| Home : August 26 2013 Computer News : US Wireless Online, Inc. (UWRL) Provides Forward Guidance and Move Forward Into a $3.9 Billion Dollar Cloud Computing Marketplace |
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US Wireless Online, Inc. (UWRL) Provides Forward Guidance and Move Forward Into a $3.9 Billion Dollar Cloud Computing Marketplace |
August 26, 2013
CHEYENNE, WYOMING--(Marketwired - Aug. 26, 2013) - US Wireless Online, Inc. (PINKSHEETS:UWRL) (www.uswirelesscorporation.com) (the "Company") further to the Company's news releases of July 26 and August 22, 2013, the Company is pleased to report its forward guidance and moving forward plans.
On or about June 28, 2011 the Company completed a reverse split of 500-1. Our authorized shares were capped at 100,000,000 as of July 3, 2012. Our float is estimated to be 12,356,800 shares based on the internal records and the fact that neither registration statement nor any shares were issued by the Company. The company did issue 3 tranches of restricted stock totaling 86,065,205 in escrow in 2011 and 2012. Those shares still remain in escrow. The purpose of the 86 million share issuance was three fold. Firstly, to settle any and all outstanding debts that remains on the books (approximately $3 million dollars). Secondly, to develop an introductory broker (IB), with the outlook to buy an existing off-shore brokerage namely www.pointzerofx.com, and a cloud computing business. This is well under way (See news dated December 4, 2012). PointZeroFX, a Seychelles-based financial company and an wholly owned subsidiary of USA based US Wireless Inc Ticker Symbol UWRL quoted on OTC Markets, is pleased to announce that PointZeroFX has successfully launched its test trading platform. Today, UWRL is a full time IB representing pointzerofx.com. Lastly, the balance of the stock is targeted to secure a merger with India IT company www.keytechnolabs.com. This merger was completed as per the previous announcement of July 26 and August 22, 2013.
Link: http://www.marketwire.com/mw/release.do?id=1824449&sourceType=3
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