SCOTTSDALE, AZ, Nov. 16, 2011 /CNW/ - On4 Communications, Inc. ("On4") (OTCQB: ONCI) is pleased to announce that NetCents Systems Ltd. ("NetCents"), with
which On4 has entered into a binding share exchange agreement, has
launched its new and enhanced on-line payment and money transfer
web-site. The new web-site incorporates many of the features
recommended by our current users and merchants; two of which are a
simplification of the new user sign up process and improvements to the
overall site navigation. The site has also been re-designed to fit in
with our upcoming re-branding and marketing efforts. Also added is the
newly announced P2P Direct Money Transfer. Management would like to
invite shareholders and potential investors to visit the site at www.net-cents.com.
"We are very happy with the end results of our site revamp and the
professional look and feel the site now has," stated Clayton Moore,
President of NetCents. "We want to thank the design team for a job
very well done."
On4 is a development stage company, whose original business was
providing wireless communications solutions to telecommunication
companies, consumers and businesses. Its main 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
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. Management has identified NetCents Systems Ltd., a
British Columbia based technology company, that is on the verge of
establishing itself as a global contender in the online payment
industry. 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. NetCent's main
asset is a technology that delivers a 100% secure, self-administered
and anonymous payment system developed for the purpose of making safe online purchases
and money transfers. The technology is simple yet innovative and
provides a real-time two-way flow of funds over the web while
protecting the users from identity theft or credit card fraud.
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
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.
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
SOURCE On4 Communications, Inc.
For further information:
please contact 480-525-4361 or 888-583-7158 or visit www.net-cents.com.