O2 Secure Wireless Inc. executes term sheet to acquire local
communications company
ST. AUGUSTINE, Fla.,
Nov. 30, 2012 /PRNewswire/ -- O2
Secure Wireless, Inc. (Pink Sheets: OTOW) is pleased to announce it
has signed a term sheet to acquire a communications company that
provides Internet and telephone services to large institutions,
local cities and counties, as well as numerous small medium sized
businesses throughout Florida.
This acquisition is strategic in nature and will immediately
bring in monthly reoccurring cash flow and resolve all of O2's
Internet backhaul and equipment colocation needs. With
operations in the Florida area,
the company provides strong sales, technical and operational
expertise to local customers.
"The established network of business relationships within
Florida that this acquisition
brings to the table is extremely valuable to O2," states Val Kazia
CEO of O2 Secure Wireless. "As we've previously announced, we
have been meeting with local school districts, colleges, and other
institutions and proposing services packages that includes wireless
and mobile technologies. This company rounds out the service
offering of O2 Secure Wireless, meaning that we can now offer a
complete set of technology and installation services related to
wired, wireless, and mobile internet, and completes our fiber
infrastructure backbone, which will save us months of network
development time. I believe that we will be able to grow this
business quickly and can improve upon this company's projected
$1M in revenue over the first three
years."
Name of the party being acquired, and terms of the acquisition
are not being released at this time to allow final due diligence to
be completed on any outstanding focus items.
About O2 Secure Wireless: O2 Secure Wireless is currently
developing numerous wireless tower facilities in the U.S. O2 Secure
Wireless 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, specifically the
Dominican Republic.
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 at: 855-222-0211
SOURCE O2 Secure Wireless, Inc.