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02 Secure Wireless, Inc. (OTOW)
O2 Secure Wireless, Inc. Announces the Valuation of
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Wednesday, June 27, 2012 9:08:17 AM
O2 Secure Wireless, Inc. Announces the Valuation of Licenses in the Dominican Republic
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.
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