SOURCE: O2 Secure Wireless, Inc.

March 23, 2011 10:30 ET

O2 Secure Wireless Engages KPMG Dominicana to Provide Tax Planning and Advisory Services

O2 Secure Wireless Completes Final Appointments in Anticipation of Commencement of Operations

ST. AUGUSTINE, FL--(Marketwire - March 23, 2011) - O2 Secure Wireless, Inc. (PINKSHEETS: OTOW) announces that the Company has entered into an agreement with KPMG Dominicana for the purpose of assisting in financial affairs and tax preparation in accordance with Dominican Regulation.

KPMG Dominicana is the Dominican Division of one of the largest professional services firms in the world and acknowledged one of the "Big Four" industry leading auditors worldwide. KPMG International's member firms have 137,000 professionals, including more than 7,600 partners, in 144 countries.

O2 Secure Wireless is currently in the preliminary stage of securing funding to build and deliver Digital Cable, Cell, and home phone service throughout the entire region of the Dominican Republic.

It was recently announced that the Company's Chief Executive Officer, Val Kazia has returned his personal 500 Million Shares back into the Company's treasury.

By retiring the O2 Wireless shares, it's the Company's objective to substantially refine the Company's capitalization structure and position O2 Wireless' structure to more accurately represent the Company's commitment to becoming a key player in rural broadband communications; particularly in underserved territories.

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

Contact Information

  • Investor Relations:
    Gibraltan Financial
    (407)830-9777