SCOTTSDALE, AZ, Nov. 10, 2011 /CNW/ - On4 Communications, Inc. ("On4") (OTCQB: ONCI) is pleased to announce that is has received signed consents to act as
directors from Mr. Clayton Moore, Mr. Steve Allmen, and Mr. Tom Locke
and On4 has accepted these consents and has appointed all three to
On4's board of directors. Shortly after the appointments, Mr. Cameron
Robb resigned as director. All changes take effective immediately.
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.
Steven Allmen has over twenty years of experience working with leading
companies in the loyalty, retail, telecom, financial services and
marketing sectors. His experience in delivering strategic partnerships
and business solutions has enabled companies to achieve results and
build market leadership. Mr. Allmen has practical business experience
across multiple industries having held senior positions at Aeroplan
Canada (current), The Hudson's Bay Company, Air Miles and Compusearch
Micromarketing. By combining his years of experience and comprehensive
understanding of market trends, Mr. Allmen can effectively advise our
company to help us yield immediate results. Mr. Allmen is currently the
VP, New Partner Development, Aeroplan Canada an AIMIA Company and is
based in Toronto Mr. Allmen holds a BA, Political Science and History
from York University.
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
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
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 call 480-525-4361 or 888-583-7158 or visit www.net-cents.com.