VANCOUVER, Sept. 2 /PRNewswire-FirstCall/ -- On4 Communications, Inc. (OTCBB: ONCI.OB) announces that on August 24, 2009 it filed a Statement of Claim in the Court of Queen's Bench of Alberta to initiate a lawsuit against DataTrail Inc.
In the Statement of Claim, On4 seeks the following from DataTrail: - judgment for debt in the amount of CDN$1,044,218; - interest on that amount pursuant to the terms of a Loan Agreement between On4 and DataTrail dated October 3, 2007; - an order for specific performance directing that DataTrail provide a Security Agreement to On4 pursuant to the terms of the Loan Agreement, and specifically in respect of certain intellectual property rights owned by DataTrail; - an interim and permanent injunction preventing DataTrail from dealing in any way with such intellectual property rights; - indemnity in respect of any amount On4 is ajudged to be liable for in an action instituted by the McCann Family Holding Corporation against On4 on October 30, 2008; and - costs. DataTrail has not yet filed a reply to the Statement of Claim.
On4 completed a merger with a private Arizona company on May 1, 2009 and adopted the private company's business and name. On4 now manufactures patent pending two-way communication devices that track people, pets, assets, inventory or just about anything else that is of importance to its customers. Incorporating both proprietary and non-proprietary hardware, On4 Code Division Multiple Access (CDMA) based devices are harmonized with some of the most sophisticated Location Based Service (LBS) tracking software available on the market today, enabling On4 to provide seamless, integrated end-to-end tracking solutions.
On4 can provide either hardware-only or fully integrated custom solutions, depending on end-user requirements. It specializes in the integration of proprietary and non-proprietary hardware and wireless carrier platforms with non-competing vertical partners to access lucrative consumer-based niche markets.
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 Sound Revolution'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.
On4 Communications, Inc.
CONTACT: On4 Communications, Inc., (480) 344-7755
