US Wireless Online, Inc.
PINK SHEETS : UWRL

October 05, 2010 07:45 ET

US Wireless Online, Inc. (UWRL) Eyes Encryption Software Company for Merger

CLEARWATER, FLORIDA--(Marketwire - Oct. 5, 2010) - US Wireless Online, Inc. (PINK SHEETS:UWRL) (www.uswirelesscorporation.com) management is pleased to inform the public of a new merger candidate: a Canada-based encryption software manufacturer named Encrypt Stick™ (http://encryptstick.com/).

EncryptStick™ software turns any Flash Drive into a portable Digital Privacy Manager (DPM). The Digital Privacy Manager allows any user to easily protect, secure and manage their sensitive digital files and protect their personal identity from being stolen.

Encrypt Stick™ uses the world's strongest and fastest encryption algorithm, 512 bit polymorphic encryption, to protect personal electronic data and information including online banking information, login ids and passwords. There have been over 4 million worldwide downloads of the encryption algorithm, and it has never been compromised in any way.

Consumers can download and run EncryptStick™ software from their own flash drive, or purchase a preloaded 4 GB flash drive from the company. EncryptStick™ software makes proprietary data, personal files, and entire applications impossible to access, guaranteeing the security of one's intellectual property even if it is on a laptop or computer that is lost, stolen, hacked or broken. The software is compatible with both PC and Apple platforms.

In addition to this unheralded level of protection against data theft and all types of viruses, a password management tool lets users organize their passwords in one secure place and access them without fear that those passwords can be stolen. A military wipe function will permanently delete any file from any computer.

UWRL is intrigued by the great promise shown by this company, particular considering the current worry about online threats and intellectual property theft in business and academic circles. UWRL management and its M&A firm have worked hard to secure interest in this company and to obtain permission for the disclosure of the targeted company. Henceforth UWRL management respectfully requests its shareholders and followers not to contact any representative of EncryptStick™ until the transaction is complete.

Jeff Alan, IR for UWRL said, "Just so that our followers are clear on the process, UWRL is working hard with its solicitors to complete the Adequate Disclosure for OTC Markets which should be filed shortly. Hopefully this will lift the caveat rank from the UWRL quote. Moreover, merger opportunities are presented to various compatible issuers and each issuer bids for acquisition of the assets, and in no way does this constitute a "done deal" until such time that all the paperwork is completed."

UWRL will keep shareholders informed as this merger process continues. Prospective investors are invited to view a presentation about the company here: http://www.youtube.com/watch?v=52_KhudJ4mQ. For the full list of EncryptStick™ features, visit the http://encryptstick.com/encrypt-stick-features.

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Safe Harbor Statement

Information in this news release may contain statements about future expectations, plans, prospects or performance of US Wireless Online, Inc. that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project" and similar words and phrases are intended to identify such forward-looking statements. US Wireless Online, Inc. cautions you that any forward-looking information provided by or on behalf of US Wireless Online, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. US Wireless Online, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond US Wireless Online, Inc.'s control. In addition to those discussed in US Wireless Online, Inc.'s press releases, public filings, and statements by US Wireless Online, Inc.'s management, including, but not limited to, US Wireless Online, Inc.'s estimate of the sufficiency of its existing capital resources, US Wireless Online, Inc.'s ability to raise additional capital to fund future operations, US Wireless Online, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match US Wireless Online, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. US Wireless Online, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.

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