ST. AUGUSTINE, Fla., March 19, 2014 /PRNewswire/ -- O2 Secure Wireless, Inc. (OTC PINK: OTOW), a developer of domestic and international hi-speed wireless Internet facilities and Mobile Internet solutions, announced updates on the projects that the Company has been working on, the launch of its OTOW Network and its positive impact upon implementation into our ongoing Business Plan to drive shareholder value.
The most exciting news are the updates regarding executing on the purchase of a Dominican Bank, the purchase of a Central American Cable Company, the Purchase of local B2B service provider, the Development of tower facilities and projected sales of OTOW smartphones and tablets to reach a million units in first year of sales to generate a minimum of $25 million in gross revenues.
The OTOW Network maybe the single largest step the Company has taken to date. The mobile content venture that we were able to put together may allow us to compete much sooner than if we were doing it on our own. We are surrounding ourselves with entertainment industry experts that can provide valuable insight for the new OTOW network as we move forward. When the mobile content is ready for distribution it will produce various revenue streams from multiple sources and our OTOW hi-speed wireless Internet facilities and mobile Internet solutions network is being well received by our clients and the testing of our delivery system for mobile content has been successful.
The Company has completed testing updated the smartphones 6 models and 2 tablets including a 6" 8 core smartphone. Production of the phones has started and the company expects to receive its first shipment in summer of 2014. Smartphones will outgrow the human population on earth exceeding 7.3 billion phones in 2014; this will also include replacement phones of 1.3 billion with growth in the US alone estimated at 3 million phones per month. The Company expects to capture a percentage of these phone sales in the US and growing markets. The company, in the fourth quarter decided to focus on the development of the projects and work to secure the funding needed move forward. We will be issuing a forward looking statement for 2014 in the coming weeks.
I also want to address that we are in the process of updating all of the OTOW filings and in the coming days will provide updates on orders for our products, funding, and the status of our OTOW network. It's a very exciting time for the Company and I want to personally thank our shareholders for their continued support as we grow our business. Our pledge to you is that we will keep you informed of the status of our projects and we will do everything in our power to move the Company forward and implement our Business Plan in order to provide increased shareholder value.
About O2 Secure Wireless (http://o2securewireless.com)
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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Thank you for your interest in O2 SECURE WIRELESS, INC.
Val Kazia, CEO of O2 Secure Wireless Inc.
For more information: http://o2securewireless.com
SOURCE O2 Secure Wireless, Inc.