SOURCE: O2 Secure Wireless, Inc.

March 16, 2011 10:55 ET

O2 Secure Wireless, Inc. Enters Into Lease Agreement to Build Tower and Provide Coverage in Polk County, Florida

ST. AUGUSTINE, FL--(Marketwire - March 16, 2011) - O2 Secure Wireless, Inc. (PINKSHEETS: OTOW) announces that the Company has secured a Lease Agreement in an underserved community near the City of Lake Wales within Polk County, Florida, where the Company intends to place a tower which will enable O2Secure Wireless to provide service coverage as well as being a resource provider to wireless carriers in this area.

O2 Secure Wireless continues its expansion strategy in territories that not only have a good potential for new broadband services clientele, but where the towers can simultaneously serve other wireless carriers therefore creating multiple revenue sources.

The City of Lake Wales Florida is located in Polk County and lies among rolling hills on the highest ground in peninsular Florida. In the valleys around Lake Wales, there are many clear lakes that furnish year-round recreational opportunities. The city is located in the geographical center of the Florida peninsula, and the stated goal of the City Commission and the city administration is to encourage and facilitate quality growth and economic development to the Population of 13,076 over nearly 20 square miles.

With this agreement in place O2 Secure Wireless can expand the areas to which it is delivering services domestically, augmenting the Companies recent achievement of entering the Floridian market through an agreement in Palm Coast and Flagler County. The packages are designed to be priced competitively, with the median revenue per client to be estimated at $90 to $100 per month.

"We are enthusiastic about how the momentum is picking up with our US division. As our domestic operations are continuing to develop, we will be adding more dramatically underserved territories like Lake Wales, and expect that our success in these areas will be great due to the lack of competition. Our other leased tower sites are currently going through the due diligence period and are progressing towards zoning filings," stated Val Kazia, President, Earthcom Service Inc.

O2 Secure Wireless recently announced two domestic property lease agreements in Florida; one in the City of Pembroke Pines Florida, where it intends to build its initial tower, and the other in St. Augustine, Florida.

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.

Contact Information

  • For more information visit our website at http://o2securewireless.com or contact:
    Investor Relations:
    Gibraltan Financial
    (407)830-9777