ST. AUGUSTINE, Fla.,
July 21, 2011 /PRNewswire/ -- O2
Secure Wireless, Inc. (Pink Sheets: OTOW) announces that the
Company wholly owned subsidiary, Earthcom Service C por A has
secured their highly anticipated Corporate Offices in Santo Domingo. The new head office will be
located in the National District.
The Company recently announced that its wholly owned subsidiary,
Earthcom Service C por A, has positioned itself to qualify for
submittal of a bond offering in the Dominican Republic. The company expects to
file the documentation for a $25
million bond offering. This Corporate Headquarter
establishment was one of the necessary milestones required for
completing the bond offering.
It was also recently announced that the Company is actively
seeking to acquire parallel finance vehicles rather than relying
solely on one funding entity. The establishment of a corporate
office will provide a much required presence, and open the door to
the culmination of these business activities. As the Company
prepares the required filings for registration of the securities,
O2 has contacted Fitch Ratings to rate the secondary and expects
the bonds to be rated between BB and BBB, with a coupon in the
range of 9.25% to 9.75%, which is typical of a bond rating in this
region.
O2 Secure Wireless has secured all the respective domain names.
The Company's marketing name in the Dominican Republic is appropriately termed
"DIGAME". Digame Wireless and Digame Cellular are the Company's
registered trademarks in the Dominican
Republic, and the domains have been secured in numerous
potentially promising countries such as Cost Rica, Antigua, Belize, Columbia, Grenada, Haiti,, Honduras, St Kitts
and Nevis, St Lucia,
Montserrat, Turks & Caicos, St
Vincent and the Grenadines,
Chile, Guyana, Venezuela, Ecuador, Anguilla, Jamaica, Panama, Puerto
Rico, El Salvador,
Dominica, and Guadeloupe.
"This is a very significant landmark in our strategy to secure
the bond offering. We are pleased with the location, and expect for
this to mark an official beginning to our presence in the Santo
Domingo Market," 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.
For more information visit our website at
http://o2securewireless.com or contact Investor
Relations: Gibraltan Financial (407)830-9777
SOURCE O2 Secure Wireless, Inc.