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Share Name | Share Symbol | Market | Type |
---|---|---|---|
O2 Secure Wireless Inc (CE) | USOTC:OTOW | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0001 | 0.00 | 01:00:00 |
This stock repurchase program is partially in response to what appears to be a significant and concerted effort to suppress the price per share of the Company's common stock through short and/or naked short sales by third parties. Furthermore, the Company believes that despite progress in liquidity, visibility and price per share in the past quarter, the current share price is still believed to be significantly undervalued.
Simultaneously, Earthcom Service Inc., is negotiating the final details involved with the agreement to acquire a 50% equity interest in the Dominican Republic Financial Institution, and is now scheduled to close by the end of the quarter.
This agreement is exceptionally advantageous for the company, since it will not only provide an additional source of revenue, but will also provide the company's customers with a convenient method for payment of communications services. The opportunity will primarily allow the company to simplify the payment process for its wireless, cellular, cable, residential phone and internet service clients by using a prepaid MasterCard/Debit Card product for customer payments, while simultaneously providing a new bank branch location wherever a Earthcom retail storefront is created, whereas the bank's credit card merchant processing system will utilize Earthcom's wireless infrastructure for processing transactions.
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://earthcomservice.com or contact Investor Relations: Gibraltan Financial (407) 830-9777
1 Year O2 Secure Wireless (CE) Chart |
1 Month O2 Secure Wireless (CE) Chart |
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