SOURCE: ERF Wireless Inc.

ERF Wireless Inc.

January 24, 2011 09:00 ET

Energy Broadband to Expand Operations as Oil and Gas Revenue Accelerates With Increasing Customer Count

LEAGUE CITY, TX--(Marketwire - January 24, 2011) - ERF Wireless (OTCBB: ERFW), a leading provider of enterprise-class wireless and broadband products and services, announced today that the company's Energy Broadband subsidiary experienced a significant increase in customer requests for service in the latter part of 2010 and these requests are continuing to grow in 2011. This increased business activity has already resulted in a significant month-over-month Energy Broadband revenue increase which is expected to continue as the price of oil and gas remains high. As a result, Energy Broadband, as previously announced, has already begun increasing its capabilities through its new Odessa, Texas, office and has initiated construction of a major wireless network covering the western part of the Eagle Ford Shale region of Texas. In addition, Energy Broadband is already starting to add more support personnel to its workforce and equipment to its existing fleet of trucks and Mobile Broadband Towers (MBTs). It is also anticipated that Energy Broadband, in conjunction with ERF Wireless, will open additional field offices in other oil and gas regions in order to better serve its expanding customer base.

Dr. H. Dean Cubley, CEO of ERF Wireless, commented, "I'm very pleased to report to our shareholders that the potential that ERF Wireless has long seen in our oil and gas business has now become a reality. When ERF Wireless originally made a decision to expand our wireless business into oil and gas, the price of oil and gas was near an all time high and communication needs of our customers were forcing them to look for alternatives to their limited bandwidth and high latency VSAT communications. Unfortunately, just as ERF Wireless entered the market, the price of oil dropped to $33 per barrel and many of our potential oil and gas customers put their plans on hold to wait out the market fluctuation. During this downturn, ERF Wireless did not significantly expand its base, but did continue to support its existing oil and gas customers and educate potential new customers on the advantages of its terrestrial wireless broadband product. In the latter half of 2010, the price of oil began to surge upward and now Energy Broadband finds itself in the advantageous position of having to expand its operations throughout its markets just to keep up with rising customer needs. This expanding business, along with the associated growing revenue added to our existing revenue from our other business units, is exactly what we need to speed ERF Wireless' quest toward near-term cash-flow-positive operations and, ultimately, overall profitability."

For more information regarding ERF Wireless' products and capabilities in the oil and gas industry, our new coverage in the Eagle Ford Shale region, as well as new coverage planned in other oil and gas regions, customers should contact the Energy Broadband sales staff at 888-770-7052. A new coverage map showing both existing and planned Energy Broadband wireless coverage in Texas, New Mexico, Oklahoma, Louisiana, Arkansas, Wyoming and Colorado can be seen at http://www.erfwireless.com/oil_gas_map_big.html.

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 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 www.erfwireless.com and www.erfwireless.net or call 281-538-2101. (ERFWG)

Forward-looking statements in this release regarding ERF Wireless Inc. 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 Information

  • Contact:
    ERF Wireless Inc.
    Clareen O'Quinn
    281-538-2101 ext. 113
    Email Contact