ST. AUGUSTINE, Fla.,
Sept. 14, 2011 /PRNewswire/ -- O2
Secure Wireless, Inc. (PinkSheets:OTOW)is pleased to announce that
the Company has made progress in its expansion into the
Atlanta, Georgia territory.
The company will be launching a marketing campaign within a
few weeks to begin the accumulation process of potential customers
for internet service in the Greater
Atlanta marketplace.
O2 Secure Wireless also recently announced that the company had
signed a purchase agreement for retail space in Palm Coast Florida, with the expected closing
to transpire in October.
The Company's wholly owned subsidiary, Earthcom Service C. Por
A., has positioned itself to qualify for submittal of a bond
offering in the Dominican
Republic. The documentation is being prepared in accordance
with new regulations regarding corporations that went into effect
on April 29th 2011, and the company
is set to file the documentation for a $25
million bond offering eminently.
Earthcom Service C. Por A. also continues in its endeavor to
secure parallel finance vehicles for its Dominican Republic project, as the Company
pursues the bond securities registration process. The Company has
continually been active in its development of its strategy to gain
a sizable portion of the wireless industry in the Dominican Republic, a territory boasting 8.8
million current potential customers.
The company was recently notified that the Depository Trust
& Clearing Corporation (DTCC) had removed OTOW shares from the
Continuous Net Settlement and has put the company on a "trade for
trade" basis. The company was not informed of this action prior to
publication of the restriction by DTCC. The only information
provided has been that the company has experienced unusual
trading activity, and consequently on that basis this
particular action was taken. The company will be diligently working
with the agencies to correct this action.
Mr. Kazia states, "We are pleased with the progress that the
Company has made in its domestic operations and the expansion into
new and advantageous territories. We continue to develop our
potential client bases in these domestic areas, and foresee great
success over the next several quarters. 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, and intend to do what it takes to rectify the situation
presented by the DTCC. We want to express great and sincere
appreciation to all our loyal shareholders, and want to let you
know that we will continue to work diligently to build a great
future for the Company and advantageous returns for our
shareholders."
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.
For more
information visit our website at http://o2securewireless.com
or contact
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Investor
Relations: Gibraltan Financial (407)830-9777
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SOURCE O2 Secure Wireless, Inc.