O2 Secure Wireless receives $50 Million Reserve Equity Financing from AGS Capital Group, LLC for the Development of its Building Projects Domestic and Abroad

Sep 21, 2012, 08:26 ET from O2 Secure Wireless, Inc.

ST. AUGUSTINE, Fla., Sept. 21, 2012 /PRNewswire/ -- O2 Secure Wireless, Inc. (Pink Sheets: OTOW) is pleased to announce its confirmation of an agreement to the terms of a $50,000,000 financing facility from AGS Capital Group, LLC subject to such financing being registered with the Securities and Exchange Commission as well as other conditions to fund the Company's wireless projects.

The Reserve Equity Financing is a long term strategic financing partnership that places O2 Secure Wireless in the determining position of how and when equity is raised, minimizing any potential compromise to the Company's capital structure. O2 Secure Wireless has secured the terms so as to ensure that funds are raised and utilized according to the best interest of the Company and by allowing the Company the full control and discretion to strategically issue stock at a discount to market,  at times that the Company considers to be most advantageous for the Company and its loyal Shareholders.  Having AGS Capital Group, LLC as a long-term partner creates funding confidence so that the Company can focus on achieving its corporate objectives. Additional details of this financing will be disclosed in a Company's S-1 filing.

"We are pleased to be funding O2 Secure Wireless to facilitate them becoming the premier cellular provider in the Dominican Republic and beyond," says Allen Silberstein, Chief Investment Officer of AGS Capital Group, LLC. He continued: "AGS Capital Group, LLC will finance O2 Secure Wireless with an innovative, inexpensive and flexible financing strategy that places O2Secure Wireless in control of how and when it raises equity, minimizing any potential dilution or disruption to its capital structure."

Val Kazia, CEO of O2 Secure Wireless stated: "We are particularly impressed with AGS Capital Group, LLC.  AGS not only has considerable financial strength but also industry knowledge and relationships. We believe that with these added resources; OTOW can finalize the completion of big dollar projects that were simply waiting for funding.  This funding is over a period of three years, which gives us appropriate equity-based financing when we require it.  This financing will launch our cellular, banking, and pre-paid debit cards to significantly higher levels."

About AGS Capital Group, LLC: AGS Capital Group provides flexible debt and equity financing solutions for growth-stage and mature public companies. With offices in Miami, Hong Kong and India, AGS Capital Group has facilitated the growth of companies within the U.S. and those domiciled in foreign markets around the globe. AGS Capital Group invests in public companies listed on all exchanges. AGS Capital Group performs fundamental analysis including credit risk, technical analysis of market trends and industry, evaluation of management team experience and corporate structure evaluation. Additional information may be found at www.agscapitalgroup.com.

About O2 Secure Wireless: O2 Secure Wireless is currently developing numerous wireless tower facilities in the U.S. O2 Secure Wireless 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, specifically the Dominican Republic.

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://www.o2securewireless.com or contact Investor Relations at: 855-222-0211


SOURCE O2 Secure Wireless, Inc.