ERF Wireless Expands Focus on Oil and Gas Sector Service Business by Expanding Market Areas and Adding New Products
28 October 2014 - 11:00PM
eTeligis
LEAGUE CITY, TX(Eteligis Inc.)
LEAGUE CITY, TX, United States, via ETELIGIS INC., 10/28/2014 -
- ERF Wireless Inc. (OTCQB: ERFB), a leading provider of
enterprise-class wireless and broadband products and services,
announced today that following its recent sale of the majority of
its residential wireless business it is continuing to restructure
its balance sheet and pay off certain debt as available resources
dictate. In addition, ERF Wireless is expanding its geographical
service areas as well as its product mix to continue to improve and
grow its oil and gas sector service business throughout all of its
service areas in Texas, New Mexico, Oklahoma, and Louisiana. More
specifically, the Energy Broadband ("EBI") oil and gas subsidiary
of ERF Wireless is currently designing and constructing new
networks in certain new oil and gas production areas of central
Texas to supplement existing wireless network coverage already
available to EBI through contractual agreements.
In addition to the revenue increase anticipated by the expansion
of these oil and gas service areas, EBI has also significantly
increased its revenue per drilling customer rig site throughout its
entire operations by adding to its product offerings a broad range
of IT products such as wireless intercom systems, cellular
repeaters, voice over Internet protocol (VOIP) telephone service,
laptop computers, monitors, printers, scanners, and FAX capability.
In addition, ERF Wireless is currently in discussions with a number
of potential acquisition candidates in the oil and gas service
sector that also have products that would be added to the product
mix following any successful acquisition. For those areas where EBI
customer drilling exists outside of the ERF Wireless network
coverage, EBI has also begun deploying at customer sites a new
satellite-based technology that is proving to be far superior in
capabilities to other legacy products being offered by our
competitors.
About ERF Wireless :
ERF Wireless Inc. is a fully reporting public corporation
located in League City, Texas, and is the parent company of Energy
Broadband Inc., ERF Enterprise Network Services, ERF Wireless
Bundled Services, ERF Wireless Messaging Services and ERF Network
Operations. The company specializes in providing wireless and
broadband product and service solutions to enterprise, commercial
and residential clients on a regional, national and international
basis. Its principals have been in the wireless broadband, network
integration, triple-play FTTH, IPTV and content delivery business
for more than 40 years. For more information, please visit our
websites at http://www.erfwireless.com and
http://www.energybroadband.com or call 281-538-2101. (ERFBG)
Disclaimer: Forward Looking Statements
:
The information in this release may contain forward-looking
statements relating to anticipated or expected events, activities,
trends or results. Forward-looking statements can be identified by
the use of forward looking terminology such as "believes,"
"suggests," "expects," "may," "goal," "estimates," "should,"
"likelihood," "plans," "targets," "intends," "could," or
"anticipates," or the negatives thereof, or other variations
thereon, or comparable terminology, or by discussions of strategy
or objectives. Because forward-looking statements relate to matters
that have not yet occurred, these statements are inherently subject
to risks and uncertainties. Forward-looking statements in this
release include, without limitation, the Company's expectations of
continued expansion into oil and gas markets and of our terrestrial
broadband networks, along with other performance results. These
statements are made to provide the public with management's current
assessment of our business, and it should not be assumed that that
the forward looking statements will prove to be correct. Security
holders are cautioned that such forward-looking statements involve
risks and uncertainties. The forward-looking statements contained
in this release are only as of the date hereof, and we expressly
disclaim any obligation or undertaking to report any updates or
revisions to any such statement to reflect any change in
management's expectations or any change in events, conditions or
circumstances on which any such statement is based. Certain factors
may cause results to differ materially from those anticipated by
some of the statements made in this release. Please carefully
review our filings with the Securities and Exchange Commission as
we have identified many risk factors that impact our business
plan
CONTACT:
ERF Wireless Inc.
Clareen O'Quinn
281-538-2101 ext. 113
coquinn@erfwireless.com
Financial Relations Firm:
Mirador Consulting LLC
561-989-3600
lbigbidask@aol.com
SOURCE: ERF Wireless, Inc.
Associated Documentation:
http://www.eteligis.com/ViewSubmission.aspx?submissionRequest=28273
- Link to submission on http://www.eteligis.com
ERF Wireless (CE) (USOTC:ERFB)
Historical Stock Chart
From Dec 2024 to Jan 2025
ERF Wireless (CE) (USOTC:ERFB)
Historical Stock Chart
From Jan 2024 to Jan 2025