VANCOUVER, March 7, 2012 /CNW/ - On4 Communications, Inc. ("On4") (OTCQB: ONCI): On4 is pleased to announce that NetCents Systems Ltd. ("NetCents"), with which On4 has entered into a binding share exchange agreement to acquire 100% of the outstanding shares of NetCents, has completed and integrated its email deposit notification. Now when a NetCents user deposits funds to his or her NetCents account they will be notified via email when the funds have cleared and are available for use.
"NetCents is committed to continuous improvement and enhancing the functionality of its system feature suite. This is the result of valuable feedback captured from our clients and our pilot studies", stated Mr. Clayton Moore, President and CEO of NetCents. "Customer Satisfaction is a core value at NetCents. We listen very carefully to the recommendations made by our merchants and consumers respectively. Email notification of deposits is a prime example of the type of client collaboration that makes NetCents the preferred online payment network," Mr. Moore added.
Highlights of the NetCents payment system include:
- Simple and seamless for merchants to implement
- Easy for consumers to set up and use
- Complete anonymity that is 100% secure from identity theft
- Accessible for users who do not have an active credit card
- Deposits and withdrawals to your NetCents account can be made directly to and from your bank account online
- 24 Hours or less processing of deposits and withdrawals
- Email notification of deposits
- Low cost for both the merchant and the consumer
- Secure, Simple, Swift
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.
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.
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.
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