O2 Secure Wireless Increases Share Structure From 1.5 Bln To 8 Bln Shares

8/24/2012 8:31 PM ET

O2 Secure Wireless, Inc. (OTOW) said Friday that it has increased its share structure from 1.5 billion to 8 billion shares inorder to raise the capital sought after to complete the projects in Palm Coast Florida, and the Dominican Republic.

The company said it is now prepared to move forward with the building of what it expects will be the chief venues of revenue both in the Domestic and Abroad.

O2 Secure had recently announced that the Depository Trust Company, has removed the limited "chill" status from its stock, and is now allowing O2 Secure Wireless, Inc.'s stock to resume being deposited with the DTC to enable normal electronic trading of the shares.

Click here to receive FREE breaking news email alerts for O2 Secure Wireless, Inc and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

<<Previous 154 Articles

Editors Pick

Adobe Profit Tops Estimate

Publishing and design software maker Adobe Systems Inc. said Tuesday after the markets closed that its second quarter profit fell 66% from last year, hurt by lower revenue as well as higher costs and expenses. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations and its quarterly revenue was in line with analysts' forecast.

Stocks Show Strong Upward Move Ahead Of Fed Announcement - U.S. Commentary

Stocks showed a strong upward move over the course of the trading day on Tuesday, adding to the gains posted in the previous session. The rally came even as traders expressed some uncertainty ahead of tomorrow's Federal Reserve announcement. The major averages gave back some ground going into the close but remained firmly in positive territory.

Boehner Indicates Immigration Bill Must Have Majority GOP Support

In a potential roadblock to comprehensive immigration reform legislation, House Speaker John Boehner, R-Ohio, indicated Tuesday that he would not bring a bill to the floor unless it is supported by a majority of House Republicans.