ST. AUGUSTINE, Fla., Jan. 22, 2015 /PRNewswire/ -- O2 Secure Wireless Inc. (OTC PINK: OTOW) is pleased to release this update to its shareholders, which provides an overview of the successes, challenges and anticipations of 2015.
O2 Secure Wireless Inc. is pleased to announce that it expects non-dilutive funding to become readily available to the Company through Institutional Banks and several Investment Ventures. The Company is working with specialized divisions within various Institutional banks that offer comprehensive suites of products and services tailored for the Company and for the growth and protection of its shareholders. These are relationships, Val Kazia, CEO of O2 Secure Wireless has been solidifying for some time. "It has taken me a few years to build these relationships and prove to these Institutions that as small as we may be, we will eventually be one of their most successful and largest clients," said Val Kazia.
In December, O2 Secure Wireless Inc. informed its shareholders that it was near completion of its acquisition of Technologies Argus First de Mexico, tapping into a multi-billion dollar market with millions in revenue. The final phase of the acquisition has been delayed due to a large influx of new orders Technologies Argus First de Mexico has received, however it is finally near completion. This acquisition has positioned the Company for many opportunities of expansion in the worldwide telecom market.
"I am extremely pleased with how I see the upcoming growth of O2 Secure Wireless Inc. in the coming months. We have met with various governments globally, including emerging Caribbean Countries who have showed great interest in our business model, our designs and implementation of various technologies. However at the moment we are focused on the start of our first major global project. The full details of this project will be released in a timely manner," said Val Kazia.
As mentioned in 2014 the Company developed and tested smartphones and tablets with a Chinese partner. Production of the phones began and the company received its first shipment in the summer of 2014. The Company quickly discovered there was an issue with quality control and the Partnership was cancelled. Prior to Cancellation of the Partnerhsip, we spent many months on building distribution channels, distributing test models around the Country and solidifying orders. This was not in vain. The Company has been since working with part manufacturers to develop and complete a new line of LTE/GSM smartphones and tablets. These devices will be designed to work on all LTE/GSM networks worldwide. We will only produce a few high quality models at various price structures. Using our extensive resources and the Channels we have built prior to the dissolution of our previous Partnerhsip we will be assembling our own end user product line. This will allow the Company to maintain the highest quality control and upgrade features faster without the threat of delay.
"2015 will be our busiest and most successful year as we anticipate our Institutional funding allowing the launch of our first market. As I have stated in the past, Metro PCS did not begin with an over 15 billion dollar buy out. It began as a grass roots telecommunications Company looking to corner an untapped market however as successful as it has been, it has not even made a dent into the market place. The mobile penetration rate of LAC is projected to reach 126 percent this year and the number of mobile connections is projected to amount to 781 million. By the end of 2014, there was almost 1 billion Internet users coming from LAC, and that the number of telecommunications and mobile-broadband subscriptions will reach 2.3 billion globally." Said Val Kazia.
"We want to thank our shareholders for their amazing support as well as our vendors and partners who have worked side by side with us through these last several years," Val Kazia continued to say.
O2 Secure Wireless is still progressing with the following projects:
- Executing the completion of the full purchase of a Dominican Bank.
- Executing the completion of the purchase of a Central American Cable Company.
- Executing on a Purchase of a local B2B service provider.
- Development of tower facilities (now ready for zoning submittal).
- Launch of OTOW NETWORK in the coming months.
Company Overview: 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 and in Latin America and the Caribbean. 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 and expanding into Latin America and the Caribbean with the acquisition of Technologies Argus First de Mexico.
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.
SOURCE O2 Secure Wireless Inc.