HENDERSON, NV, March 4, 2010 /PRNewswire via COMTEX/ — US Wireless Online, Inc. (UWRL; www.uswirelesscorporation.com/) retained Mina Mar Group (http://www.minamargroup.com/) as the lead merger representative for the company’s expansive corporate interests.
Mina Mar Group will lead the company as its head Merger Corporate Advisor and its affiliate company Mina Mar Marketing Group www.minamargroup.net will take over the Investor Relations (IR) tasks. The mandate is to represent UWRL’s interests in public market, bringing the company closer to the investors’ community.
Carol Robichaud the Interim CEO of UWRL, said, “We remind our followers that UWRL is a company operating under the auspices of the court appointed guardian – custodian. We have posted a number of pdf documents on our corporate web site, www.uswirelesscorporation.com and our IR web site “CLIENT SUPPORT” section. We ask our followers to review these documents, and in particular the document named General Company update dated March 3. This document is self explanatory.
In addition, as part of our re organization plans and in preparation for the merger, the company recently filed documents to terminate the registration of its securities under Rules 12g-4(a)(1) and 12h-3(1)(i) of the Securities Exchange Act of 1934 (the “Exchange Act”). Simply, the company decided to focus on new business, search for suitable merger candidates, and bring value back into the company; thereby relieving the company of the costs, administrative burdens and competitive disadvantages associated with operating as a reporting public company.
In preparation for the merger the company recently recapitalized its Authorized Share Structure to 2 Billion Shares with State of Nevada http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=VQIxlWcbNVRRc4KRWK0zLA%253d%253d&nt7=0
The only currency the company has, are its restricted shares, and cash in a form of a loan or financing from its preferred shareholders or accredited investors. Usual process in the merger is that a company will need to be recapitalized to absorb the merger, and pay for the assets being acquired. Depending on the situation, sometimes both cash and shares are issued in the merger. Obviously, the higher the share price of our stock the less stock the company has to issue in the merger to the targeted merger company.
This merger is being created whereby these shares will be held in escrow upon the merger and remain the control block for some time after the merger. The float and the free trading shares usually remains undisturbed after the merger. The shares these companies receive are subject to insiders and control block and referred to as Rule 144 stock, and are restricted shares; meaning they cannot trade; henceforth as aforementioned the float remains undisturbed after the merger.
The company will shortly begin updating Pink Sheets with Adequate Disclosure, Updated Financials and report all relevant merger news. There is no reverse split, nor any toxic financing planned for the company. The company has made available sufficient funds and resources through its preferred shareholders and accredited investors to become a vibrant and operational company.
On that note, on February 25 the company posted possible China merger candidates on its web site. This is a preliminary list. Our merger representative operates a back office for Directors and Officers of public companies who can log in and view and begin discussions with suitable candidates. So far UWRL is targeting a China based software company customer relationship management (CRM) software. Their sales automation application gives businesses the upper hand with their sales data. The software suite appears to be comprehensive and easy to customize, with plenty of well established users. The software empowers companies to manage people and processes more effectively, so reps can close more deals. Assets and sales appear to be in a several million range.
Immediate plans include representatives and CEOs from the targeted merger companies will find their way to the Mina Mar Group Shareholders’ Conference on April 9, in Toronto where UWRL will be greeting its own shareholders and guests; for further discussions and a possible finalization of the merger transaction shortly thereafter.”
The company reminds our shareholders and followers to monitor PinkSheets.com Filing Section and also our IR company web site section “CLIENT SUPPORT” TAB www.minamargroup.net/ or this direct link http://minamarmarketinggroup.helpserve.com/ for further updates on this and other business matters. Non-newsworthy events are not press released however posted on these two separate support sites to keep our followers advised of day-to-day events. For any matters relating to retail investor queries or to send us the company directly a message please click on the “INVESTOR SUPPORT” TAB or this direct link www.minamargroup.net/helpdesk.
Don’t be a victim. Report a stock basher. The company is mindful that short sellers, the company competitors and stock bashers stalk small cap Pink Sheets listed companies with hidden agendas, where amongst other things they continuously spread false rumors, dark propaganda and innuendos in order to manipulate the trading patterns and thwart company plans for their own “quick profits” and self serving needs. The company and its supporters are monitoring these activities and those are promptly being reported on the http://www.stockbasher.com/web site. 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 other media that provide safe refuge to these individuals 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 at the company that may or may not be news released, please subscribe or opt in mailer at www.minamargroup.com/updates.