LEAGUE CITY, TX — (Marketwire) — 10/20/11 — ERF Wireless (OTCBB: ERFB), a leading provider of enterprise-class wireless and broadband products and services, announced today that its Enterprise Network Services Division (ENS) has been actively working with its existing banking customers in Texas and Louisiana to meet their needs for expanded and upgraded services, including the addition of new service areas that accommodate their growing wireless network coverage requirements. Specifically, ENS recently completed the addition of one new branch location for one bank customer and is now in the process of finalizing plans for the addition of four new branch locations for two other bank customers. These new bank projects are providing both one-time and recurring revenue that is in addition to the long-term recurring revenue that each of these bank customers currently provides ERF Wireless.
Dr. H. Dean Cubley, CEO of ERF Wireless, commented, “Since the banking sector has been under intense pressure from the current financial crisis, ENS suspended allocating major resources on marketing to that sector. Instead, the company temporarily focused much of its attention on using many of its existing bank networks to service its oil and gas and WISP customers. In addition, some resources have been expended in firming up patent protection, improving the CryptoVue® product line, servicing our existing banking customers and expanding and upgrading their existing networks.”
Dr. Cubley went on to note that ENS has also begun developing additional vertical markets for wireless broadband in the educational and healthcare sectors. Going forward, ERF Wireless will maintain this balanced approach of using all of its wireless networks to generate multiple revenue streams from residential and commercial WISP customers, bank customers and oil and gas customers.
Currently, the revenue from the company–s Energy Broadband subsidiary is growing at such a rapid rate that the majority of the company–s resources are focused on the oil and gas sector. The company also recently announced a new financing arrangement that will enable its oil and gas business to grow at an even faster pace. However, when the banking sector recovers, ERF Wireless will be ready with a proven and satisfied customer base, a proven and patented CryptoVue® product, and the available personnel and resources to quickly expand this important market.
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 Bundled Wireless Services, ERF Wireless Messaging Services and ERF Network Services. 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 and or call 281-538-2101. (ERFBG)
Forward-looking statements in this release regarding ERF Wireless Inc. and its subsidiaries are made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company–s products, increased levels of competition, new products and technological changes, the company–s dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the company–s periodic reports filed with the Securities and Exchange Commission.
Contact:
ERF Wireless Inc.
Clareen O–Quinn
281-538-2101 ext. 113