US Wireless Online Inc. (UWRL) Introduces USA Merger Co to Finalize China Merger Shortly
HENDERSON, NV, May 5 /PRNewswire-FirstCall/ - US Wireless Online, Inc. (UWRL; www.uswirelesscorporation.com/) is pleased to introduce its USA targeted merger candidate Go Green Electronic Recycling (www.gogreenelectronicrecycling.com). The company anticipates the close of the 1st merger by the end of May, 2010. The management also scheduled meetings with the China based candidates, when its agents visit China May 15 to 30.
The appointment of new officers, the President and Vice President of UWRL (Corporate Release was released on April 21, 2010, http://minamarmarketinggroup.helpserve.com/).
A source close to the UWRL management stated, "The idea is to vend in a China-based company with strong assets as a primary business, and a USA startup company such as GGER as the secondary business. The merger with GGER concludes one of several USA - Canada based secondary merger negotiations. At the conclusion of this first of many mergers in UWRL will mean - the issuer in Distress Rank - is gone. We can move on onto new, better things, attract new business contracts and focus on growth.
UWRL will purchase the GGER and one of the China targeted companies for consideration of 500 million shares of its restricted stock. These shares, issued in the name of GGER, will be held in escrow by the third party for a period of one year. If GGER meets all business and financial milestones set up by the company, the shares shall be released to GGER and China companies. They will still not be able to trade or enter the free market subject to US security laws. If the merger companies fails to achieve these reasonable milestones, the shares issued will return to the UWRL and will be canceled.
Further on merger negotiations, the company continues discussions with a number of strong, China-based candidates with substantial assets and solid business models to vend in as the main subsidiary. In this regard, the company dispatched its agents, who will negotiate and conduct due diligence with the targeted Chinese candidates at the end of May (15-30, 2010). These candidates will represent the "core" subsidiary of the UWRL, offering large assets and solid, growth-oriented business models.
Subsequently, as the details of the upcoming China merger unravel, the UWRL management will appoint the primary China based CEO of UWRL and directors.
The company's future plans include search for viable partners, not excluding merger opportunities in the recycling and other eco-industries, and search for new green technologies with practical applications and new niches in this growing field.
Just so that we are clear there are several China companies that have put their hand up on UWRL plus a software company here. The idea is to have UWRL become a conglomerate holding company all in the communications / software / small appliance green recycling (telephone - communications) industry."
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. In this regard, Mina Mar Group works diligently to answer and address all the pressing issues regarding its clients to the shareholders' satisfaction. MMG is in constant contact with the companies, addressing, obtaining, processing and processing all inquiries. Depending on the location of the issuer it may take up to several days, depending on the company's location and management's availability to address these pressing issues. MMG is often one of the advisors or IR companies utilized by the issuer. In a normal course of business and a pending transaction the issuer may opt to remain silent in order not to lose advantage to a competitor. MMG is mindful that sometimes shareholders want answers now, which for above reasons cannot be fulfilled on a timely basis.
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 like investorshub.com and other posters, and the remedies available to you as an individual investor. MMG encourages the readers to visit this investorshub.com blog and similar "investors" web sites with an open mind. Discover for yourself why and how USA small based businesses and the back bone of the economy suffer. Stay informed and do not allow entrepreneurs dreams, innovations, and their access to capital to be thwarted as "scalpers" and day traders vigorously day in and day out try to exploit and extinguish US innovation and progress for quick profits.
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 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.
SOURCE US Wireless Online, Inc.
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