UWRL 0.01$ HUGEEEEEE NEWS ABOUT MERGER,OS AND FLOAT,REVENUES EASY GAPPER AND DOUBLE TODAY IMO TOO MUCH POSITIVE CATALYSTS,NO SHARES AT THE ASK!
UWRL 0.01 #2 BOARD MERGER NEWS 12M FLOAT 100M AS MOST RESTRICTED WAS 0.045 FRIDAY NOW 0.01 EASY TRIPLE IMO AFTER MERGER
UWRL 0.01 -65% HUGE NEWS OUT, LINK, ONLY 12.6MLN FLOAT 100M AS MOST RESTRICTED,30% OWNED BY INSIDERS!!!
UWRL -65% 0.01 STILL A BARGAIN IMHO GIVEN THE MERGER NEWS, OVERSOLD, I SEE NO RS, WHY HUGE DROP? WAS OVER 0.04 LAST WEEK
US Wireless Online, Inc. (UWRL) Provides Forward Guidance and Move Forward Into a $3.9 Billion Dollar Cloud Computing Marketp...
Us Wireless Online, Inc. (PN) (USOTC:UWRL)
Today : Monday 26 August 2013
(www.uswirelesscorporation.com) (the "Company") further to the Company's news releases of July 26 and August 22, 2013, the Company is pleased to report its forward guidance and moving forward plans.
On or about June 28, 2011 the Company completed a reverse split of 500-1. 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 and the fact that neither registration statement nor any shares were issued by the Company. The company did issue 3 tranches of restricted stock totaling 86,065,205 in escrow in 2011 and 2012. Those shares still remain in escrow. The purpose of the 86 million share issuance was three fold. Firstly, to settle any and all outstanding debts that remains on the books (approximately $3 million dollars). Secondly, to develop an introductory broker (IB), with the outlook to buy an existing off-shore brokerage namely www.pointzerofx.com, and a cloud computing business. This is well under way (See news dated December 4, 2012). PointZeroFX, a Seychelles-based financial company and an wholly owned subsidiary of USA based US Wireless Inc Ticker Symbol UWRL quoted on OTC Markets, is pleased to announce that PointZeroFX has successfully launched its test trading platform. Today, UWRL is a full time IB representing pointzerofx.com. Lastly, the balance of the stock is targeted to secure a merger with India IT company www.keytechnolabs.com. This merger was completed as per the previous announcement of July 26 and August 22, 2013.
The Company is using this opportunity to address other corporate matters that may be of interest to our loyal followers, and FAQ from our followers. The Company is aware that some Company critics may be disseminating certain disinformation about the Company activities on various Internet chat boards. To that end, the Company management comments as follows. The ex-management (Circa 2007) and ex-operating subsidiaries of UWRL were and may still be target of certain civil proceedings. UWRL has not been named nor does it expect to be. This action has nothing to do with UWRL. A default judgment of about $2.5 million against UWRL may be null and void for several reasons. One the "creditor" has been sanctioned by US authorities and second reason is the creditor appears to be out of business. The Company is of the opinion that if and any creditor comes forward with this debt, the same is expected to be settled at approximate pennies on the dollar. Obviously, should the Company settle, the escrow stock will return back to the treasury. All of this activity has created an "overhang" which prevented the Company to subscribe to OTC Markets. The Company is of the opinion that OTC Markets may finally lift this sanction. This opinion is based upon the recent invitation received by the Company from OTC Markets that will allow UWRL to commence its alternative reporting.
In 2012 the Company has also redomiciled to Wyoming from Nevada. As previously announced in a news release of May 28, 2013 the company has changed its name to Mercor Portfolio, Inc with State of Wyoming. The Company continues to trade under the ticker UWRL as the management is well under way of furnishing FINRA with documents they requested from the Company and the transfer agent to complete the switch over, to the new name and symbol.
The new board, officers and Directors will be named on the Wyoming site and filed accordingly very shortly. The Company will be answering all shareholders concerns directly via new contact email address uwrl@keytechnolabs.com. The Company expects to settle accounting with the Transfer Agent and submit its share structure to FINRA shortly. The Company is of the opinion that the unstable share price fluctuation seen recently is a one-time event for the reasons which are apparent on their face.
With the aforementioned re-organization and restructuring complete, the management sees a bright and positive future ahead as it ventures further into the cloud computing area space which has seen the market grow from $964 million in 2010 to $3.9 billion in 2013.
More details will follow on a timely and frequent basis.
Safe Harbor Statement
Information in this release may contain statements about future expectations, plans, prospects or performance of US Wireless Online, Inc. (UWRL) that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be", "expects", "may affect", "believed", "estimate", "project" and similar words and phrases are intended to identify such forward-looking statements. US Wireless Online, Inc. (UWRL) cautions you that any forward-looking information provided by or on behalf of US Wireless Online, Inc. (UWRL) is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. US Wireless Online, Inc. (UWRL)'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond US Wireless Online, Inc. (UWRL)'s control. In addition to those discussed in US Wireless Online, Inc. (UWRL)'s press releases, public filings, and statements by US Wireless Online, Inc. (UWRL)'s management, including, but not limited to, US Wireless Online, Inc. (UWRL)'s estimate of the sufficiency of its existing capital resources, US Wireless Online, Inc. (UWRL)'s ability to raise additional capital to fund future operations, US Wireless Online, Inc. (UWRL)'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match US Wireless Online, Inc. (UWRL)'s capability to be awarded contracts. All such forward- looking statements are current only as of the date on which such statements were made US Wireless Online, Inc. (UWRL) does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
Contacts:
US Wireless Online, Inc.
uwrl@keytechnolabs.com
www.uswirelesscorporation.com
------------------------------------------------------------------
UWRL 0.01 #2 BOARD MERGER NEWS 12M FLOAT 100M AS MOST RESTRICTED WAS 0.045 FRIDAY NOW 0.01 EASY TRIPLE IMO AFTER MERGER
UWRL 0.01 -65% HUGE NEWS OUT, LINK, ONLY 12.6MLN FLOAT 100M AS MOST RESTRICTED!!!
UWRL -65% 0.01 STILL A BARGAIN IMHO GIVEN THE MERGER NEWS, OVERSOLD, I SEE NO RS, WHY HUGE DROP? WAS OVER 0.04 LAST WEEK
US Wireless Online, Inc. (UWRL) Provides Forward Guidance and Move Forward Into a $3.9 Billion Dollar Cloud Computing Marketp...
Us Wireless Online, Inc. (PN) (USOTC:UWRL)
Today : Monday 26 August 2013
(www.uswirelesscorporation.com) (the "Company") further to the Company's news releases of July 26 and August 22, 2013, the Company is pleased to report its forward guidance and moving forward plans.
On or about June 28, 2011 the Company completed a reverse split of 500-1. 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 and the fact that neither registration statement nor any shares were issued by the Company. The company did issue 3 tranches of restricted stock totaling 86,065,205 in escrow in 2011 and 2012. Those shares still remain in escrow. The purpose of the 86 million share issuance was three fold. Firstly, to settle any and all outstanding debts that remains on the books (approximately $3 million dollars). Secondly, to develop an introductory broker (IB), with the outlook to buy an existing off-shore brokerage namely www.pointzerofx.com, and a cloud computing business. This is well under way (See news dated December 4, 2012). PointZeroFX, a Seychelles-based financial company and an wholly owned subsidiary of USA based US Wireless Inc Ticker Symbol UWRL quoted on OTC Markets, is pleased to announce that PointZeroFX has successfully launched its test trading platform. Today, UWRL is a full time IB representing pointzerofx.com. Lastly, the balance of the stock is targeted to secure a merger with India IT company www.keytechnolabs.com. This merger was completed as per the previous announcement of July 26 and August 22, 2013.
The Company is using this opportunity to address other corporate matters that may be of interest to our loyal followers, and FAQ from our followers. The Company is aware that some Company critics may be disseminating certain disinformation about the Company activities on various Internet chat boards. To that end, the Company management comments as follows. The ex-management (Circa 2007) and ex-operating subsidiaries of UWRL were and may still be target of certain civil proceedings. UWRL has not been named nor does it expect to be. This action has nothing to do with UWRL. A default judgment of about $2.5 million against UWRL may be null and void for several reasons. One the "creditor" has been sanctioned by US authorities and second reason is the creditor appears to be out of business. The Company is of the opinion that if and any creditor comes forward with this debt, the same is expected to be settled at approximate pennies on the dollar. Obviously, should the Company settle, the escrow stock will return back to the treasury. All of this activity has created an "overhang" which prevented the Company to subscribe to OTC Markets. The Company is of the opinion that OTC Markets may finally lift this sanction. This opinion is based upon the recent invitation received by the Company from OTC Markets that will allow UWRL to commence its alternative reporting.
In 2012 the Company has also redomiciled to Wyoming from Nevada. As previously announced in a news release of May 28, 2013 the company has changed its name to Mercor Portfolio, Inc with State of Wyoming. The Company continues to trade under the ticker UWRL as the management is well under way of furnishing FINRA with documents they requested from the Company and the transfer agent to complete the switch over, to the new name and symbol.
The new board, officers and Directors will be named on the Wyoming site and filed accordingly very shortly. The Company will be answering all shareholders concerns directly via new contact email address uwrl@keytechnolabs.com. The Company expects to settle accounting with the Transfer Agent and submit its share structure to FINRA shortly. The Company is of the opinion that the unstable share price fluctuation seen recently is a one-time event for the reasons which are apparent on their face.
With the aforementioned re-organization and restructuring complete, the management sees a bright and positive future ahead as it ventures further into the cloud computing area space which has seen the market grow from $964 million in 2010 to $3.9 billion in 2013.
More details will follow on a timely and frequent basis.
Safe Harbor Statement
Information in this release may contain statements about future expectations, plans, prospects or performance of US Wireless Online, Inc. (UWRL) that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be", "expects", "may affect", "believed", "estimate", "project" and similar words and phrases are intended to identify such forward-looking statements. US Wireless Online, Inc. (UWRL) cautions you that any forward-looking information provided by or on behalf of US Wireless Online, Inc. (UWRL) is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. US Wireless Online, Inc. (UWRL)'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond US Wireless Online, Inc. (UWRL)'s control. In addition to those discussed in US Wireless Online, Inc. (UWRL)'s press releases, public filings, and statements by US Wireless Online, Inc. (UWRL)'s management, including, but not limited to, US Wireless Online, Inc. (UWRL)'s estimate of the sufficiency of its existing capital resources, US Wireless Online, Inc. (UWRL)'s ability to raise additional capital to fund future operations, US Wireless Online, Inc. (UWRL)'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match US Wireless Online, Inc. (UWRL)'s capability to be awarded contracts. All such forward- looking statements are current only as of the date on which such statements were made US Wireless Online, Inc. (UWRL) does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
Contacts:
US Wireless Online, Inc.
uwrl@keytechnolabs.com
www.uswirelesscorporation.com
.----------------------------------------------------------------
UWRL NEWS OUT:
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.
More details including the 8k will follow shortly and on a timely basis.
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