SOURCE: ERF Wireless, Inc.

November 06, 2013 08:00 ET

ERF Wireless Offers Guidance on Evaluating Its Current Share Price

LEAGUE CITY, TX--(Marketwired - Nov 6, 2013) - ERF Wireless Inc. (OTCQB: ERFB), the operator of the nation's largest terrestrial wireless broadband network servicing the domestic oil and gas sector, today announced that its management team believes the company's public stock has dramatically declined over the past several weeks due to the neutral outcome of its recent arbitration with Schlumberger, and that this one-time event is placing an unnecessary temporary burden on all ERF Wireless stockholders. Because ERF Wireless has been, and continues to be, a vigorous and growing terrestrial wireless broadband company, the management team is of the opinion that the company's current valuation is unrealistically low and could be at least $1.00 per share if stockholders should take into consideration the ERF Wireless on-going performance and the historical facts summarized below.

  • ERF Wireless, Inc. ----2011
    • Annual Revenue--$5.320M 
    • Fully diluted public market cap--$31.683M
      • Wireless Messaging Service--$.022M
      • Enterprise Network Services---Annual Revenue--$.407M 
      • Wireless Bundled Services---Annual Revenue--$2.178M 
      • Energy Broadband, Inc.--Annual revenue--$2.713M
  • ERF Wireless, Inc. ----2012
    • Annual Revenue--$7.328M
    • Fully Diluted Public Market Cap--$14.053M
      • Wireless Messaging Service--$.023M
      • Enterprise Network Services---Annual Revenue--$.380M 
      • Wireless Bundled Services---Annual Revenue--$2.283M 
      • Energy Broadband, Inc.--Annual revenue--$4.642M 
  • ERF Wireless, Inc. ----2013
    • Final results to be reported after year end in the 10K for 2013
      • No major changes from 2012 Business Plan
      • Continued emphasis on growth of oil and gas business

As of this date, ERF Wireless has not reported its third quarter 2013 financials, but an earlier press release has given guidance that the third quarter Energy Broadband quarter-to-quarter revenue growth is expected to be significantly positive.

ERF Wireless CEO Dr. H. Dean Cubley stated, "The Company is concerned that its current public market valuation has fallen to levels that are inappropriate based on our continued strong operational performance as well as the intrinsic value of our wireless broadband assets and the current valuation of other comparable private companies. It is hoped that the historical financial summary listed above will help to refocus our shareholders on the true valuation of ERF Wireless Inc. The management team at ERF Wireless is looking forward to growing the business for the remainder of 2013 and beyond and will be taking every step possible to restore the shareholder value of our public stock to a more realistic value in accordance with the ongoing success of our business."

About ERF Wireless Inc.

ERF Wireless Inc. (OTCQB: ERFB) 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. For information about the Oil and Gas communications services of Energy Broadband call 1-(888) 770-7052. (ERFBG)

Forward-Looking Information

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.

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