O2 Secure Wireless, Inc. Announces the Valuation of Licenses in the Dominican Republic
February 22 2011 - 11:43AM
Marketwired
O2 Secure Wireless, Inc. (PINKSHEETS: OTOW)
announces that the Company's wholly owned subsidiary, Earthcom
Service Inc., has evaluated the accumulated value of the Company's
licensing in the Dominican Republic. Valuation of the licenses in
the Dominican Republic, at the culmination, has been assessed at
$36,262,210.77.
These reported license valuations are based on the number of
territorial licenses secured, where the Company is slated to have
towers installed, providing the opportunity to deliver a spectrum
of services including GSM Cellular and Cable Services to the
underdeveloped Country.
Earthcom Service Inc. has executed an aggressive territory
development strategy which has been completed in the acquiring of
choice property representing the highest possible range of
frequency, and concluded with the securing of premium retail space
for the rapid development of clientele, and advancement of solid
brand recognition.
"We are very pleased to have received this assessed valuation on
our acquired licensing in the Dominican Republic. This
significantly enhances the documented value of Earthcom Service
Inc.," stated Val Kazia, President, Earthcom Service Inc.
About O2 Secure Wireless: O2 Secure
Wireless is a Company that is currently developing numerous
wireless tower facilities in the U.S. The Company is also
instrumental in the development of wireless broadband communication
services domestically. Under a recent merger with Earthcom Service
Inc., the Company is currently being structured to provide
affordable flat rate pre-paid wireless services in developing
countries internationally.
Safe Harbor Act: This release may contain
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E the
Securities Exchange Act of 1934, as amended and such
forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
"Forward-looking statements" describe future expectations, plans,
results, or strategies and are generally preceded by words such as
"may," "future," "plan" or "planned," "will" or "should,"
"expected," "anticipates," "draft," "eventually" or "projected."
You are cautioned that such statements are subject to a multitude
of risks and uncertainties that could cause future circumstances,
events, or results to differ materially from those projected in the
forward-looking statements, including the risks that actual results
may differ materially from those projected in the forward-looking
statements as a result of various factors, and other risks
identified in a company's annual report.
For more information visit our website at
http://earthcomservice.com or contact Investor Relations: Gibraltan
Financial (407)830-9777
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