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On4 begins process for name and symbol change
VANCOUVER, May 1, 2012 /PRNewswire/ - On4 Communications, Inc. ("On4") (the "Company") (OTCQB: ONCI) is pleased to announce that it has begun the process of changing its
name from On4 Communications, Inc. to NetCents Systems International
Ltd. to reflect the anticipated completion of the share exchange
between On4 and NetCents Systems Ltd. ("NetCents"). Upon receipt of
the Certificate of Amendment from the State of Delaware, an application
will be made to FINRA (Financial Industry Regulatory Authority) to
recognize the new name and request a new trading symbol. It is
expected that the approval process should not take more than four
weeks.
About NetCents
NetCents is a seamless, transparent enabling technology adopted by
financial institutions to allow their clientele the option of
conducting financial transactions on the web in a secure fashion
without the use of credit card information. Triggered by a valid email
address, the Company uniquely delivers a 100% secure, self-administered
and anonymous payment system for the purpose of making safe online
purchases and transferring funds. It enables a simple yet innovative,
swift, two-way flow of funds when paying for goods and services over
the Internet. NetCents provides the merchant with the means to connect
with all consumers whether or not they hold direct access to a credit
card. This payment option for consumers and merchants provides
peace-of-mind with no fear of identity theft or credit card fraud.
About On4
On4 is a development stage company, whose original business was
providing wireless communications solutions to telecommunication
companies, consumers and businesses. Its initial technology was a
platform that was comprised of a global positioning management system
that was able to track people, pets, assets and inventory via two-way
communication devices such as Web browsers, instant messengers and
mobile phones. On4 has been actively seeking other promising projects
in the technology sector that will continue to add to the bottom line
and enhance shareholder value. 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.
Forward-Looking Statements
Except for the historical information contained herein, the matters
discussed in this press release are forward-looking statements. Actual
results may differ materially from those described in forward-looking
statements and are subject to risks and uncertainties. See On4's
filings with the United States Securities and Exchange Commission which
may identify specific factors that may cause actual results or events
to differ materially from those described in the forward-looking
statements.
SOURCE On4 Communications, Inc.
On4 Communications, Inc.
CONTACT: 480-525-4361 or 888-583-7158 On the web: www.on4communications.net or www.net-cents.com
On4 begins process for name and symbol change
VANCOUVER, May 1, 2012 /PRNewswire/ - On4 Communications, Inc. ("On4") (the "Company") (OTCQB: ONCI) is pleased to announce that it has begun the process of changing its
name from On4 Communications, Inc. to NetCents Systems International
Ltd. to reflect the anticipated completion of the share exchange
between On4 and NetCents Systems Ltd. ("NetCents"). Upon receipt of
the Certificate of Amendment from the State of Delaware, an application
will be made to FINRA (Financial Industry Regulatory Authority) to
recognize the new name and request a new trading symbol. It is
expected that the approval process should not take more than four
weeks.
About NetCents
NetCents is a seamless, transparent enabling technology adopted by
financial institutions to allow their clientele the option of
conducting financial transactions on the web in a secure fashion
without the use of credit card information. Triggered by a valid email
address, the Company uniquely delivers a 100% secure, self-administered
and anonymous payment system for the purpose of making safe online
purchases and transferring funds. It enables a simple yet innovative,
swift, two-way flow of funds when paying for goods and services over
the Internet. NetCents provides the merchant with the means to connect
with all consumers whether or not they hold direct access to a credit
card. This payment option for consumers and merchants provides
peace-of-mind with no fear of identity theft or credit card fraud.
About On4
On4 is a development stage company, whose original business was
providing wireless communications solutions to telecommunication
companies, consumers and businesses. Its initial technology was a
platform that was comprised of a global positioning management system
that was able to track people, pets, assets and inventory via two-way
communication devices such as Web browsers, instant messengers and
mobile phones. On4 has been actively seeking other promising projects
in the technology sector that will continue to add to the bottom line
and enhance shareholder value. 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.
Forward-Looking Statements
Except for the historical information contained herein, the matters
discussed in this press release are forward-looking statements. Actual
results may differ materially from those described in forward-looking
statements and are subject to risks and uncertainties. See On4's
filings with the United States Securities and Exchange Commission which
may identify specific factors that may cause actual results or events
to differ materially from those described in the forward-looking
statements.
SOURCE On4 Communications, Inc.
On4 Communications, Inc.
CONTACT: 480-525-4361 or 888-583-7158 On the web: www.on4communications.net or www.net-cents.com