SCOTTSDALE, AZ, Nov. 6 /CNW/ - On4(TM) Communications, Inc. (ONCI.OB) is pleased to announce the close of the acquisition of Pets911.com, and all intellectual property assets associated with this firm. Pursuant to the asset purchase agreement with I Recycle LLC, entered into on October 12, 2009, On4(TM) issued 3,000,000 shares of its common stock to designees of the vendor company, I Recycle LLC in payment of the purchase price for the acquisition of Pets911.com.
For the past 10 years, Pets911.com has been a leading force in the pet lost and found and adoption services sector. Through relationships with over 14,000 rescue organizations across the United States most notably the Humane Society, SPAY/USA, Alley Cat Allies, and each State's shelter system, Pets911.com has been instrumental in saving the lives of millions of animals.
Pets911.com is a high-profile interactive platform that connects the under-resourced and fragmented rescue organizations with the media, charities and forever families on the Internet and through various mobile social media "Good Citizen" initiatives.
President and CEO, Cameron Robb, is excited about the acquisition of Pets911 as it enables On4(TM) to further develop and expand its PetsMobility(TM) brand within the $43 billion per year Pet Market. Robb stated, "With approximately 70% of U.S. households owning a pet, the Pets911 acquisition is aligned with our long-term goals of increasing our brand awareness and working towards establishing a significant market share."
On4 will leverage the philanthropic services of Pets911.com with the marketing strength of On4(TM) Communications PetsMobility(TM) division to deliver cost effective LBS and mobile based customer solutions. "For On4(TM) to be good citizens and enhance the operations of these rescue organizations all while providing unique and valued products and services to the pet market, has been a guiding principle of PetsMobility from its inception," Robb added.
On4(TM) Communications is a globally diversified Location Based Services (LBS) company with offices in Scottsdale, Arizona; in Richmond, British Columbia and representation in China. On4(TM) can provide either hardware-only (GSM or CDMA devices) or fully integrated custom solutions, depending on end-user requirements. On4(TM) also looks to leverage its' strategic relationships through joint ventures, partnerships and acquisitions to provide market opportunities for emerging technologies in the LBS space.
PetsMobility(TM) offers an array of products and services designed to keep forever families and their pets' safe and connected - Pets Life Line, Pet Cell, Pet Insurance and Pets911.com and Petsmo.com.
About Charity Tunes
Charity Tunes is a fully owned subsidiary of On4(TM) and is North America's first charity-driven digital entertainment distributor, offering music enthusiasts the opportunity to support charitable organizations by downloading their favorite tunes and contributing a minimum of 10% of the amount collected from each download to any number of partner charities.
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 Communication's filings with the United States Securities and Exchange Commission which 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: For further information: On4 Communications Inc., www.on4communications.com, Investor Relations, (604) 267-7023