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.