LETTER TO
SHAREHOLDERS TO DISCUSS ACTIVITY WITH ON4 COMMUNICATIONS
New York, NY -- February 5, 2018 --
InvestorsHub NewsWire -- On4Communications (OTC:ONCI) is pleased to release
the following letter:
Below is an
update of most everything that is going on at the
company,
some you have
heard about and some are new. I will be discussing
everything
I can talk
about.
Financials
We had a
stellar yr grossing over 1.8 million from nothing last
yr
We were up 50
plus percent quarter over quarter and far out
paced expectations.
In
regards to
the 2 million dollar payment that was to buy the remainder of FMS
marketing that we did not own.
Alan
Baily
and I are in
negotiations with the Del SOS to reduce the debt owed.
The debt is
nowhere near $900 thousand that is a number that they put on all
companies until they file. In regards to the share reduction I
stated on page 2 that the reduction has been reported with the
Colorado SOS and is under Hexagon Holdings. As soon as we get
approval the share reduction will be in place. I have also reduced
my commission rate to 12.5 percent a 50% reduction so we will have
more cash for all the things we need to do
Overall
im
thrilled with our
financials and we are growing very fast signing deals every
week.
KL
We
are
in the process of
making our mold which will allow us to reduce our
costs by 50%
Each
mold can
make 150,000 to 200,000 units. I will be travelling back to KL to
start production shortly.
Garden City
Group
They have 150
units and are selling now. I will be reporting sales at the end of
the month.
Penn
Group
They have
units and are selling now
H Group
NY
They have
units and are selling now
Gunther
Fla
All stores
have units and are currently selling.
San
Antonio
I am told by
my rep Scott Wells that we will be getting an e
mail with bid requirements shortly. Nothing ever
move
fast with
Govt.
Municipalities
We are in
discussions with a group that sells software and Hardware to all
Government agencies both Local and Federal in 21 countries. I will
release the name when a contract is signed
Growth of our marketing
team..we
have engaged two major automotive after market product sales
agencies. These agencies sell into
multiple channels in the automotive industry including but not
limited to internet sales, direct sales to the major
auto parts
chain stores, direct sales to auto parts distributors, wholesale
warehouses and direct sales to automotive
dealers. The
combined total of new sales representatives is 21 now covering more
than 50% of the country.
We are near completion with signing contracts with 2 other sales
agencies that will bring another 29 sales
representatives that
would cover the entire US. In addition we are in negotiations with
another two agencies that cover big box retailers
such as Target and Best Buy to represent
bSafeMobile.
We are in discussions with our partners in Great
Britain to
take over all of
western
Europe and meet with them in mid March when they come to the
US.
bSafeMobile
has updated its back office systems (inventory control, accounting,
billing, invoicing etc) to handle the
expected increase
and sales activity generated by these sales agencies.
USW
We will be implementing sale in 2 dealerships in South
Fla
next week and working out all kinks until we
roll out in
Fla
first.
MIDDLE EAST
Working with
Consulting/distribution agent Mr. Graham Bell. Graham has very good
relationships with the Auto and technology industry throughout the
GULF region including UAE and Saudi Arabia. Just returned from the
region last week.
DUBAI TAXI CORP
The main
purpose of my trip was to push our current best prospect Dubai Taxi
"over the line" into a test mode. From there I (Graham also) can
follow up and, subject to a successful test, move towards closure
of at least initial unit orders. The objective is to close these
initial orders and then ramp up orders over the coming months.
Dubai Taxi Corp has 5500 in their fleet. Following the installation
the IT guy I was working with Osman was then confident to be able
to download the Fleetsafer
software to his
computer .We have a deal memo on the table.
COLONY TRUCKS- KUWAIT
Had a very
long meeting with this company. They have over 1000 trucks and
construction machinery in their fleet. Went through all the
advantages of Fleetsafer
and how this can
manage their trucks, Buses, etc as they all travel throughout the
Gulf region (not just Kuwait). Jamil Malik and Alvin Lewis are the key
guys there and agreed to test the system. Graham will be sending
them 2 units now for testing. I will follow up with them in a week
to make sure they receieved the units and get them to
start a test. Will contact the team in Vancouver again to walk them
through it.
MERCEDES TRUCKS/VANS- UAE
Met
with Navin Sook their head of Fleet
management and Safety/Security features. In addition to just
selling/leasing their trucks/Vans he also makes sure to sell them
the additional features package which includes many of the already
existing Mercedes features such as automatic breaking ,
tracking , etc.
We discussed including the Bsafe/Fleetsafer
software as part
of their package offering. He said it could not come as part of the
Mercedes package as Mercedes only puts their own items in a package. But he
said he could potentially "bake" it in as a separate item but
included in an overall price. I gave him a unit to test and will
follow up with him again in a week.
Al FUTTAIM MOTORS
Had confirmed meeting with the CEO Len Hunt
whom Graham and I spent time with at the auto show. 2 hours before
the meeting I had call from his office
cancelling the meeting but putting me onto their Head of Multi
brand services, Omar Edris. Graham will go over and see
him with a unit to test. This is another one where we could be sold
in the after sales packages. I will follow up with him after he's
had a chance to test the unit, give feedback, and provide some
proposal options.
WEHBE INSURANCE
I met with
Omar Wehbe who runs one of the 3 top
Insurance companies in the Gulf Region. We reviewed
Bsafe
and
Fleetsafer, He saw multiple benefits
for Insurance companies but also has good relationships with other
Fleet and auto companies. He wanted some time to think about how
best to use the technology. He said the best thing to would be for
me to let him know next time I'm out and he would arrange further
meetings/ intros as well as propose what he would do with
Bsafe.
OTHER ACTIVITY
Graham and I
are also working on:
- Dubai Police
(Colonel Al Masri)
- KIA Motors
Middle East
- Volkswagen
Middle east
- CAREEM
Middles East (Uber equivalent)
- Al
Tayer
Motors
-
Juma
Al
Madjid
Group
(Hyundai)
-
Sheikh Saif's office in Abu Dhabi
(Antoine)- potential Master dealership
- SAPTCO
Bus company Saudi
- Al
Naghi
Group (bus/
trucks) Saudi
-
Tamimi
Transportation-
Saudi.
. Graham will
go to Saudi first or second week of February and meet
them.
We currently
have 2 other deal memos on the table and are meeting with other
potential clients as well.
UK
Working with Consulting/
distribution agent Mr. Gordon Poots who is based in Belfast,
Ireland. He has very good relationships throughout the auto and
tech industry in the UK.
He has sent
brochures and following up with the companies listed
below
-
Vendigital
automotive
technology distributor
-
SFU- major Fleet
Company- 6000 + cars/vans
-
SLOANS- major
Fleet company- 8000 + cars, minibuses and Vans
-
Addison Lee-
Major Fleet company- 12000 Vehicles
-
OH Vehicle
Conversion company- Upgrading/modernizing classic and contemporary
cars through the UK.
TURKEY
Working with a new agent in
Turkey Mr. Murat Kortan. He is owner and principle
of Kortan Consulting. The company
identifies new products and services into the Turkish market
primarily in the Insurance, Dealer distributor/Agency business and
new technology distribution.
Have had 3
conference calls with him including one this morning. He has all
the brochures and is sending them out to his contacts and following
up. Next step is to arrange a call this week with S. Berman to
review questions and discuss commercial terms for the Turkish
market. Turkey is 80 million people
and Murat feels
this could be taken up by at least 500,000 to 1 million
users.
SERBIA
Bsafe
technology has
been presented to senior government
officials who seem interested in potentially legislating the
mandatory use of this technology in the
country.
In the
meantime the Government has made introductions to the top 2
Insurance companies in the country. They are TRIGLAV Insurance Run
by Dr. Dragan Markovic and AMS Insurance run by
Mr. Dejan Jevtic. Between the 2 companies
they provide coverage for 83% of all Fleet, Taxi companies, Buses,
and delivery services companies in Serbia. They both have units
after testing will follow up in the next 2 to 3 weeks.
BULGARIA
Have
recently found a very good consulting
agent Mr. Rossen Tzvetkov. Bulgaria is part of the EU
and need to comply with the EU regulations for distracted driving.
I sent Rossen some units and he is testing
now. He feels it is a very good idea and that over time the country
will need to comply with these laws. So he is already speaking to
some insurance agencies, Fleet companies and the Police to help
support the effort. He will get back to me.
Uber
I have had 1
meeting and 1 conference call with them Bsafe will not work for them
Fleetsafer
is the play and
we have to make adjustments to the software to do what they need
done
Our tech team
is working on this asap.
Amazon
We will be
back on Amazon next month.
Facebook
Fly
Has
created some new
ads for us and we will be rolling them out within 2 weeks with a
better understanding of the right targets.
I will be
sending ou another update with more
activity as soon as I get the answers back from our reps, Including
more dealership activity as well as other things we have discussed
in Press Releases over
the past yr. We
will also be discussing all arms of Hexagon.
As you can see
we have so much going on and are poised for major
growth.We truly are a global company
and have come from nothing to all this in less than 2 years. This
is only half of whats going on at
ONCI/Hexagon. And as I said there is so
much more and it will appear in the next update.
$ONCI
On4 Communications, Inc.
info@on4inc.com
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