ONCI Secures 7 New Vendors and Launches Global Distribution
New York, New York --December 2nd, 2016 -- InvestorsHub NewsWire -- On4 Communications, Inc. (OTC Pink: ONCI) - On4 Communications (OTC Pink: ONCI) today announced its expanded presence in the USA due to increasing demand for the Company’s premium FMS drive safe App. The Company also announces the launch of the FMS App on a global scale with CEO Berman departing for Europe today.
CEO Steve Berman states, “A common denominator throughout the global driving landscape is the pressure young driver’s face in remaining focused on the road. At the same time, insurance companies and auto dealers are recognizing that they need to invest more in digital transformation initiatives that will help evolve young drivers to safer standards. We are proud to announce that our FMS drive safe App is the 1st App in this space to be distributed on a global basis. We are gaining incredible traction and we expect to continue signing new vendors on a global basis to meet the growing demand. It takes approximately 6 months for full vendor implementation to deduce an accurate “average” monthly revenue amount per vendor. We are extrapolating an “average” of $9K in recurring monthly revenue per vendor.”
“To coincide with our global distribution launch, the FMS Drive Safe App is also the very first App in this space to be made available in the following languages; Dutch, Romanian, German, French, Italian, Russian, Spanish and Slovakian, with more languages and countries expected to come online over the coming months as our global distribution endeavors continue”
“I look forward with a great deal of excitement to providing several more updates on our global growth over the coming weeks as additional Auto Dealers and Auto Insurance companies get signed.” CEO Steve Berman concludes.
