O2 Secure Wireless Inc. Fully Executes Term Sheet to Acquire
November 30 2012 - 6:45AM
OTC Markets
O2 Secure Wireless Inc. Fully Executes Term Sheet to
Acquire
Operating Communications Company
ST. AUGUSTINE, FL., November 30, 2012/PRNewswire/ O2
Secure Wireless, Inc. (Pink Sheets: OTOW) is pleased to announce it
has signed a term sheet to acquire a communications company that
provides Internet and telephone services to large institutions,
local cities and counties, as well as numerous small medium sized
businesses throughout Florida.
This acquisition is essential and strategic in
nature and will immediately bring in monthly reoccurring cash flow
and resolve all of O2’s Internet backhaul equipment
needs. With operations
in the Florida area, the company provides strong sales, technical
and operational expertise to local customers.
“The established network of business relationships
within Florida that this acquisition brings to the table is
extremely valuable to O2,” states Val Kazia CEO of O2 Secure
Wireless “As we’ve
previously announced, we have been meeting with local school
districts, colleges, and other institutions and proposing services
packages that includes wireless and mobile
technologies. This
company rounds out the service offering of O2 Secure Wireless,
meaning that we can now offer a complete set of technology and
installation services related to wired, wireless, and mobile
internet, and completes our fiber infrastructure backbone, which
will save us months of network development time. I believe that we will be able to
grow this business quickly and can improve upon this company’s
projected $1M in revenue over the first three
years.”
Name of the party being acquired, and terms of the
acquisition are not being released at this time to
allow
Final due diligence to be completed on any
outstanding focus items.
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://o2securewireless.com
or contact
Investor Relations at: 855-222-0211
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