O2 Secure Wireless, Inc. Closes on Purchase Agreement for Retail Space in Palm Coast Florida, Located at the European Village
ST. AUGUSTINE, Fla., Oct. 6, 2011 /PRNewswire/ -- O2 Secure Wireless, Inc. (Pink Sheets: OTOW) announces that the Company has secured a highly desirable retail location in the "European Village" in Palm Coast Florida.
The selection for the retail locale, which will be nestled in the heart of the European Village, one of the community's busy shopping centers including 100 condo units, was determined in consideration of the anticipated rapid growth and the development of solid brand recognition that this location can facilitate. O2 Secure Wireless has implemented an aggressive territory development strategy in Palm Coast Florida which has culminated in the acquiring of the retail setting.
O2 Secure Wireless has a Service Network Agreement for the considerably populated territory encompassing the city of Palm Coast Florida, representing a market potential in the range of 55,000 households. The Company has been engaging in Community events for the purpose of building brand recognition and raising awareness for the Company, with FCC approvals of its "COALS" Applications, the recent announcement with BigHeadTV, the execution of national resale agreements and the O2 Prepaid MasterCard, these give the Company a distinctly superior advantage in the marketplace. The "triple play" packages are designed to be priced competitively with the median revenue per client to be estimated at $90 to $100 per month.
"This is a very significant milestone in our strategy to build a presence in the Palm Coast territory. The retail property that we have secured is beneficially located and very well known, where our purpose of raising exposure to our Company will be highly effective, making it possible for us to achieve a high level of success in building our presence. After some delays, the pieces are finally coming together at a faster pace," stated Val Kazia , President, Earthcom Service Inc.
He continued: "I also wanted to express appreciation for the patience of our loyal shareholders in light of the recent delays and challenges that the company has faced. The slow pace of needed funding, while all funding sources are intact, it has been frustrating. We have continued to communicate and add new sources on a daily basis, and despite difficulty we are determined to move forward on our own with all resources that are available to us."
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.
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