OTOW - What a Ride

After closing the previous session down 75% OTOW started the day with a 50% gap higher. Later in the day the stock was up well over 400% hitting a high of $.011 before falling almost 50% from there to close at $.0059. This was all due to a press release that came out today.

I know many of you are skeptical about mergers, but as I have said in the past these are the some of the most lucrative stocks to trade.








ST. AUGUSTINE, Fla.,, Jun 30, 2010 (eTeligis.com via COMTEX) O2 Secure Wireless, Inc. (Pink Sheets:OTOW) is pleased to announce that the Company has successfully completed a merger under which Earthcom Service Inc. has become the Company's wholly owned subsidiary. The Companies will consequently trade together on Pink Sheets under its current trading symbol (OTOW.PK).

Earthcom Service Inc. is a wireless services company founded in the United States in 2002. It is currently being structured to provide, through a subsidiary, affordable flat rate pre-paid wireless services in developing countries.

O2 Secure Wireless, Inc. is set to continue domestic operations as it pertains to the location and development of pending cell tower sites. It is also anticipated that Earthcom will provide the implementation of rural broadband, facilitated by Earthcom's FCC 3650 license.

In connection with the merger, Val Kazia, who is president of Earthcom, has also become president of O2 Secure Wireless, Inc. Mr. Kazia is sole director of both firms. The Company expects to add directors to its board in the near future.

Mr. Kazia stated, "We are very excited to be operating as a publicly traded company, as we begin to launch our highly anticipated projects. We intend to keep our shareholders fully updated as we move forward towards our projected milestones."

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 of 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: O2 Secure Wireless, Inc. Val Kazia (386) 338-7788 http://earthcomservice.com

Copyright (C) 2009 eTeligis.com, All Rights Reserved