On4 Communications Inc (OTCMKTS:ONCI) shares jumped 40% to $0.00112 and were unchanged in after-hours trading. Share prices have been trading in a 52-week range of $0.00 to $0.01. The company has a market cap of $3.69 million at 3.29 billion shares outstanding.
On4 Communications Inc is a company that intends to become the onsite provider of certain mobile home care dental related services to senior citizens in their senior assisted living facilities where such onsite services are not being provided. The company is also focused on providing other medical services, with the additional focus of acquiring and/or merging businesses primarily operating in the healthcare industry. The company was engaged in providing prepackaged software and reported its first-ever revenues recently.
In a press release, On4 Communications Inc shared that FMS Marketing has been selected as 1 of 5 Vendor Finalists to present the FMS Drive Safe App to two leading Asian auto manufactures with headquarters in South Korea. CEO Steve Berman will be departing for South Korea this week to join the marketing team in presenting their pitch. These two automakers are looking for distracted driving solutions for their Asian customers at the manufacturer level.
We are honored to be selected as 1 of the finalists as 2 of Asias leading auto manufacturers currently in the process of seeking solutions for distracted driving. The fact that our FMS Drive Safe App has been selected as a finalist is a testament to our hard work over the past several months and provides proof positive that the FMS Drive Safe App is gaining a reputation as a leading distracted driving solution,” remarked Berman.
Berman is also set to travel to Japan to present the FMS Drive Safe App to three large Japanese-based auto insurers and then to Jakarta Indonesia with the FMS Marketing team to meet with two large auto dealer groups. If any of these deals push through, it could mean a lot of revenue for On4 Communications Inc in the next few years.
Looking at the long-term chart of On4 Communications Inc shows that there’s still a lot of upside room if the stock does pick up this bullish momentum. Investor interest has picked up earlier in the month but the rally has not been sustained, as investors are probably waiting for signs of more revenue.
At that time, the company announced that that they have released their fiscal Q1 earnings on OTC Markets and reported their first ever revenues.
ONCI has now entered a bold new era of growth during fiscal Q2 and I very much look forward to renewed communication to market on several exciting growth driving fronts over the next several weeks,” remarked CEO Berman.
These revenues stem from the company’s first project focusing on businesses operating in the $1.7 trillion U.S. healthcare industry and their new targeted businesses are operating in the trillion-dollar mobile app space. It is also also targeting businesses to acquire and joint venture with in the medical marijuana and emerging MJ ancillary products space.
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