On4 Communications Inc (ONCI)

[reader3]

Oct. 18 PR, 5th Paragraph.

http://www.otcmarkets.com/stock/ONCI/news/On4-Communications-Announces-Second-Meeting-With-QVC-and-Pilot-Order-With-a-Large-Middle-Eastern-Taxi-Company?id=172718&b=y

"We are pleased to announce the removal of $1.8M in Long Term Debt. We settled this debt for 33 cents on the dollar. Our move to Colorado will show no long-term debt on our books. This was the last important step in our debt removal plan. Our increased revenues have all been reinvested in the company to be able to grow as fast as we have been. The reason this was so important to accomplish was the interest on the debt was a huge burden to our operations."