UWRL - More news and the company repeats its position that the current share structure remains unchanged.
Maybe the pump crew that showed up today can get this back to .02-.03 range...
US Wireless Online, Inc. (UWRL) to Offer White Label Solutions for a Major On-Line Brokerage in EU Zone
8:32 AM ET 8/27/13 | Marketwire
US Wireless Online, Inc. (PINKSHEETS: UWRL) (www.uswirelesscorporation.com) (the "Company") is pleased to announce that it has signed an LOI (with task well under way) to commence offering "SYOB" (Start your own business) Solutions for a major on-line brokerage / liquidity provider and a market maker. Over the past 2 years, the Company has already established relationships with banks and credit card processors in Hong Kong, St. Vincent and other jurisdictions. The missing part was the backend liquidity provider and market maker which the Company has now secured. SYOB solutions are currently available for about $50,000 to $75,000 USD as transactional purchases. UWRL plans are to offer full backend CSR (Customer Service Relationship) services through our infrastructure call center in India. This service should generate the Company about $ 1,500,000 USD per annum residual income ($2,100 a month / 18hr / 5day a week support). The Company plans on offering its SYOB service at an aggressive $35,000 to $45,000 price point. Based on the Company "alpha and beta tests" research and development over the past 18 months, the management is of the opinion and expects to sell and set up approximately 45 to 50 units per annum. The management estimates that this division should generate about $1.8 to $2 Million Dollars in gross revenues. For the past 18 to 20 months the Company has also tested the viability, sustainability and performance of the SYOB system. The exercise with only organic marketing and word of mouth advertising has generated sufficient revenues to cover all expenses of the enterprise and return a decent double digit profit. Collectively the Company's various projections indicate a 50% return or net profit on both CSR and SYOB product lines.
In other company news and events, as per the news release of August 26, 2013, the Company repeats its position that the current share structure remains unchanged as follows. Our authorized shares were capped at 100,000,000 as of July 3, 2012. Our float is estimated to be 12,356,800 shares based on the internal records. 86,065,205 remain in escrow from 2011 and 2012. The Company is using this opportunity to address its followers concerns that the State of Wyoming indicates authorized shares of 1 billion and not 100 million. The Company "capped" its shares at 100 million shares. In other words, management felt that 100 million shares is sufficient to complete the India merger, settle various debts and complete all other tasks as per the news release of August 26 2013. The reason for the 1 billion shares Wyoming filing, was to have sufficient shares available for a "mega merger" with an existing IT company. These discussions are current and ongoing. This targeted Company has revenues and assets of several million dollars. Those discussions are still ongoing with due diligence well under way. The management was of the opinion that a confidentiality agreement and exploratory stage merger discussions did not warrant a public release. Obviously, if the mega merger does not take place a new filing will be made with the State of Wyoming reducing the share structure to the capped amount of 100 million shares. No further dilution or expansion other than the capped and escrowed shares is foreseen by the management. To that end, the Company intends to complete an "8k filing" with the SEC shortly which will clearly outline all of the corporate activities and cover the news releases dated May 28, July 26, Aug 22, 23, 26 and 27.
