|By PR Newswire||
|August 12, 2014 08:01 AM EDT||
ST. AUGUSTINE, Fla., Aug. 12, 2014 /PRNewswire/ -- O2 Secure Wireless, Inc. (OTC PINK: OTOW), a developer of domestic and international hi-speed wireless Internet facilities, Mobile Internet solutions and the OTOW Network, today announced a revenue share agreement as part of the relationship with LOOKHU (www.lookhu.com), an online subscription service that delivers movies, music, television shows, apps and games.
A report out by Juniper Research has found that by 2017, annual revenues from only mobile entertainment services will reach almost $75 billion. This substantial growth is primarily driven by the emergence of more sophisticated monetization strategies allied to app-centric mobile devices along with mobile VoIP subscribers nearing 410 million by 2015.
LOOKHU can presently be used on any Android device, Xbox®, Apple TV®, Nintendo Wii® or Sony Playstation®. LOOKHU is different from other content providers because of its exclusive content, available HD audio platform and ability to offer the same top shows, movies and music that cable and other services offer -- but at a fraction of the cost.
LOOKHU intends to launch August 2014 and anticipates over one million users by Q3 2015. The Companies intend to develop and provide Mobile Content for distribution producing various revenue streams from multiple sources for OTOW NETWORK. Mobile operators that do business with OTOW in the future will be able to select from among a full range of products offered in order to satisfy mobile subscriber needs.
OTOW and LOOKHU are committed to developing new, innovative products for the mobile content markets around-the-world and to creating new services solving the needs of today's mobile operators as they evolve, all while providing the best-in-class service that is to be a hallmark of OTOW capabilities.
Val Kazia, CEO of O2 Secure Wireless Inc., stated, "Our alliance with LOOKHU adds a new revenue source for the OTOW NETWORK markets in Haiti, Dominican Republic, Costa Rica and Mexico. LOOKHU's creation of new mobile content in the future together with OTOW may provide a real alternative sought by mobile subscribers in Haiti, Dominican Republic, Costa Rica and Mexico. We believe the alliance with LOOKHU will drive our vision of delivering comprehensive solutions to the mobile community and the next stage of our Company's development."
About O2 Secure Wireless (http://o2securewireless.com)
O2 Secure Wireless is a Company that is currently developing numerous wireless tower facilities in the U.S. The Company is also instrumental in the development of wireless broadband communication services domestically. Under a merger with Earthcom Service Inc., the Company is currently being structured to provide affordable flat rate pre-paid wireless services in developing countries internationally.
About LOOKHU, Inc. (www.lookhu.com)
Lookhu's mission is to provide the best entertainment experience possible by delivering the world's most popular and exclusive content both live and on-demand. Lookhu is an online video service that offers a selection of popular and exclusive movies, TV shows, games and more on a free, ad-supported or paid commercial free service basis. Instantly stream just about any kind of entertainment found anywhere. Enjoy the most exclusive behind the scene videos from some of your favorite musician, personalities and celebs. Explore a wide array of movies documentaries, music videos and more. Lookhu is focused on quality and convenience and strives to create the best possible mobile entertainment experience where subscribers can access their service through more than 400 million connected TVs, smartphones, game consoles and set top boxes. Lookhu gives advertisers an opportunity to associate their brands with premium online video content and connect with highly engaged consumers. And, through the Lookhu Direct subscription service, advertisers can extend their reach to the users of the millions of Lookhu Direct enabled devices on market today.
Safe Harbor Act: This release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report.
SOURCE O2 Secure Wireless, Inc.
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