ST. AUGUSTINE, Fla., Aug. 24, 2012 /PRNewswire/ -- O2 Secure Wireless, Inc. (PinkSheets: OTOW) announced today that the Company has increased the share structure from 1.5 billion to 8 billion shares for the purpose of raising the capital sought after to complete the projects in Palm Coast Florida, and the Dominican Republic.
"There are solid plans in place to achieve all that we have worked hard to accomplish. It's time to set the wheels in motion now that advantageous funding opportunities have become a reality for the Company. We are very excited with what has been achieved in this respect. Announcements will be forthcoming." stated Val Kazia, President, O2 Secure Wireless Inc.
O2 Secure Wireless last year announced that the Company's Chief Executive Officer, Val Kazia had returned his personal 500 Million Shares back into the Company's treasury. The Company is now prepared to move forward with the building of what the Company expects will be its chief venues of revenue, Domestic and Abroad.
The Company recently announced that the Depository Trust Company (DTC), has removed the limited "chill" status from the Company's stock, and is now allowing O2 Secure Wireless, Inc.'s stock to resume being deposited with the DTC to enable normal electronic trading of the shares.
About O2 Secure Wireless: O2 Secure Wireless is a Company that manages numerous wireless tower facilities development both in the US and abroad. The Company is also instrumental in the development of wireless communication services in the Caribbean as well as 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 of 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.