ON4 Communications, Inc. Signs Binding Letter of Intent

SCOTTSDALE, AZ, Nov. 9, 2011 /CNW/ - On4 Communications, Inc. ("On4") (OTCQB: ONCI) has entered into a binding Letter of Intent (the "LOI") to acquire 100% of the issued and outstanding shares of NetCents Systems Ltd. ("NetCents"), a private Alberta corporation engaged in the development and implementation of a unique and secure electronic payment system for online merchants and consumers. The Letter of Intent provides for a period of due diligence which will lead to a formal agreement whereby On4 will acquire 100% of the issued and outstanding capital of NetCents in a share exchange transaction that will result in NetCents becoming a wholly owned subsidiary of On4.

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

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