Orlando, FL 1/25/12 (StreetBeat) -- On4 Communications, Inc. (PinkSheets: ONCI) is pleased to announce that NetCents Systems Ltd. ("NetCents"), with which On4 has entered into a binding letter of intent to acquire 100% of the outstanding shares of NetCents, has signed a Merchant Agreement with Foundations For Life Inc. ("FFLI"), a leading provider of turnkey business and marketing solutions for independent sales associates.
"We are very excited to sign a Merchant Agreement with Foundations For Life Inc." stated Clayton Moore, President and CEO of NetCents. "In the first phase of our relationship we will be working jointly to implement a pilot project that will efficiently and effectively handle FFLI's online transactions. We expect the pilot to be completed by March 2012 and when finalized will result in a seamless implementation of the NetCents system providing FFLI clients a simple and easy way to pay online", Mr. Moore added.
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