ST. AUGUSTINE, Fla., Jan.
24, 2012 /PRNewswire/ -- O2 Secure Wireless (Pink
Sheets: OTOW) is pleased to announce that February 1, 2012, will be the "official" launch
date for the roll out of its new prepaid MasterCard that aims to
provide services to the world's growing unbanked and underbanked
population.
The prepaid Master Cards featured will be made available to all
clients domestic and abroad and will serve to additionally benefit
to the Company by way of facilitating ease of payment for services.
"We expect this action to expand the Company, and will not only
enable our existing/future clients to take advantage of a
distinctly convenient payment method, but we anticipate that
executing the opportunity to target such a large and growing part
of the population, with financial options not commonly available,
will position the Company to generate significantly increased
levels of profitably. Considering this market expects to exceed
$150 billion in 2012, we believe the
results will be a very big advancement for the company," stated
Val Kazia, CEO, O2 Secure
Wireless.
The O2USA MasterCard differs from traditional MasterCard
functionality in that it guarantees approval for all applicants
over the age of 18. With low fees, notably lower than that of other
providers such as Wal-Mart, the O2USA MasterCard will make it
possible for those without a bank account and or low credit score
to shop without restriction on a global scale.
The O2USA MasterCard works like a checking account. Once a
direct deposit is made, goods can be purchased at millions of
locations worldwide. Users are also able to withdraw money from any
ATM that displays the MasterCard, Maestro, or Cirrus acceptance
signs. The card also facilitates online shopping and bill payment.
Direct deposits are free and there are no overdraft fees. Cards can
be ordered through the Company's new websites:
www.O2usacard.com and O2tarjeta.com
Statistics estimate that there are 2.4B unbanked and
under-banked consumers worldwide; data released by KPMG suggests
the under-banked financial market includes 88 million adult
Americans with nearly $1.3 Trillion
in annual income. It is forecasted that as many as 6 million
additional Americans could join the ranks of the underserved within
the next two years given current economic conditions. KPMG
considers the "underserved" population to be those individuals
without bank accounts (the unbanked) and the "underbanked," which
it identifies as those who lack access to incremental credit. Also
its study of the underserved market identified four segments among
the financially underserved, each with distinct socio-economic
characteristics. These potential clients include: Unbanked,
Rebuilders, Work-to-pay and the Emerging retail sectors.
The O2USA MasterCard is insured by the F.D.I.C and backed by
MasterCard's Zero Liability policy, providing consumers with fully
protected financial freedom of Commerce.
Company Overview: O2 Secure Wireless is responsible for
the development of wireless Internet facilities across the
U.S. The company's recent merger with Earthcom Service Inc. has
triggered a stream of investment into underserved markets,
including flat rate pre-paid wireless telecom services in
developing countries, and the current O2USA MasterCard
facility.
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:
www.o2securewireless.com, or contact
Gibraltan Financial on (407) 830-9777
SOURCE O2 Secure Wireless, Inc.