ONCI moving to Colorado to set up MJ acquisition...
On4 Communications, Inc. Board of Directors Agrees on Plan of Merger and Reorganization
NEW YORK, NEW YORK -- InvestorsHub NewsWire -- On4 Communications, Inc. (OTC.PK: ONCI), a Delaware corporation, announces today that it will begin steps to re-domicile the corporation in Colorado. Colorado will provide an opportunity for a fresh-start in an increasingly utilized jurisdiction for corporate formation and reformation. In addition, Colorado presents unique opportunities in the state’s billion-dollar medical marijuana industry.
ONCI’s CEO Steve Berman states, “I wish to sincerely thank our shareholders for having the patience to bear with us as we finalize plans to make certain structural changes contemplated to improve shareholder value and plan for future growth as our revenue starts to increase. I am excited about planning our move to Colorado and building value for all shareholders.”
The Company plans to announce details of the plans to re-domicile in the coming weeks, as it will soon begin taking the necessary steps towards reformation while certain regulatory implications are vetted. The Company is currently looking for office space in Boulder Colorado, an emerging hub of research and development in the state’s growing tech industry.
