02 Secure Wireless Inc. Unveils Roll Out Strategy to Penetrate 65 Cities, with Fully Integrated LTE Broadband Network

O2 Secure Wireless, Inc. (Pink Sheets: OTOW) announces that the Company has embarked on phase one of the LTE network penetration strategy. The Company plans to provide coverage to over 500,000 customers in under-served or un-served markets in Florida, Kentucky, Mississippi, Alabama, North Carolina, and South Carolina. The $33,000,000 loan will be administered through the Rural Utilities Service Telecommunications Program, a division of the US Department of Agriculture. In August of this year, the Washington office assigned the Company a Government Field Representative, which has preliminarily approved all 65 cities and towns for Rural Utilities Service (RUS) funding. In addition, the company has retained Mr. George Bochis as in house general counsel. Mr. Bochis was previously the SVP/General Counsel for a private real estate development and management company. During his tenure there he had oversight responsibility for a number of individual limited partnerships (28 of which have been the recipient of USDA loans and loan guarantees in excess of $110,000,000). He also served on the advisory board of a public REIT. The terms are advantageously structured for the loan to be amortized over the economic life of the network equipment and will bear an interest rate equivalent to the ten year Treasury bond presently at 2.0%. Val Kazia, CEO of O2 Secure Wireless states, "The remarkably low interest rates are extremely attractive, as compared to traditional commercial loans, whose offers have been presented at prime plus 275 basis points. In addition, the USDA offers interest only payments for the first 12 months during the construction of the network; we believe this will enable exponential domestic growth. The application has been submitted for review." The goal of the Broadband Program is to ensure that rural consumers enjoy the same quality and range of services that are available in urban and suburban communities. This Program aims to lend to entities that plan to offer broadband services at levels that keeps pace with technological innovations while meeting the demands of customers in rural America. O2 will construct the most technologically advanced LTE network presently available, capable of download speeds of 25 megabytes per second. The Rural Broadband Access Loan and Loan Guarantee Program (Broadband Program) furnishes loans and loan guarantees to provide funds for the costs of construction, improvement, or acquisition of facilities and equipment needed to provide service at the broadband lending speed in eligible rural areas with a populations not to exceed 20,000 residents.

Obama names FCC commissioners, both agency, Hill veterans

President Obama on Monday nominated Democrat Jessica Rosenworcel and Republican Ajit Varadaraj Pai to the Federal Communications Commission, bringing relatively young but experienced telecom policy experts to an agency trying to redefine itself in the Internet age. Both FCC nominees are well known for their experience on Capitol Hill and as legal advisors at the agency. Rosenworcel serves a a senior staffer to the Senate Commerce Committee. She has worked for the committee’s chairman, Sen. John “Jay” Rockefeller (D-WV.) since 2009 and has taken the lead on legislative proposal to bolster spectrum used by public safety and the private sector. She will replace current Democrat Michael J. Copps, whom she previously served as an advisor, as his tenure ends this year. “Her experience here, combined with her current Congressional work, give her a perspective on telecom and media issues both wide and deep,” Copps said in a statement. “Her dedication, intelligence, and practical good judgment make her an ideal choice for commissioner.” Pai is a partner in the litigation practice of law firm Jenner & Block. Previously, he served in the office of general counsel at the FCC for former chairman Kevin Martin. He has served as chief counsel to the Senate Judiciary Committee’s subcommittee on the constitution, civil rights and property rights. He will fill an empty seat created when Republican Meredith Attwell Baker resigned to join Comcast last spring. Copps also lauded Pai for his experience and ability to navigate different topics deftly. Both Rosenworcel and Pai have long been rumored as candidates at the FCC. Their nominations will go before the Senate for confirmation. That could be within weeks, experts say. If approved, they will become commissioners on the five-member agency as the FCC transitions its policies away from legacy telecom services and into broadband Internet communications. Last week it voted to transform a $4.5 billion federal fund for traditional phone service into a program that doles out money to private firms to bring broadband service to rural areas. Chairman Julius Genachowski is working to create voluntary auctions of broadcast airwaves to create more spectrum for mobile broadband. But the agency is also facing legal challenges on some of its efforts, most notably its controversial net neutrality rule approved last December. The regulation has drawn lawsuits by Verizon Communications and Metro PCS, who say the FCC overstepped its mission by creating rules for how Internet service providers treat the delivery of content on their networks. Public interest group Free Press filed a separate suit saying the rules don’t go far enough and that the FCC needs to make the regulation broader to include wireless Internet service providers.