Daily News logo Newsletter logo   Search News     Daily News   

US Wireless Online, Inc. (UWRL) Reports Second Quarter Financials and Addresses Pressing Issues

  Share With Friends

US Wireless Online, Inc. (PINK SHEETS: UWRL) www.uswirelesscorporation.com%2F&sa=D&sntz=1&usg=AFQjCNF5ESEqnv6XlR7UXKjec36TC9YHoA">(www.uswirelesscorporation.com) is pleased to disclose the financial statements of Go Green Electronic Recycling for the January 1 - June 30, 2010, period, and address several issues that had surfaced with the investor community.

By the end of Q2, the company had not realized any revenue, and posted a net income loss of $11,000 USD. The company did not expect to accrue positive revenues at this time, since Go Green Electronic Recycling is a start-up phase company. With regards to subsequent quarters, as Go Green Electronic Recycling recently signed a major e-waste distribution agreement with a Nigerian phone company that will involve the collection and shipping millions of units, the company anticipates a move towards growth and accelerating revenues.

In other company news and updates, although the company has a policy not to comment on lashing out of its critics (stock bashers), the company comments the following rumors circulating on UWRL are unfounded, untrue and easily explained:

1) Investors cannot find a business license for UWRL in Florida, because UWRL is a holding company, operating and incorporated in the State of Maryland. The company is filing for business license with the Florida Department of State (Sunbiz) presently.

2) The Company noticed a rumor that claims that there is no operation at the company's present address. The company dismisses this claim as unfounded a fully manufactured. The company invites its shareholders to visit the facilities at their convenience.

3) Some online presences claim that there is no answer when trying to reach the company. The management informs the public, that the opposite is the truth. The company received multiple phone calls without answer on the other end of the line.

By this statement the management informs the public, that it wishes to focus on its business, and that going forward will not accept any investor phone calls and refers all inquiries to its IR representative Mina Mar Group at 1-647-426-1640.

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", 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.

CONTACT:

Investor Relations:

Tel: 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

SOURCE: US Wireless Online, Inc.


 
Support Wikipedia


Follow NewsBlaze

on Twitter

@newsblaze


Find more stories recommended by Stumbleupon.

newsletter logo

What's Hot?
1 .The McStay's 'Simple Plan' - Mired in a Metamorphosis of Mystery! - 17
2 .Saudi Journalist Faces Execution After Tweets Critical of Prophet Mohammed - 13
3 .Eastern Sports and Outdoor Show Announces Appearance of American Sporting Legend Ted Nugent - 13
4 .Religion of Peace Demonstration Hoax Photos - 11
5 .Ringo Starr and Paul McCartney Issue Complementary Singles Simultaneously! - 10
6 .Interesting Facts About Dogs - 9
7 .Brutality and Rage! Coed 'Angel' Yeardley Love Snuffed Out - 14
8 .Barclays Premier Life signs Airport AngelTM to provide Airport Lounge Pass Benefits - 9
9 .Jennifer Trayers/Fred Trayers/Danielle Robins Love Triangle: Five Riddles! - 11
10 .RealeyeZ: 3D Animation Will Transform E-commerce - 9
Updated: 7:30 PST     1958

NewsBlaze Editors

editors

NewsBlaze Writers


Writers Wanted

Help NewsBlaze provide daily news, including top stories, Home and Garden, Technology, The Environment and more. NewsBlaze Writer

Follow NewsBlaze

NewsBlaze Social Media Logos NewsBlaze Facebook NewsBlaze LinkedIn NewsBlaze Twitter NewsBlaze YouTube NewsBlaze MySpace
NewsBlaze 
Copyright © 2004-2012 NewsBlaze LLC
Use of this website is subject to our Terms of Service and Privacy Policy  | DMCA Notice |         Press Room