ST. AUGUSTINE, Fla., July 13, 2010 (GLOBE NEWSWIRE) -- O2 Secure Wireless, Inc. (Pink Sheets:OTOW) is pleased to announce that the Company has several recent acquisition targets in negotiation. The Company seeks to acquire parallel companies with assets that will contribute to its market penetration strategy. As the Company enters into potential agreements, announcements will be published expediently.
As recently announced, Earthcom Services inc., a subsidiary of O2 wireless, has begun the implementation of its operation in the Dominican Republic. The company has strategized to swiftly gain a sizable portion of the market in the wireless industry in that territory.
Mr. Kazia states, "We are also very aware of the current stock price and the concern for shareholder value that our investors are experiencing, and want to state publicly that there has been no change to the share structure since we originally commenced trading. We are evaluating current trading reports, and have set this issue as the one of the Company's highest priorities and assure our loyal shareholders that we have set a strategy in motion to combat the suspected stock price manipulation."
About O2 Secure Wireless: O2 Secure Wireless is a Company that manages numerous wireless tower facilities development both in the US and abroad. The Company is also instrumental in the development of wireless communication services in the Caribbean as well as 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.
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