US Wireless Online, Inc. (UWRL) Eyes Encryption Software Company for Merger
October 05 2010 - 7:45AM
Marketwired
US Wireless Online, Inc. (PINK SHEETS: UWRL)
(www.uswirelesscorporation.com) management is pleased to inform the
public of a new merger candidate: a Canada-based encryption
software manufacturer named Encrypt Stick™
(http://encryptstick.com/).
EncryptStick™ software turns any Flash Drive into a portable
Digital Privacy Manager (DPM). The Digital Privacy Manager allows
any user to easily protect, secure and manage their sensitive
digital files and protect their personal identity from being
stolen.
Encrypt Stick™ uses the world's strongest and fastest encryption
algorithm, 512 bit polymorphic encryption, to protect personal
electronic data and information including online banking
information, login ids and passwords. There have been over 4
million worldwide downloads of the encryption algorithm, and it has
never been compromised in any way.
Consumers can download and run EncryptStick™ software from their
own flash drive, or purchase a preloaded 4 GB flash drive from the
company. EncryptStick™ software makes proprietary data, personal
files, and entire applications impossible to access, guaranteeing
the security of one's intellectual property even if it is on a
laptop or computer that is lost, stolen, hacked or broken. The
software is compatible with both PC and Apple platforms.
In addition to this unheralded level of protection against data
theft and all types of viruses, a password management tool lets
users organize their passwords in one secure place and access them
without fear that those passwords can be stolen. A military wipe
function will permanently delete any file from any computer.
UWRL is intrigued by the great promise shown by this company,
particular considering the current worry about online threats and
intellectual property theft in business and academic circles. UWRL
management and its M&A firm have worked hard to secure interest
in this company and to obtain permission for the disclosure of the
targeted company. Henceforth UWRL management respectfully requests
its shareholders and followers not to contact any representative of
EncryptStick™ until the transaction is complete.
Jeff Alan, IR for UWRL said, "Just so that our followers are
clear on the process, UWRL is working hard with its solicitors to
complete the Adequate Disclosure for OTC Markets which should be
filed shortly. Hopefully this will lift the caveat rank from the
UWRL quote. Moreover, merger opportunities are presented to various
compatible issuers and each issuer bids for acquisition of the
assets, and in no way does this constitute a "done deal" until such
time that all the paperwork is completed."
UWRL will keep shareholders informed as this merger process
continues. Prospective investors are invited to view a presentation
about the company here: http://www.youtube.com/watch?v=52_KhudJ4mQ.
For the full list of EncryptStick™ features, visit the
http://encryptstick.com/encrypt-stick-features.
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Safe Harbor Statement
Information in this news release may contain statements about
future expectations, plans, prospects or performance of US Wireless
Online, Inc. that constitute forward-looking statements for
purposes of the Safe Harbor Provisions under the Private Securities
Litigation Reform Act of 1995. The words or phrases "can be,"
"expects," "may affect," "believed," "estimate," "project" and
similar words and phrases are intended to identify such
forward-looking statements. US Wireless Online, Inc. cautions you
that any forward-looking information provided by or on behalf of US
Wireless Online, Inc. is not a guarantee of future performance.
None of the information in this press release constitutes or is
intended as an offer to sell securities or investment advice of any
kind. US Wireless Online, Inc.'s actual results may differ
materially from those anticipated in such forward-looking
statements as a result of various important factors, some of which
are beyond US Wireless Online, Inc.'s control. In addition to those
discussed in US Wireless Online, Inc.'s press releases, public
filings, and statements by US Wireless Online, Inc.'s management,
including, but not limited to, US Wireless Online, Inc.'s estimate
of the sufficiency of its existing capital resources, US Wireless
Online, Inc.'s ability to raise additional capital to fund future
operations, US Wireless Online, Inc.'s ability to repay its
existing indebtedness, the uncertainties involved in estimating
market opportunities, and in identifying contracts which match US
Wireless Online, Inc.'s capability to be awarded contracts. All
such forward-looking statements are current only as of the date on
which such statements were made. US Wireless Online, Inc. does not
undertake any obligation to publicly update any forward-looking
statement to reflect events or circumstances after the date on
which any such statement is made or to reflect the occurrence of
unanticipated events.
Contacts: Investor Relations: 1-647-426-1640;
www.minamargroup.net/helpdesk, Investor Relations Department
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