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O2 Secure Wireless, Inc. Announces it has received the Valuation of the Telecom Licenses in the Dominican Republic
O2 Secure Wireless, Inc. Announces it has received the Valuation of the Telecom Licenses in the Dominican Republic.
About this update from O2 Secure Wireless Inc
[{"type":"text","content":"O2 Secure Wireless, Inc. Announces it has received the Valuation of the Telecom Licenses in the Dominican Republic ST. AUGUSTINE, Fla., February 23, 2011 (Market Wire) -- O2 Secure Wireless, Inc. (Pink Sheets: OTOW - News) announces that the Company's wholly owned subsidiary, Earthcom Service Inc., has had the licenses evaluated by an independent third party, the accumulated value of the Company’s licensing in the Dominican Republic. Valuation of the licenses in the Dominican Republic, at the culmination, has been assessed at $36,262,210.77.These reported license valuations are based on a number of licenses secured in the Dominican Republic, where the Company is slated to have towers installed, providing the opportunity to deliver a spectrum of services including Cellular and Broadband Services to the Country. Earthcom Service Inc. has executed an aggressive territory development strategy which has been completed in the acquiring of choice property representing the highest possible range of frequency, and concluded with the securing of premium retail space for the rapid development of clientele, and advancement of solid brand recognition.\"We are very pleased to have received this assessed valuation on our licensing in the Dominican Republic. We have been awaiting these valuations for a long time. This significantly enhances the documented value of Earthcom Service Inc.\" stated Val Kazia, President, Earthcom Service Inc. 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 ...