ST. AUGUSTINE, Fla.,
June 23, 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, announced today that it is
on track to achieve sustained profitability and positive cash-flow
in the near-term as its negotiations with a global mobile content
supplier to offer mobile entertainment content to developing
markets move toward launch of the OTOW Network.
"'At an operational level our focus on the mobile sector has
achieved positive results, with a lowering of operational costs and
increasing customer inquiries, enabling our sales teams to focus on
converting these customers with long term revenue potential for the
OTOW Network (http://www.otownetwork.com)," stated Val Kazia, CEO of O2 Secure Wireless Inc.
"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 month. 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.
Mobile local ad revenues in the U.S. are expected to hit
$4.5 billion this year, according to
a new report from BIA/Kelsey. The firm is projecting mobile local
ad revenues to more than triple over the next five years, reaching
as high as $15.7 billion in 2018.
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.
Thank you for your interest in O2 SECURE WIRELESS, INC.
For more information: http://o2securewireless.com
SOURCE O2 Secure Wireless, Inc.