Sound Revolution Inc. Closes Merger with On4 Communications |
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By: Sound Revolution, Inc. Posted: 2009-05-17 05:31:02 |
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Sound Revolution Inc. (OTCBB: SRLU.OB), is pleased to announce that it has closed a merger with On4 Communications, Inc. and has adopted the business of On4 Communications Inc.
On4 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. On4 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. The company will be changing its name to On4 Communications Inc., upon approval of the merger and the name change by NASDAQ. "This is a great development for Sound Revolution. The company has always strived to provide its shareholders with the most value for their investment and this merger with On4, an up and coming technology company with innovative products, does just that," commented Penny Green, Sound Revolution's President and CEO. Sound Revolution also approved the appointment of Cameron Robb, the former Chief Executive Officer and director of On4, to Sound Revolution's board of directors. Cameron Robb co-founded PetsMobility in June 2004 and On4 Communications in June 2006. He was the acting Chief Executive Officer and a Director of both organizations since their inceptions and until the merger with the Company. Previously, Mr. Robb operated an executive management consultancy through which he advised private and public companies on matters such as venture capital and finance, international sales, and marketing. His clients represented diverse industries such as entertainment, technology, energy, and consumer products. He was President and CEO and co-founder of Wooket Graphics, Inc, a North American entertainment and licensing company. Currently, in addition to his work with On4 and PetsMobility, Mr. Robb serves as an Advisory Board Member for the Canada Arizona Business Council, Firstar Sports, Inc, and serves as a Board Member on For The Earth Corporation. He is also a mentor to Arizona State University students in the Technopolis Program, established to help ASU become a more responsive and entrepreneurial university. It is anticipated that Mr. Robb will be appointed as Sound Revolution's President and Chief Executive Officer within one week of the filing of Sound Revolution's latest Annual Report on Form 10-K. 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. |
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