U.S. Wireless Online, Inc. (UWRL) Comments on Recent Stock Price Volatility

UWRL to Investigate Price Movement

HENDERSON, NV, June 3 /PRNewswire-FirstCall/ - U.S. Wireless Online, Inc. (http://www.uswirelesscorporation.com) (UWRL.PK) today commented on its recent stock price activity in the Pink Sheets market.

"We have noted the trading in our stock in the last few weeks," said Michael York, UWRL President "We feel that the activity is out of line with the Company's potential are therefore going to investigate the trading activity in the Pink Sheets."

UWRL also asks that shareholders or other having any information that might be relevant to send it to the Company through its investor relations firm at http://www.minamargroup.net/helpdesk.

On Tuesday, June 1, UWRL introduced a potential merger with Canadian company Welcome Place (http://www.welcomeplace.ca/). Welcome Place provides customers with software and training to teach individuals how to become successful day traders in the futures market. Negotiations are currently underway between US Wireless Online Inc. and Welcome Place, and due diligence on the company is being conducted. UWRL is optimistic about future success of Welcome Place.

"We also wish to emphasize that our development is proceeding as planned and that we intend that there will be no dilution in the equity of the Company. We are also meeting on Monday with our advisors to address this unwarranted and substantial share price decline. The company confirms that it is not engaged in any sort of dilution and encourages its shareholders to report any unusual trading activity or cross trading or anything irregular to the US regulators. UWRL is monitoring the situation." A source close to UWRL noted.

The company reminds its shareholders and followers that UWRL was a company in duress obtained through a Nevada court custodianship. UWRL' "in peril" days are long gone and well behind it. UWRL is a great robust and up and coming company. We remind our followers that Go Green Electronic Recycling; USA based company (current subsidiary) and the Canada based Welcome Place (targeted merger candidate) will be the two secondary operating subsidiaries. They show great future appreciation and potential. The "Main" China based subsidiary remains still to be announced. The mandate for our M&A consultants are to locate an operating company with revenues in the 5 to 10 million dollar range with assets of the same. Several such candidates have been identified with UWRL agent still in China reviewing and conducting due diligence on the targeted merger companies.

In view of the recent price fluctuations this main China merger may be announced any time by the UWRL management to assist the oversold traders cover their positions.

The company reminds its shareholders and followers to monitor PinkSheets.com Filing section and also our IR company web site section "PRESS RELEASES AND FILINGS" TAB http://www.minamargroup.net/ for non newsworthy corporate updates.

For any matters relating to retail investor queries or to send the company or its IR a message please click on the "INVESTOR SUPPORT" TAB, or the direct link http://www.minamargroup.net/helpdesk.

Don't be a victim. Report a stock basher to authorities. The company is mindful that short sellers, the company competitors and stock bashers stalk small cap Pink Sheets listed companies with hidden agendas. Visit http://www.stockbasher.com/ and find out what criminal and civil actions the US authorities are taking against web sites and the remedies available to you as an individual investor.

Filings for this event are currently being reviewed and will be filed with Pink Sheets and Client Support section in due course. To be included in company's email database for press releases, industry updates, and non-weekly activity in the company that may or may not be news released, please subscribe or 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 U.S. 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. U.S. Wireless Online, Inc. cautions you that any forward-looking information provided by or on behalf of U.S. 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. U.S. 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 U.S. Wireless Online, Inc.'s control. In addition to those discussed in U.S. Wireless Online, Inc.'s press releases, public filings, and statements by U.S. Wireless Online, Inc.'s management, including, but not limited to, U.S. Wireless Online, Inc.'s estimate of the sufficiency of its existing capital resources, U.S. Wireless Online, Inc.'s ability to raise additional capital to fund future operations, U.S. Wireless Online, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match U.S. 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. U.S. 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: For any investor relations matters, please contact 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.