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OTOW O2 Secure Wireless Inc (CE)

0.0001
0.00 (0.00%)
19 Jul 2024 - Closed
Delayed by 15 minutes
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

O2 Secure Wireless, Inc. Announces Earthcom Service Inc.'s Entrance Strategy Into the Dominican Republic

02/07/2010 1:03pm

GlobeNewswire Inc.


O2 Secure Wireless (CE) (USOTC:OTOW)
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O2 Secure Wireless, Inc. (Pink Sheets:OTOW) is pleased to announce that through its subsidiary, Earthcom Service Inc., the Company has entered into the Dominican marketplace and currently maintains assets in the country as the company secures its coverage objective.

There have been recent increasing reports of continual down time and service unreliability in the Dominican cellular services market. Earthcom believes that these conditions are favorable to its strategy of gaining market share by initially penetrating the cellular market and introducing other services, such as wireless cable, internet, and home telephone, as its coverage area continues to expand. According to the Company's strategy, it is expected that there will be a high demand for Earthcom's services in light of these current conditions.

As reported on DR1.com, the Dominican Telecommunications Institute (Indotel) has warned that the quality of cell phone services in the Dominican Republic is declining. Jose Rafael Vargas, president of Indotel, said, "The office plans to conduct an in-depth study with foreign consultants to examine the quality of mobile communications and the Internet networks to establish what actions and corrections are needed to be made, as reported in Hoy." The report continues: "Vargas, who has been elected as senator for Espaillat (Moca), warned that there has been deterioration in the country's mobile services. He made the comment when calling it 'one of the dark points' in the celebration of the 15 years of Internet service in the DR."

"We have gone from having one of the best communication networks to one of the worst communication networks; that is the threat, and the great challenge, that is the dark side of what we celebrate today," stated Jose Rafael Vargas, president of Indotel. He continued by commenting that the decline in the quality of the service threatens competitiveness.

Recently, Andres Vanderhorst, executive director of the National Competitiveness Council, has also warned that the country's business sector is suffering because many companies depend on quality communications and this had been part of the national competitiveness strategy until the decline in quality that is now raising concerns.  "The DR is suffering from a serious problem in the quality of its mobile services that threaten the competitiveness of the country in its whole," Andres Vanderhorst stated during his keynote speech at a cocktail reception at the Hotel Jaragua to celebrate the anniversary of the arrival of the Internet to the country. http://www.7dias.com.do/app/article.aspx?id=75108

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

CONTACT:  O2 Secure Wireless, Inc.
          Val Kazia
          (386) 338-7788

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