O2 Secure Wireless, Inc. Enters Into Lease Agreement to Build Tower and Provide Coverage in Polk County, Florida
March 16 2011 - 10:55AM
Marketwired
O2 Secure Wireless, Inc. (PINKSHEETS: OTOW) announces that the
Company has secured a Lease Agreement in an underserved community
near the City of Lake Wales within Polk County, Florida, where the
Company intends to place a tower which will enable O2Secure
Wireless to provide service coverage as well as being a resource
provider to wireless carriers in this area.
O2 Secure Wireless continues its expansion strategy in
territories that not only have a good potential for new broadband
services clientele, but where the towers can simultaneously serve
other wireless carriers therefore creating multiple revenue
sources.
The City of Lake Wales Florida is located in Polk County and
lies among rolling hills on the highest ground in peninsular
Florida. In the valleys around Lake Wales, there are many clear
lakes that furnish year-round recreational opportunities. The city
is located in the geographical center of the Florida peninsula, and
the stated goal of the City Commission and the city administration
is to encourage and facilitate quality growth and economic
development to the Population of 13,076 over nearly 20 square
miles.
With this agreement in place O2 Secure Wireless can expand the
areas to which it is delivering services domestically, augmenting
the Companies recent achievement of entering the Floridian market
through an agreement in Palm Coast and Flagler County. The packages
are designed to be priced competitively, with the median revenue
per client to be estimated at $90 to $100 per month.
"We are enthusiastic about how the momentum is picking up with
our US division. As our domestic operations are continuing to
develop, we will be adding more dramatically underserved
territories like Lake Wales, and expect that our success in these
areas will be great due to the lack of competition. Our other
leased tower sites are currently going through the due diligence
period and are progressing towards zoning filings," stated Val
Kazia, President, Earthcom Service Inc.
O2 Secure Wireless recently announced two domestic property
lease agreements in Florida; one in the City of Pembroke Pines
Florida, where it intends to build its initial tower, and the other
in St. Augustine, Florida.
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://o2securewireless.com or contact: Investor Relations:
Gibraltan Financial (407)830-9777
O2 Secure Wireless (CE) (USOTC:OTOW)
Historical Stock Chart
From Jul 2024 to Aug 2024
O2 Secure Wireless (CE) (USOTC:OTOW)
Historical Stock Chart
From Aug 2023 to Aug 2024