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On4 announces update of name and symbol change

Sep 20, 2012 10:52:00 AM


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VANCOUVER, Sept. 20, 2012 /PRNewswire/ - On4 Communications, Inc. ("On4") (OTCQB: ONCI) would like to update shareholders on the pending name and symbol change. As previously released, On4 is in the process of changing its corporate name from On4 Communications, Inc. to NetCents Systems International Ltd. The new name has been reserved with the State of Delaware, the necessary resolutions have received shareholder approval and all required documentation has been prepared and is expected to be filed within a few days. It is anticipated that the name and symbol change will be in effective prior to October 31, 2012, in time for the planned closing of the share exchange agreement previously signed between On4 and NetCents Systems Ltd.
About On4

On4Communications is a development stage company focused on wireless and online payment technologies. On4 is actively looking for acquisitions and merger opportunities within these industries. On4 has identified NetCents Systems Ltd., (www.net-cents.com), a technology company that is on the verge of establishing itself as a global contender in the online payment industry. On4 has a signed agreement in place with NetCents and will be facilitating the global rollout of the NetCents platform.

On December 15, 2011 On4 entered into a definitive Share Exchange Agreement with NetCents Systems Ltd. ("NetCents") where at closing On4 will acquire 100% of the issued and outstanding shares of NetCents and NetCents will become a wholly owned subsidiary of On4. The Company is a Development Stage Company, as defined by Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 915, Development Stage Entities, and has not yet generated significant revenues from their intended business activities.

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