O2 Secure Wireless announces acquisition target in Mexico
ST. AUGUSTINE, Fla., Oct. 30, 2014 /PRNewswire/ -- O2 Secure Wireless, Inc. (OTC PINK: OTOW), is pleased to announce that the company is currently in negotiations to acquire Technologies Argus First de Mexico S.A de C.V., who services the telecom industry for Mexico. This target acquisition brings a stable environment and revenue to benefit the shareholders and the overall growth of O2 Secure Wireless as the company begins the uplisting process to the OTCBB exchange.
"Our valuation team and acquisition target company estimates that this acquisition will bring up to $20 million dollars in gross revenue stream to O2 Secure Wireless Inc. from service contracts that are already in place," said Val Kazia, President of O2 Secure Wireless Inc.
Technologies Argus First de Mexico S.A de C.V started operations in 2001, and since then the company is engaged in the marketing of power systems, the provision of services, equipment installation, maintenance of cell sites, repair of power equipment and many other areas of business in its sector. From the inception of the company, First Argus Technologies established themself as one of the best companies and services to meet the needs of its customers in the area of telecommunications. They have a fully qualified staff and the eagerness of service facilities necessary to achieve these goals. Today, Technologies Argus First de Mexico S.A de C.V takes a prominent position in the market and increase its investment to expand opportunities for its clients in Mexico as well as the launch of a new plant which is also aims to reduce delivery times, cost optimization, strengthening a more aggressive marketing strategy, removing logistical problems in accessing new markets and consumers, and above all, the creation of jobs in support of the Mexican economy.
Mexico will see 22% growth in the number of smart connected device shipments by the end of 2014 with some 37 million, consultancy IDC said. IDC forecasts the Latin American market for smart connected devices grew over 43% in 2013 resulting in 140 million of such devices. The growth in these devices in Mexico was the biggest in the region. IDC predicted the Internet of Things represented US $539 billion in Latin America by the end of 2013 and grew over 14% in 2014, above the global average forecast by IDC of 10%.
According to Cristina Rivas, head of consumer research for IDC Mexico, the PC market is maturing and though consumers are opting for alternative means of connecting to the internet, PCs are still the main tool for content creation.
Mexico's economy expanded more than forecasted in the second quarter of 2014 as a rebound in U.S. demand boosted exports, helping Latin America's second-largest economy recover from six months of disappointing growth. Its Gross domestic product climbed 1 percent from the previous three months, faster than first-quarter growth that was revised up to 0.4 percent (the national statistics institute reports). The median forecast of 14 economists surveyed by Bloomberg was for growth of 0.8 percent. GDP grew 1.6 percent from a year earlier, down from 1.9 percent in the first quarter, as Easter fell in April this year instead of March.
About Technologies Argus First de Mexico S.A de C.V
Argus provides long term maintenance for telecom providers at cell sites which includes site and tower inspection, security, landscaping power supply maintenance, battery replacement, fabrication, assembling, purchase and sale packaging, equipment and distribution of regulators in General Electric low voltage applications for Wireless Optical Fiber in Bandwith for traditional telephone and similar products.
About O2 Secure Wireless Inc.
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 merger with Earthcom Service Inc., the Company is currently being structured to provide affordable flat rate pre-paid wireless services in developing countries internationally.
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For more information visit our website: http://www.o2securewireless.com or [email protected]
SOURCE O2 Secure Wireless, Inc.
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