.

Safe Harbor Statement

Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: The statements in this release relating to completion of the acquisition and the positive direction are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include, but are not limited to, contractual difficulties which may arise, the failure to obtain necessary approvals, the future market price of On4(TM) Communications, Inc.'s common stock and the ability to obtain the necessary financing.

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.

SOURCE On4 Communications, Inc.