On November 4th, 2016: The Company acquired a 49% equity/ownership stake in Family Mobil Safety ("FMS") Marketing, the distributor of a safe driving App. Under terms of the deal, FMS and their global distribution network of the drive safe app will remain fully operational and continue as a standalone brand. The FMS revolutionary safe driving app has begun to generate significant recurring monthly revenues as organic traction amongst auto dealerships and auto insurance companies continues to grow.
The FMS safe driving app is intedned to do a number of things to keep your attention on the road while you're driving and not on your smart phone. As soon as the FMS app detects that the vehicles wheels are in motion the App is programmed to automatically shut down all voice and social media communication ability for safe, distraction-free driving.
- 24/7 Real Time GPS Location Tracking
- Automated Events
- Breadcrumb Mapping
- Direct TMS Integration
On January 24th, 2017: The Company announced that it has secured 8 new Auto Dealer Vendors in Florida Sate for the Company's premium FMS Drive Safe App.
On March 28th, 2017: The Company announced that FMS Marketing had been selected as 1 of 5 Vendor Finalists to present the FMS Drive Safe App to two leading Asian auto manufacturers headquartered in South Korea. Both auto manufacturers are seeking distracted driving solutions for their Asian customers at the manufacturer level. In addition, the FMS Drive Safe App was presented to three large Japanese based auto insurers and then to Jakarta Indonesia to two large auto dealer groups based in Jakarta, Indonesia.
On April 19th, 2017: The Company announced that FMS Marketing has received a $100,000 order for their FMS Drive Safe App from one of the leading Asian auto manufacturers based in South Korea and Japan. The contract award is for a four month pilot project, with initial installations scheduled to begin immediately.
On April 26th, 2017: The Company announced that FMS Marketing had secured a key contract from one of the leading Asian auto manufacturers headquartered in Japan and South Korea. The contract begins immediately and deploys the FMS Drive Safe App to 2,500 Asian Dealer Network Groups in the following 7 countries: Indonesia, Malaysia, Viet Nam, Philippines, Singapore, South Korea and Japan. The contract award also calls for an increased roll out over the next 6 months to an additional 1,000 Dealer Network Groups.
On June 26th 2017: The Company announced that it had signed a deal with a leading auto dealer representing Nissan, Toyota, GM, Ford, Land Rover, Kia and Hyundai in South America. In addition, the Company has converted the FMS drive Safe APP into Spanish and Portuguese. The South American group has purchased 750 units at $200 each for a total purchase order of $150,000 and there are another 750 units on hold.}
On July 25th, 2017: The Company announced it had reached an agreement with one of the largest extended warranty companies in Brazil servicing over 300 auto dealers in 5 Brazilian cities. In addition, the FMS drive safe app will be a featured product on their web site. The extended warranty company has purchased 1000 units at $175 each for a total purchase order of $175,000 and there are another 1,000 units on hold.
On July 27th, 2017: The Company announced it had reached an agreement with a large South Florida law firm representing over 500 auto dealers for the distribution of the FMS App.
On August 1st, 2017: The Company announced it had entered into a marketing agreement for the FMS App. With one of the largest worldwide online shopping sites with access to over 50 million customers. The company expects to be placed on the platform's home page, with access to all its top members and will be involved in e-mail blasts and other major sales opportunities.
On August 3rd, 2017: The Company announced its expanded presence in the Global Marketplace by signing a deal for its FMS Safe Driving APP with Assurant Argentina, which will be expanding into Chile, Peru and Columbia within the next year. They have purchased 500 units to start at $200 for a total of $100,000 with another 500 units on hold.
Also on August 3rd, 2017: The Company announced it has been invited by FORD MOTOR COMPANY to pitch the FMS distracted driving app at their corporate offices in Dearborn, Michigan.
On August 8th, 2017: The Company announced it has been invited t opresent its FMS safe driving app to the CHRYSLER CORPORATION.
August 10th, 2017: The Company Announced an invitation to pitch the FMS Safe Driving App to the Michigan Governor's Office in Lansing Michigan.
On August 11th, 2017: The Company announced it has executed a contract with Google Brazil. With this, the Company expects to earn approximately $600,000 from this deal in Brazil over the course of the next 12 months, followed similar deals with Google in Argentina, Peru, Chile, Columbia, Paraguay, and Venezuela. Creating a revenue stream in excess of $1 million per year. The Company's goal is to create a multi-revenue stream platform including business to business, business to consumer, and direct marketing sales.
On August 15th, 2017: The Company announced it has been invited to present its FMS Safe Driving App to Ford Fleet Services in California. Ford Fleet Services sells to a group of large corporations a selection of multi-use vehicles. Including Sedans, SUV's and Vans. They sell over 3 million cars per year.
On August 21st, 2017: The Company announced that it had been invited by General Motors to their corporate offices in Detroit, Michigan to discuss distracted driving opportunities and how to implement its FMS Safe Driving App.
The Company also announced that it has executed a contract with a large Mid Atlantic dealer group with locations in Virginia, Maryland, Delaware, and Washington DC. At first, 12 dealers will participate each generating revenue of $36,000 per month and more than $432,000 per year.
On August 24th, 2017: The company announced that is has begun negotiations for the Ford Fleet Services. Ford Fleet services has asked us to place 1,000 units on reserve as they have a large Mid-Western Utility Company who has expressed interest in not only the FMS Safe Driving App but also our Global Tracking Device. In addition th eCompany has executed a non-binding letter of intent to purchase a 15,000 square foot factory in Kuala Lumpur to fulfill our anticipated upcoming orders.
On August 29th, 2017: The Company announced thatit has executed a contract with a mid-size dealer group in Long Island, New York with brands including Toyota, Nissan Chevy, Kia and Ford. This dealer group will receive units by September 18th, 2017 and are targeted to sell 20 units per month at $300 per unit - for a grand total of $360,000 per year. In addition, the Company also announced that it has signed a 2nd non-binding letter of intent to acquire an additional 7,500 square foot manufacturing facility in Kuala Lumpur to increase its manufacturing facilities to 22,500 square feet. These agreements are non-binding for On4 Communications but are binding for the manufacturing plant and will lock up the facility for sale to the Company for a minimum of 6 months. These acquisitions will be non-dilutive and be financed against receivables.
On August 31st, 2017: The Company announced it will meet with BMW on September 15th, 2017 to pitch its FMS App at its Corporate Headquarters in Munich, German. Steve Berman, the Company's CEO plans to be in Europe the week of September 7th, 2017 to meet with the Company's App designers to finalize the beta testing of 5 new Apps. The 5 new apps are expected to be varied : 2 will be in Auto safety, 2 will be in the Sports Gaming industry and 1 will be Cannabis related. These new Apps will fall under the FMS division of the (to be formed) new Hexagon Holdings Corporation and will create 5 new streams of revenue.
On September 1st, 2017: The Company announced that it plans to buy out the remaining 51% share of the JV that owns the FMS Safe Driving App. The acquisition price is expected to amount to $3.5 million, payable in 6 installments over a 6 month period from deal closing. This is expected to be financed by financing receivables and is not expected to be dilutive to the Company. Our 51% partner also owns a vehicle fleet business, which will be included in the purchase and which will add another sector to our wholly-owned holdings. This is an established business in itself.
On September 9th, 2017: The Company announced that it has signed a major new contract with a California dealership with brands including Mercedes, BMW, Chevy, Ford, Audi, Kia, Hyundai, and Subaru. The contract is for 25 dealerships in Los Angeles and Orange Country, California. Each dealership will take 20 units per month at $200 a unit which is $100,000 per month and $1.2 million per year. The units will first be delivered on or about October 1st, 2017.
The Company also announced the name of its FMS safe driving app, its global tracking device, and its Apps currently in beta testing. The FMS safe driving app BSAFE MOBILE prtects the driver from dangers of distracted driving. BSAFE MOBILE is currently selling at $250 per unit. the FMS global tracking device, B FOUND MOBILE, tracks vehicles anywhere even under 5 feet of concrete. Pre-sales have been ordered at $250 per unit. The first app in beta testing is OKGOLFER. This app tells the player what club to hit based on their handicap and speeds up the game by 2 hours. We are expected to bring to the market at $100 per unit. The second app in beta testing is Golf Gambler, a gambling app that lets golfers gamble on their round. This app will be free, and our income varies and is paid after each round is complete. Yet to be named is an alcohol tracking sensor similar to a breathalyzer. This app will be released to market at $150 per unit. On4 Communications is also working on a car seat monitoring sensor designed to monitor car temperature and determine whether a car seat is occupied. This comes to market at $150 per unit.
The Company also announced that it has reached agreement to buyout its 51% partner Cogosense LLC based out of Vancouver BC. The acquisition includes FLEET SAFER which generated over $1 million in sales last year.
In other matters the presentation meeting with Enterprise Rent A Car has been rescheduled for September 28th, 2017 and Google Brazil sales have begun and now average 25 units per day.
