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Wednesday, May 05, 2010 4:47:55 PM
HENDERSON, NV, May 5 /PRNewswire-FirstCall/ - US Wireless Online, Inc. (UWRL; www.uswirelesscorporation.com/) is pleased to introduce its USA targeted merger candidate Go Green Electronic Recycling (www.gogreenelectronicrecycling.com). The company anticipates the close of the 1st merger by the end of May, 2010. The management also scheduled meetings with the China based candidates, when its agents visit China May 15 to 30.
The appointment of new officers, the President and Vice President of UWRL (Corporate Release was released on April 21, 2010, http://minamarmarketinggroup.helpserve.com/).
A source close to the UWRL management stated, "The idea is to vend in a China-based company with strong assets as a primary business, and a USA startup company such as GGER as the secondary business. The merger with GGER concludes one of several USA - Canada based secondary merger negotiations. At the conclusion of this first of many mergers in UWRL will mean - the issuer in Distress Rank - is gone. We can move on onto new, better things, attract new business contracts and focus on growth.
UWRL will purchase the GGER and one of the China targeted companies for consideration of 500 million shares of its restricted stock. These shares, issued in the name of GGER, will be held in escrow by the third party for a period of one year. If GGER meets all business and financial milestones set up by the company, the shares shall be released to GGER and China companies. They will still not be able to trade or enter the free market subject to US security laws. If the merger companies fails to achieve these reasonable milestones, the shares issued will return to the UWRL and will be canceled.
Further on merger negotiations, the company continues discussions with a number of strong, China-based candidates with substantial assets and solid business models to vend in as the main subsidiary. In this regard, the company dispatched its agents, who will negotiate and conduct due diligence with the targeted Chinese candidates at the end of May (15-30, 2010). These candidates will represent the "core" subsidiary of the UWRL, offering large assets and solid, growth-oriented business models.
Subsequently, as the details of the upcoming China merger unravel, the UWRL management will appoint the primary China based CEO of UWRL and directors.
The company's future plans include search for viable partners, not excluding merger opportunities in the recycling and other eco-industries, and search for new green technologies with practical applications and new niches in this growing field.
Just so that we are clear there are several China companies that have put their hand up on UWRL plus a software company here. The idea is to have UWRL become a conglomerate holding company all in the communications / software / small appliance
green recycling (telephone - communications) industry."
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