ST. AUGUSTINE, Fla., June 23, 2014 /PRNewswire/ -- O2 Secure Wireless, Inc. (OTC PINK: OTOW), a developer of domestic and international hi-speed wireless Internet facilities, Mobile Internet solutions and the OTOW Network, announced today that it is on track to achieve sustained profitability and positive cash-flow in the near-term as its negotiations with a global mobile content supplier to offer mobile entertainment content to developing markets move toward launch of the OTOW Network.
"'At an operational level our focus on the mobile sector has achieved positive results, with a lowering of operational costs and increasing customer inquiries, enabling our sales teams to focus on converting these customers with long term revenue potential for the OTOW Network (http://www.otownetwork.com)," stated Val Kazia, CEO of O2 Secure Wireless Inc.
"OTOW's ongoing strategy of integrating OTOW's domestic and international hi-speed wireless Internet facilities and Mobile Internet solutions technology to distribute high demand content is on target to produce various advertising and subscription revenue streams from multiple sources for the Company. Completion of the negotiations with the mobile content suppliers are expected to be completed this month. The parties have agreed that to maintain the confidentiality of all of the parties in order to protect any competitive interests during the period of the negotiations," commented Val Kazia, CEO of O2 Secure Wireless Inc.
Mobile local ad revenues in the U.S. are expected to hit $4.5 billion this year, according to a new report from BIA/Kelsey. The firm is projecting mobile local ad revenues to more than triple over the next five years, reaching as high as $15.7 billion in 2018.
About O2 Secure Wireless (http://o2securewireless.com)
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 merger with Earthcom Service Inc., the Company is currently being structured to provide affordable flat rate pre-paid wireless services in developing countries internationally.
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SOURCE O2 Secure Wireless, Inc.