On4 Communications, Inc. appoints new directors

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.

Clayton Moore

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   

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.

Tom Locke

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.

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

Profil de l'entreprise

On4 Communications, Inc.

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