On4(TM) Communications Confirms the Cancellation of 52,223,931 Common Shares

SCOTTSDALE, AZ, Feb. 5 /PRNewswire-FirstCall/ - On4(TM) Communications, Inc. ("On4(TM)") (ONCI.OB) announces that it has received confirmation of the cancellation of 52,223,931 common shares in the capital of On4(TM).

Responding to queries regarding the cancellation of shares, On4(TM) Communications President and CEO Cameron Robb said, "I have received a number of calls asking for clarification on this matter. By cancelling the 52,223,931 shares, On4(TM) Communications, Inc. has reduced the total number of shares outstanding in the company by over 50%, which according to the stated 96,213,567 shares reported by the OTC:BB on Thursday February 4th, 2010, will result in 43,989,636 total shares issued and outstanding."

"As On4(TM) Communications entered 2010, a key focus of the company was to build structure and stability for the company and value for our shareholders." Robb further added, "The cancellation of these shares is a good first step in our long term plan, but we will continually look for opportunities to improve all aspects the company's operations."

About On4(TM)

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.

Safe Harbor Statement

Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: The statements in this release relating to completion of the acquisition and the positive direction are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include, but are not limited to, contractual difficulties which may arise, the failure to obtain necessary approvals, the future market price of On4 Communications, Inc.'s common stock and the ability to obtain the necessary financing.

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.

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