On4 Communications Inc (ONCI)

[wrenchman]

ON4 COMMUNICATIONS ANNOUNCES A NEW 2000 UNIT $400,000 CONTRACT FOR FEBRUARY DELIVERY!

$ONCI #NASCAR $ONCI


https://ih.advfn.com/p.php?pid=nmona&article=76035004

New York, NY -- November 7, 2017 -- InvestorsHub NewsWire -- On4 Communications, Inc. (OTC :ONCI) is pleased to announce that it has executed a 2000 unit contract with a large European Taxi Company.

CEO Steve Berman states, "We are pleased to announce this contract with a major European Taxi Service with locations in Czech Republic, Hungary and Romania. They will be taking 500 units per month for 4 months beginning February 2018. Each unit is $200 totaling $100,000 per month and a grand total of $400,000 ."

"We are also pleased to announce that we have signed a contract with former NASCAR team owner Bill Jenkins. Bill will be a consultant to the company. Bill has a vast marketing background and will be a major asset to the company.

"In addition, we have secured 12 major meetings at the Dubai Auto Show starting Nov 14 with major clients including:


1.      Taxi Watani

2.      Careem (Uber for Middle East)

3.      Tammimi Transport

4.      Al Naghi Group

5.      Key Rent a car

6.      Muhaidib Group - Integrated Transport Co

7.      Ministry of Transport Saudi

8.      RTA Dubai

9.      Al Futtaim (major auto distributor)

10.  Al Jomaih (GM distributor)

11.  Juffali (Mercedes Saudi)

12.  SAPTCo (Bus company)

 

"All clients will be testing units prior to our meetings next week. We will also be meeting with other major companies in the Middle East to discuss their distracted driving needs. These meetings are huge and represent a large cross section of both consumer and commercial groups."

"Last 10 days I was in Kuala Lumpur meeting with 4 Cellular telephone companies and securing our first Asian factory deal. Closing is expected in February 2018. We expect to re-tool the facility in the next couple of months and will be able to produce an additional 4000 units per month. We have a letter of intent for the next 3000 sq ft facility to come online mid 2018."

"Please also note that all questions for the conference call on Friday can be sent to [e-mail] and we will answer as many of them as we can on the call."

"Meeting with Lawyers all day today to finalize exciting new revenue contracts and global opportunities." CEO Steve Berman concludes.