O2 Secure Wireless, Inc. Announces Return of 500 Million Common Shares of OTOW to the Treasury
March 09 2011 - 11:28AM
Marketwired
O2 Secure Wireless, Inc. (PINKSHEETS: OTOW)
announces that the Company's Chief Executive Officer, Val Kazia,
will be submitting his personal 500 Million Shares back into the
Company's treasury.
This strategy is intended to contribute to the increase in
shareholder value by decreasing the number of outstanding common
shares. The CEO will alternatively be issued preferred shares in
exchange.
The shares will be returned to the treasury, and should be
posted within 72 hours on the OTCmarkets website, substantially
refining the Company's capitalization structure and positioning O2
Wireless to more accurately represent our commitment to becoming a
key player in rural broadband communications, particularly in
underserved territories.
The Company recently announced an approval from the Federal
Communication Commission for its COALS applications. This places O2
Wireless in the highly competitive arena and makes it a strong
competitor for well-known brands like Brighthouse Networks and
AT&T. This approval also contributes substantially to the
company's establishment as a viable third content provider in the
territories of the City of Flagler Beach and the City of Bunnell,
Florida, which would be serviced by O2 Wireless.
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 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.
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 at
http://o2securewireless.com or contact: Investor Relations
Gibraltan Financial (407)830-9777
O2 Secure Wireless (CE) (USOTC:OTOW)
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