ST. AUGUSTINE, Fla.,
Oct. 30, 2014 /PRNewswire/ -- O2
Secure Wireless, Inc. (OTC PINK: OTOW), is pleased to release this
letter to its shareholders in order to provide an overview of the
plan for the last quarter of 2014 and into 2015.
We are actively working to finalize adequate funding of our
planned projects become available to us over the next few
months.
The Company is working on the following projects:
- Completing the purchase of a Dominican Bank.
- Executing on the purchase of Central American Cable
Company.
- Executing on the purchase of a local Florida B2B service provider.
- Development of tower facilities in the US.
- The launch of the OTOW Network.
- The further expansion into additional foreign markets.
The Company has signed joint venture agreements with foreign
marketing companies that have solid contacts in the telecom
industry throughout the world.
The Company will be submitting its first application for permit
for a wireless facility in the US in November, we have already met
the zoning requirements. The Company now owns 19% of the Dominican
Bank, and is working its way to the 50% that we disclosed
previously. The Company is still exploring the opportunities
presented by the Central American Cable Company and the B2B service
provider. The Company has been working with content providers in
order to acquire original content for the OTOW Network, as well as
the movie and music services that were previously disclosed. The
Company is working with outside sources to contract with additional
countries for our telecom broadband services.
The Company is close to finalizing additional licensing in the
Caribbean to provide our broadband
services. We will announce the closing of this as soon as
possible.
The US Federal Communications Commission is beginning to
consider a rule change that would put internet TV providers on the
same playing field as cable companies when it comes to select
regulations. Critically, it would mean that broadcasters wouldn't
be able to refuse to let an internet TV provider carry their
content. Instead, internet TV providers would be able to negotiate
to carry TV stations with the same ability that cable companies and
satellite companies can. That should solve the recurring issue of
internet TV hopefuls being unable to license the content they need
to get off the ground. In fact, the FCC is considering extending
rules to cover internet TV providers that Congress once put in
place to help the emergence of satellite companies. This rule
change would cover companies that are broadly known as
"multichannel video programming distributors." This could allow the
OTOW Network to grow faster than previously believed.
Footnote: (FCC INFO mentioned in a recent article by The
Verge)
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 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:
http://www.o2securewireless.com
SOURCE O2 Secure Wireless, Inc.
