ST. AUGUSTINE, Fla.,
July 11, 2014 /PRNewswire/ -- O2
Secure Wireless, Inc. (OTC PINK: OTOW), a developer of domestic and
international hi-speed wireless Internet facilities, Mobile
Internet solutions and the OTOW Network is pleased to announce its
global expansion for the development of international
telecommunications and data projects primarily focused in
developing countries.
O2 Secure Wireless, Inc. will be entering this Global
telecommunications sector with joint venture partners allowing them
to expand its market presence to areas of development that were
previously not available to the company. O2 Secure Wireless will
provide practical solutions for communications, data and video
services by implementing the cost effective business and design
models in these developing markets using the latest in
communication technologies. "We will continue to update our
shareholders on the progress of our global joint ventures and
negotiations of contracts with various government entities in
developing countries as they progress," said Val Kazia, CEO of O2 Secure Wireless Inc.
Val Kazia continues to say, "We
want to expand the market opportunity for the company & for our
shareholders. The countries that we are in current negotiations
with for our global expansion have little or no communications
infrastructure. These contracts may have the potential to exceed
gross sales in excess of $3 billion
over the next 5 years."
By the end of 2014, there will be almost 3 billion Internet
users, two-thirds of them coming from the developing world, and
that the number of telecommunications and mobile-broadband
subscriptions will reach 2.3 billion globally. Fifty-five per cent
of these subscriptions are expected to be in the developing world.
This corresponds to an Internet-user penetration of 40% globally,
78% in developed countries and 32% in developing countries. More
than 90% of the people who are not yet using the Internet are from
the developing world. In the Americas, close to two out of three
people will be using the Internet by end 2014, the second highest
penetration rate after Europe.
Europe's Internet penetration will
reach 75% (or three out of four people) by end 2014, the highest
worldwide. One-third of the population in Asia and the Pacific will be online by end
2014 and around 45% of the world's Internet users will be from the
Asia-Pacific region (2014 ICT
statistics).
O2 Secure Wireless, Inc. is pleased to announce a quarterly
review of the company's 2014 progress:
- The Company announced a milestone securing DTC eligibility by
The Depository Trust Company (DTC). The DTC is a subsidiary of the
Depository Trust & Clearing Corporation (DTCC), and manages the
electronic clearing and settlement of publicly traded companies.
Securities that are eligible to be electronically cleared and
settled through the DTC are considered "DTC eligible." This
electronic method of clearing securities speeds up the receipt of
stock and cash, and thus accelerates the settlement process for
investors and brokers.
- The Company announced the release of the O2 VOIP app that is
now available for download from the Google Play Store and the Apple
App Store. Downloads of the O2 VOIP app continues to increase
monthly providing the company with an additional revenue stream.
Downloads are being tracked worldwide with a large increase
recently from the Asia markets.
Mobile VoIP subscribers will near 410 million by 2015.
- The Company announced the new "OTOW Network" site will be
designed, monitored, and managed by a content merchandising staff
to showcase in-demand artists, albums, and tracks of the moment and
also the hidden gems and up-and-coming artists. Web and mobile
feature sites can quickly be created for artists or event promoters
looking to raise their profile and offer exclusives. Record labels,
event promoters, and recordings artists seeking more information
about the OTOW Network Mobile services, should visit the OTOW
Network (http://otownetwork.com)."
"OTOW's ongoing strategy of integrating OTOW's domestic and
international hi-speed wireless Internet facilities and Mobile
Internet solutions technology to distribute high demand content is
on target to produce various advertising and subscription revenue
streams from multiple sources for the Company. Completion of the
negotiations with the mobile content suppliers are expected to be
completed this quarter. The parties have agreed that to maintain
the confidentiality of all of the parties in order to protect any
competitive interests during the period of the negotiations,"
commented Val Kazia, CEO of O2
Secure Wireless Inc.
About O2 Secure Wireless (http://o2securewireless.com)
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.
SOURCE O2 Secure Wireless, Inc.