On4 Communications Inc (ONCI)

[mary777]

https://backend.otcmarkets.com/otcapi/company/financial-report/257904/content

On August 17, 2017 the Company entered into a non-binding Letter of Intent to purchase CogoSense Technology, Inc. a Canadian company, which developed and is marketing its FleetSafer App – an enterprise software solution
for smart phones and tablets that detects the driving state of an entire on-the-road vehicle fleet and automatically

places those devices into “safe mode” while driving occurs, to prevent distractions.

CogoSense has also developed an individual consumer version called bSafeMobile and the bFoundMobile App which is a fleet vehicle tracking system to monitor vehicle locations at any time. Through July 31,2020 the Company had cumulatively paid $ 1,875,000 towards the overall purchase price of $ 2.6 million to acquire 100% of the CogoSense company, including its technology assets, revenue stream and customer base.