SCOTTSDALE, AZ, Nov. 9 /CNW/ - On4(TM) Communications, Inc. (ONCI.OB) announced today that it is reviewing the possibility of listing its stock for trading on a foreign stock exchange(s).
The Company is reviewing listing on a European exchange such as the Oslo, London Stock Exchange (AIM) and or the Frankfurt Stock Exchange due to the response from potential foreign investors and companies enquiring about potential distribution opportunities. After a detailed analysis, the Company will determine the best alternative for its shareholders.
"Due to the global response which On4 has received, listing on a foreign stock exchange will facilitate the company's access to capital and assist in expanding our existing shareholder base," said Cameron Robb, President and CEO of On4(TM). "Since the company's inception, On4 has always received a positive response from Europe for both product and distribution opportunities and the listing on one of these exchanges will benefit our Company, our shareholders in the short, medium and long-term," further added Mr. Robb.
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 percentage of the amount collected from each download to any number of partner charities.
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995 - forward-looking statements concerning plans, objectives, goals, strategies, future events of performance and underlying assumptions and other statements which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and services demand and acceptance, changes in technology and in economic, political and regulatory conditions and to all of the risks generally associated with a company at On4(TM)'s stage of development. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by these cautionary statements. Refer to On4(TM) 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. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
SOURCE ON4 COMMUNICATIONS, INC.
For further information: For further information: On4(TM) Communications Inc., www.on4communications.com; Investor Relations, (604) 267-7023