On4 Communications, Inc. appoints new management

SCOTTSDALE, AZ, Nov. 10, 2011 /CNW/ - On4 Communications, Inc. ("On4") (OTCQB: ONCI) is pleased to announce that is has received the resignation of Cameron Robb as the Company's  Chief Executive Officer and Chief Financial Officer and that of Gord Jessop as the Company's President and Chief Operating Officer.  The Company has appointed a new management team consisting of:

        Clayton Moore - President and Chief Executive Officer
Ryan Madson - Chief Operating Officer
Tom Locke - Chief Financial Officer, Secretary and Treasurer
John Kaczmarowski - Chief Technical Officer

These appointments reflect the new direction that the company is taking and take effect immediately.

Clayton Moore - President and Chief Executive Officer

Mr. Moore is the founder and visionary of NetCents Systems Ltd. ("NetCents"). After attending Caledonia College and specializing in Business Administration, Mr. Moore began his career in the service industry as General Manager for Silver Springs, a large restaurant establishment in Radium Hot Springs.  After spending time in various management positions in the service industry, Mr. Moore was inspired to create the first version of the NetCents Payment System. He spent the next 5 years creating and funding the development of his first company, The Cybux Cash Card Company Ltd. ("Cybux").  Cybux was tested in the BC school systems and was eventually sold to a third party which led to the creation of the next generation, a payment system designed with total anonymity  and security for buying goods and services over the internet known as NetCents.   Mr. Moore has been President of NetCents since its incorporation in 2006.

Ryan Madson - Chief Operating Officer

Mr. Madson is a versatile professional who has spent the better part of his career in executive positions in the automotive and high tech industries. As a graduate of business and engineering at Malispina University he has the skill set in management and marketing required to execute the business plan of NetCents.  As CEO of Cybux, Mr. Madson, working with parents, teachers and school boards, created and developed a successful rollout of a school cash card program that was integrated into six school districts with a total of 20 schools.

Tom Locke - Chief Financial Officer, Secretary & Treasurer

Mr. Locke has a Master's Degree in Mathematics and is an MBA graduate of York University in Toronto. He has over 25 years experience at the corporate level in the sports, entertainment and technology industries. Mr. Locke played an integral role in the founding of Rainmaker Digital Pictures Corporation ("Rainmaker") in 1995. Prior to this he was President and CEO of Gastown Post & Transfer, Western Canada's largest independent post-production facility, which evolved into Rainmaker.  Over the past 15 years, he has studied and consulted on the impact of digital technology in business.  In addition to speaking at various functions and conferences, he has sat on a number of provincial, national and international boards covering a wide range of interests. Throughout his career he has supported the concept of community investment and has given significant time to charitable and not-for-profit endeavors.

John Kaczmarowski - Chief Technical Officer

Mr. Kaczmarowski began his professional career in 1982, after graduating in the field of Political Science from the University of St. Thomas in St. Paul, MN. Mr. Kaczmarowski worked for 12 years building a project-oriented software development firm with clients including American Express, Knight- Ridder Media, Dagens Nyheter (Sweden), Travelers Insurance and Pillsbury Co. Since 1993, Mr. Kaczmarowski has been at the forefront of business-centric web-based development launching a successful enterprise-class SaaS system for human resource management, served as the CTO of a major online entertainment company with gross annual revenues exceeding $2 billion US and founded and launched a successful local SEO and location-based services SaaS firm. Mr. Kaczmarowski has participated in some of the largest dot.com launches of the last 15 years. His strengths include enterprise-class system architecture, finance, insurance and banking intelligence, payment processing systems and location-based service delivery.

About On4

On4 is a globally diversified Location Based Services ("LBS") company with offices in Scottsdale, Arizona and Richmond, British Columbia. On4 is in the business of providing Public Safety; Personal Assets and Healthcare location based tracking and monitoring services. The Company is currently in the process of designing, developing and marketing personal LBS devices that are intended to provide tracking and location monitoring for people, animals and property of any nature. Specific applications include tracking of: the elderly, medical patients, teens and children and the monitoring of: public safety officers, executives, cars, trucks, motorcycles, aircraft, boats, personal watercraft, ATVs, equipment, cargo, tools, trailers, electronic equipment, retail goods and consumer goods in transit.

On November 3, 2011 On4 entered into a Binding Letter of Intent 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.

About NetCents

Net-Cents 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.

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.

For further information:

please contact 480-525-4361 or 888-583-7158 or visit www.net-cents.com.

Profil de l'entreprise

On4 Communications, Inc.

Renseignements sur cet organisme


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.