CHEYENNE, WYOMING--(Marketwired - Aug. 23, 2013) - US Wireless Online, Inc. (UWRL) (www.uswirelesscorporation.com) (the "Company") announces that further to the Company's news releases of July 26 and August 22, 2013, the Company is pleased to report that it has successfully closed its merger with India-based IT company Key Technolabs Pvt. Ltd. (www.keytechnolabs.com).
Rajesh Babaria, incoming CEO of UWRL, said, "At Key Technolabs, we are constantly looking to develop easy solutions to complex problems. For the last few weeks, our analyst team has been working on an idea related to the e-commerce industry. We are looking to develop a platform wherein people can build their own e-commerce shop within minutes. They can establish their store, sell products, accept payments and even promote their individual brands. Lots of people are looking forward to selling their products online, but many do not succeed due to the time-consuming and expensive process of building e-commerce stores online. This means that only people with enough funds can build online stores, which is a crucial limitation to the growth of the online industry.
"This idea is entirely different from Amazon or eBay, where people can only sell their products. Here people can build their stores, their brands, and unique identities, which also opens doors to business expansion and investor opportunities. So our platform will be a parent-store to all e-commerce stores built. This will allow us to manage lots of stores, products, and ultimately businesses. The platform is supposed to charge a little monthly rent to manage e-commerce stores. We believe this will be a game-changer in the web industry, opening infinite horizons in online commerce."
About Key Technolabs
At Key Technolabs, we dabble in the area of web design, interactive web development, Search Engine Optimization, Digital Marketing, Brand Building, e-Commerce and Mobile software programming, with effortless competence and myriad creativity. From our beginnings, the journey has been enriching, satisfying and conducive for our clients as well as the Key Technolabs team.
More details will follow on a timely and frequent basis.
Safe Harbor Statement
Information in this release may contain statements about future expectations, plans, prospects or performance of US Wireless Online, Inc. (UWRL) 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. (UWRL) cautions you that any forward-looking information provided by or on behalf of US Wireless Online, Inc. (UWRL) 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. (UWRL)'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. (UWRL)'s control. In addition to those discussed in US Wireless Online, Inc. (UWRL)'s press releases, public filings, and statements by US Wireless Online, Inc. (UWRL)'s management, including, but not limited to, US Wireless Online, Inc. (UWRL)'s estimate of the sufficiency of its existing capital resources, US Wireless Online, Inc. (UWRL)'s ability to raise additional capital to fund future operations, US Wireless Online, Inc. (UWRL)'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match US Wireless Online, Inc. (UWRL)'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. (UWRL) 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.