SOURCE: O2 Secure Wireless, Inc.

July 19, 2007 11:48 ET

O2 Secure Wireless, Inc. Engaged to Provide Wireless Internet Service for Multiple Student Housing Properties at University of Texas

NORCROSS, GA--(Marketwire - July 19, 2007) - O2 Secure Wireless, Inc. (OTCBB: OTOW) is pleased to announce it has been selected by CWS Capital Partners to provide high-speed wireless Internet access for University of Texas students at three off-campus housing properties in Austin, TX. Implementation will begin in July with a scheduled completion date of August 15.

The agreement, valued at over $300,000, calls for O2 Secure Wireless to install and maintain networks for the Block on Leon, Block on 28th, and Block on Pearl student housing properties, totaling over 750 bedrooms. This service will be provided as an amenity to students and will be provided to CWS at a flat monthly fee, providing a guaranteed recurring revenue stream over the term of the contract for O2 Secure Wireless.

This is the third engagement for O2 Secure Wireless in the higher education sector, building upon successful network implementations at Tennessee Temple University and Columbia Theological Seminary.

"We are very excited to be working with CWS Capital Partners by providing this amenity to their residents," says Craig Sellars, Chief Executive Officer of O2 Secure Wireless. "This type of engagement demonstrates the focus on growing our recurring revenue, allowing for predictable cash flows and stable business operation. The shift towards aggregate billing from individual subscriber based models marks a significant step forward in solidifying our long-term growth prospects."

About O2 Secure Wireless

O2 Secure Wireless, Inc. (OTCBB: OTOW) is a premier Wireless Internet Service and Technology Provider redefining exceptional high-speed Internet access, services and support to residential communities, mobile professionals, businesses and municipalities. O2 Secure Wireless utilizes Broadband Wi-Fi to cover its customers with the most secure wireless technology and provides the highest level of customer service.

Safe Harbor

Forward-Looking Statements: This press release may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the current expectations of the management of O2 Secure Wireless only, and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Factors which could cause or contribute to such differences include, but are not limited to, factors detailed in the Company's Securities and Exchange Commission filings; economic downturns affecting the operations of the Company, adequate financing to achieve the new strategic plans, and the unavailability of general financing to complete management's overall plans and objectives. O2 Secure Wireless undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Contact Information

  • Contact:
    O2 Secure Wireless, Inc.
    Aaron King
    770-246-3784
    Email Contact