LEAGUE CITY, TX--(Marketwired - Feb 10, 2017) - ERF WIRELESS, INC. (OTC PINK: ERFB) announced today that their Board of Directors has directed the company management to take all necessary actions required to enable ERF Wireless, Inc. to obtain a market listing, as soon as possible, with the OTC Markets Group under their Alternative Listing Standard. ERF Wireless filed a SEC Form 15 late in CY 2016 and voluntarily terminated its registration under Section 12(G) of the securities act of 1934. As such, ERF Wireless, Inc. no longer has a requirement to file annual and quarterly financial reports directly with the SEC. However, in order to provide its shareholders current financial and other information on the company the Board has elected to pursue the OTC Markets Group Alternate Listing Standard and plans on filing Annual and Quarterly reports under that venue. In order to support this objective the company has engaged two consultants who are working with the company to bring all financials and filings current. In addition, the company is taking all required actions to prepare the other company information and complete the legal and accounting documentation necessary to prepare and file the application and complete all other steps required to accomplish this objective.
ERF Wireless (www.erfwireless.com) was founded in 2004 as a "Critical Communications Infrastructure" company applying advanced wireless broadband technology and other communications technology to a select suite of enterprise, commercial and retail critical communications needs. ERF has historically offered high-speed wireless broadband products and services to specialized critical communications needs, such as banking, healthcare, education and oil and gas.
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the proposed application including statements regarding the benefits of the application andthe anticipated timing of the application. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) the risk that the listing may not be completed in a timely manner or at all, which may adversely affect ERF's business and the price of the common stock of ERF, (ii) the failure to satisfy the conditions to the listing and the receipt of certain governmental and regulatory approvals, (iii) the occurrence of any event, change or other circumstance that could give rise to the termination of the application, the occurrence of any event, change or other circumstance that could give rise to the termination of the listing, (iv) the effect of the announcement or pendency of the listing on ERF's business relationships, operating results, and business generally, (v) risks that the proposed listing disrupts current plans and operations of ERF and potential difficulties in employee retention as a result of the listing. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and ERF assumes no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.