O2 Secure Wireless, Inc. Provides Shareholder Update
June 13 2011 - 11:15AM
Marketwired
O2 Secure Wireless, Inc. (PINKSHEETS: OTOW) is pleased to announce
that the Company's wholly owned subsidiary Earthcom Service C. Por
A., in accordance with new regulations regarding corporations that
went into effect April 29th, 2011, has positioned itself to qualify
for submittal of a bond offering in the Dominican Republic. The
company expects to file the documentation for a $25 million bond
offering.
The Company seeks to acquire parallel finance vehicles rather
than rely solely on one entity; the filing will also act as an exit
vehicle for potential investor opportunities. As the Company
prepares the required filings for registration of the securities,
O2 has contacted Fitch Ratings to rate the secondary and expects
the bonds to be rated between BB and BBB, with a coupon in the
range of 9.25% to 9.75%, which is typical of a bond rating in this
region.
Earthcom Service C. Por A. has strategized to gain a sizable
portion of the wireless industry in the Dominican Republic, a
territory boasting 8.8 million current potential customers.
O2 Secure Wireless is also moving forward with the domestic
projects underway in Florida, and was recently mentioned in an
article in the Palm Coast Observer. To view the article in its
entirety go to:
http://www.palmcoastobserver.com/news/palm-coast/News/052620111215/Wireless-company-to-hire-40
Mr. Kazia, President and CEO of O2 Secure Wireless, Inc.,
states, "We are pleased with the progress that the Company has
made. It has been a challenging and tedious process, but we know
that the most rewarding of endeavors are not easily or quickly
achieved. We are intent on getting the bond offering completed in
anticipation of the execution of the next stage of our penetration
strategy into the Dominican territory."
About O2 Secure Wireless: O2 Secure
Wireless is a Company that manages numerous wireless tower
facilities development both in the US and abroad. The Company is
also instrumental in the development of wireless communication
services in the Caribbean as well as 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 of 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.
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For more information visit our website at
http://o2securewireless.com or contact Investor Relations:
Gibraltan Financial (407)830-9777
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