US Wireless Online Inc. Announces Second Merger Candidate

Jun 01, 2010, 11:23 ET from US Wireless Online, Inc.

HENDERSON, NV, June 1 /PRNewswire-FirstCall/ - US Wireless Online Inc. (UWRL; is using this opportunity to introduce a potential merger with Canadian company, Welcome Place (

Welcome Place provides customers with software and training to teach individuals how to become successful day traders in the futures market. Customers learn trading strategies, trade set-ups and participate in a live trading room. The company promises that any level trader, including beginners, can achieve an 85 percent success rate daily, and the company is so certain of their method that they provide a money back guarantee, provided customers follow the system. The approach consists of intensive teaching, a materials binder, unlimited live support, unlimited software updates, and "live" data for demo trading. The trading software was designed by the founders who have nearly 10 years of trading experience.

Negotiations are currently underway between US Wireless Online Inc. and Welcome Place, and due diligence on the company is being conducted. UWRL is optimistic about future success of Welcome Place. A source close to the company says, "With the current state of the economy, and a significant unemployment rate, people are keen for alternatives to traditional employment. This is a great time for UWRL to join forces with Welcome Place, and to secure a strong position in the marketplace."

This is a company with several hundred users and enjoys a significant revenue base.

The company will announce any further news regarding this deal, and update shareholders on Pink Sheets.

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Safe Harbor Statement

Information in this news release may contain statements about future expectations, plans, prospects or performance of US Wireless Online, Inc. that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be", "expects", "may affect", "believed", "estimate", "project" and similar words and phrases are intended to identify such forward-looking statements. US Wireless Online, Inc. cautions you that any forward-looking information provided by or on behalf of US Wireless Online, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. US Wireless Online, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond US Wireless Online, Inc.'s control. In addition to those discussed in US Wireless Online, Inc.'s press releases, public filings, and statements by US Wireless Online, Inc.'s management, including, but not limited to, US Wireless Online, Inc.'s estimate of the sufficiency of its existing capital resources, US Wireless Online, Inc.'s ability to raise additional capital to fund future operations, US Wireless Online, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match US Wireless Online, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. US Wireless Online, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.

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SOURCE US Wireless Online, Inc.