US Wireless Online (UWRL) General Corporate Update
Clearwater FL -- September 3, 2010 -- UWRL's US based operating subsidiary Go Green Electronic Recycling and UWRL management is using this opportunity to provide general update on various business matters.
Currently, the company is impeded with a "caveat emptor" ranking of its security on Pink Sheets (OTCMarkets.com). The company is currently completing all the necessary documents, to satisfy OTC Markets to have this negative rank removed. This includes a legal opinion, which it will file shortly in order to address this matter. The company has retained a Texas based law firm with over 30 years of experience to assist it in this task. The company is hopeful to have this matter resolved shortly. UWRL also has a merger in a holding pattern; a China based gaming company, vu365.com. That merger is alive and well and in a holding pattern, awaiting satisfaction of the caveat emptor ranking. The previously announced Welcome Place is a separate candidate that was previously announced which is alive and well and still in the loop and plans of UWRL.
The company is aware that there is an oversold position, or perhaps, the caveat emptor ranking has created downward pressure on our share values - share price. The company is mindful of this as it works to address this matter. On the operational side of Go Green its business as usual as the company continues to work through some of its logistical chain supply and distribution channels. In summery our business is doing well and continues to operate on an upward momentum.
The company will follow further updates as it becomes available.
About Mina Mar Group:
Mina Mar Group pioneered the "Go Public Free" program, the first firm to challenge the short sellers, stock bashers and repeal of the "Communication Decency Act". Visit www.minamargroup.com/ice to learn more.
Mina Mar Marketing Group, MMMG (www.minamargroup.net) offers publicly traded companies full array of services such as Investor Relations and maintenance investor awareness.
To be included in company's email database for press releases, "Friday Tips", Monday Analysis industry updates, and company activity that may or may not be news released, please subscribe for opt-in mailer at http://www.minamargroup.com/updates.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of US Wireless Online, Inc. 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. cautions you that any forward-looking information provided by or on behalf of US Wireless Online, Inc. 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.'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.'s control. In addition to those discussed in US Wireless Online, Inc.'s press releases, public filings, and statements by US Wireless Online, Inc.'s management, including, but not limited to, US Wireless Online, Inc.'s estimate of the sufficiency of its existing capital resources, US Wireless Online, Inc.'s ability to raise additional capital to fund future operations, US Wireless Online, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match US Wireless Online, Inc.'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. 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.
For any investor relations matters, please contact, Investor Relations, 1-647-426-1640; 1st Level Support Retail Clients General Inquiry THE IR SUPPORT STAFF WILL ONLY DISCUSS MATTERS RELATING TO AN ISSUER IF YOU HAVE AN OPEN OR A CLOSED TICKET, WITH A TICKET REFERENCE NUMBER, www.minamargroup.net/helpdesk, Investor Relations Department Inquiry, www.minamargroup.net (IR), For (M&A) and Corporate Matters, www.minamargroup.com.
SOURCE: US Wireless Online, Inc.
CONTACT: Investor Relations:
1-647-426-1640; www.minamargroup.net/helpdesk,
Investor Relations Department Inquiry, www.minamargroup.net
(IR), for (M&A) and Corporate Matters, www.minamargroup.com
US Wireless Online:
corporate@uswirelesscorporation.com
Currently, the company is impeded with a "caveat emptor" ranking of its security on Pink Sheets (OTCMarkets.com). The company is currently completing all the necessary documents, to satisfy OTC Markets to have this negative rank removed. This includes a legal opinion, which it will file shortly in order to address this matter. The company has retained a Texas based law firm with over 30 years of experience to assist it in this task. The company is hopeful to have this matter resolved shortly. UWRL also has a merger in a holding pattern; a China based gaming company, vu365.com. That merger is alive and well and in a holding pattern, awaiting satisfaction of the caveat emptor ranking. The previously announced Welcome Place is a separate candidate that was previously announced which is alive and well and still in the loop and plans of UWRL.
The company is aware that there is an oversold position, or perhaps, the caveat emptor ranking has created downward pressure on our share values - share price. The company is mindful of this as it works to address this matter. On the operational side of Go Green its business as usual as the company continues to work through some of its logistical chain supply and distribution channels. In summery our business is doing well and continues to operate on an upward momentum.
The company will follow further updates as it becomes available.
About Mina Mar Group:
Mina Mar Group pioneered the "Go Public Free" program, the first firm to challenge the short sellers, stock bashers and repeal of the "Communication Decency Act". Visit www.minamargroup.com/ice to learn more.
Mina Mar Marketing Group, MMMG (www.minamargroup.net) offers publicly traded companies full array of services such as Investor Relations and maintenance investor awareness.
To be included in company's email database for press releases, "Friday Tips", Monday Analysis industry updates, and company activity that may or may not be news released, please subscribe for opt-in mailer at http://www.minamargroup.com/updates.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of US Wireless Online, Inc. 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. cautions you that any forward-looking information provided by or on behalf of US Wireless Online, Inc. 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.'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.'s control. In addition to those discussed in US Wireless Online, Inc.'s press releases, public filings, and statements by US Wireless Online, Inc.'s management, including, but not limited to, US Wireless Online, Inc.'s estimate of the sufficiency of its existing capital resources, US Wireless Online, Inc.'s ability to raise additional capital to fund future operations, US Wireless Online, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match US Wireless Online, Inc.'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. 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.
For any investor relations matters, please contact, Investor Relations, 1-647-426-1640; 1st Level Support Retail Clients General Inquiry THE IR SUPPORT STAFF WILL ONLY DISCUSS MATTERS RELATING TO AN ISSUER IF YOU HAVE AN OPEN OR A CLOSED TICKET, WITH A TICKET REFERENCE NUMBER, www.minamargroup.net/helpdesk, Investor Relations Department Inquiry, www.minamargroup.net (IR), For (M&A) and Corporate Matters, www.minamargroup.com.
SOURCE: US Wireless Online, Inc.
CONTACT: Investor Relations:
1-647-426-1640; www.minamargroup.net/helpdesk,
Investor Relations Department Inquiry, www.minamargroup.net
(IR), for (M&A) and Corporate Matters, www.minamargroup.com
US Wireless Online:
corporate@uswirelesscorporation.com
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