ST. AUGUSTINE, Fla.,
Oct. 3, 2011 /PRNewswire/ -- O2
Secure Wireless, Inc. (Pink Sheets: OTOW) announces that the
Company has recently entered into an agreement with The Republic
Group of Companies to brand a MasterCard Debit Card exclusively for
02 Secure Wireless that can be distributed in all geographic
markets, including the Dominican
Republic. This development will allow the Company's domestic
division and Earthcom Service C por A, the Company's Dominican Republic subsidiary, to issue the 02
Secure Wireless MasterCard to all of its customers, which will
greatly enhance and simplify the Company's distribution of services
and customer payment processing by allowing the Company to
automatically debit the monthly service fees from the customer
through the O2 Secure Wireless MasterCard debit card. The
MasterCard debit card is an automatic issue to anyone with a
government issued ID, and therefore will accommodate all of the
Company's customers. This ability provides the Company a distinct
advantage over its competitors in the industry, while
simultaneously generating significant additional revenue without
any credit risk since the 02 Secure Wireless MasterCard is a
prepaid debit card, not a credit card.
The anticipated revenue derived from this new service extends
outside the parameters of revenue derived from the Company's
telecommunication services. Since the 02 Secure Wireless MasterCard
will be accepted anywhere MasterCard is accepted worldwide, the
Company will generate significant revenue from transaction fees by
the usage of the MasterCard for any goods or services purchased
with the Card by its customers. With a projection of the
issuance of 25,000 cards with an average usage of 6 transaction per
month, the Company would generate annual revenue in the range of
$5.3 Million dollars, not including
the Company's revenue from telecommunication services, which will
provide the Company a very advantageous new revenue stream not
enjoyed by its competitors.
"This is a very significant milestone in the Company's strategy
to create efficient and highly competitive services for our
customers. All of the Company's products and services will be
offered directly to our customers on each of our wireless service
websites in the different markets, as well as other forms of media.
We continue to focus 100% on our projects and are pleased that we
can now offer the 02 Secure Wireless MasterCard to all of our
customers," stated Val Kazia,
President, Earthcom Service Inc.
About O2 Secure Wireless: 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
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 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.