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US Wireless Online, Inc. (UWRL) General Business Update

HENDERSON, NEVADA, August 20, 2011 - US Wireless Online, Inc. (UWRL) ( www.uswirelesscorporation.com/ ) is pleased to provide this general update for its shareholders and followers.

US Wireless confirms to its followers and its shareholders that is well into the project of setting up a Forex Seychelles Company. The company has many plans for the Forex business including branching out into Europe. A pre launch website has been developed and is now available for viewing at www.pointzerofx.com . Point Zero will be a full service Forex trading company and not an affiliate or an Introductory Broker service as offered by many of the company competitors.

Point Zero Fx Company is currently in the process of programming software, hooking up the back end, hiring support staff and setting up banking an ecommerce, to name a few logistic steps before making its official launch.

UWRL is also contemplating a name change.

More updates will follow on a timely basis.