ST. AUGUSTINE, Fla.,
Jan. 30, 2015 /PRNewswire/ -- O2
Secure Wireless, Inc. (OTC PINK: OTOW), is pleased to announce it
has completed all of the necessary steps in closing its acquisition
of Technologies Argus First de Mexico. The official closing date for this
acquisition is February 17, 2015 and
with an increase in contracts already in 2015 worth over
10 million dollars for Technologies
Argus First de Mexico, this
acquisition is worth tens of millions of dollars to the bottom line
of O2 Secure Wireless, Inc. The merged companies expect to exceed
over 25 million dollars in revenue in
2015.
"It has been such a long journey trying to build this company
the right way for my shareholders and I am truly excited to finally
be taking such a major step in making O2 Secure Wireless a
household name. This acquisition could not come at a better time
with the enormous growth that LAC is undergoing. I have been using
MetroPCS as a model for this endeavor and I firmly believe we could
not be closer to making it a reality," said Val Kazia, CEO of O2 Secure Wireless, Inc.
Recently, AT&T has announced it has decided to extensively
explore the Mexican telecom market for future growth. In keeping
with this objective, the company has decided to acquire the Mexican
operations (popularly known as Nextel de Mexico) of currently bankrupt wireless
operator NII Holdings Inc. The acquisition of Nextel de
Mexico will add around 3 million
subscribers in AT&T's kitty. Notably, just a couple of weeks
ago, AT&T completed the acquisition of Grupo Iusacell SA from
billionaire Ricardo Salinas for
$2.5 billion to expand further into
Latin America. Grupo Iusacell SA
is the third largest wireless service provider in Mexico. The takeover of Iusacell had added
around 9.2 million subscribers to AT&T's base.
"The acquisitions being made by AT&T in Mexico positively affect my company. We
currently service many of the clients of the acquired companies and
with the billions of dollars about to be injected into the region
now, our company will beat expectations and take us and O2 Secure
Wireless to a level we have not yet dreamed of. The closing of our
acquisition is more important now then ever," said Luis Galvis president of Technologies Argus
First de Mexico S.A. de C.V.
The immediate plan is to expand the OTOW Network in Latin America and the Caribbean (LAC). With the acquisition of
Technologies Argus First de Mexico, O2 Secure Wireless, Inc. puts its
footprint in the fastest growing telecommunications region. With
Latin America and the Caribbean (LAC) being a region that includes
some of the world's most important emerging markets, 2015 telecom
service spending is forecasted to grow more than 5% from 2014's
$201 billion dollars. This statistic
shows the forecasted annual worldwide spending in the telecom
services industry from 2013 to 2018 which is over 1,927 billion U.S. dollars.
About O2 Secure Wireless, Inc.
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 and in Latin
America and the Caribbean.
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 and expanding into
Latin America and the Caribbean with the acquisition of Technologies
Argus First de Mexico.
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.
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SOURCE O2 Secure Wireless, Inc.
