Archive for the ‘ERF Wireless Inc. ERFB’ Category

ERF Wireless, Inc. (ERFB) Provides 2012 Update & Guidance

Wednesday, December 21st, 2011

Texas based ERF Wireless, offering wireless and broadband product and service solutions to enterprise, commercial, and residential clients in the U.S. and internationally through its various division and subsidiary operations, today provided an update on the company’s goals and financial guidance for the 2012 calendar year.

ERF CEO, Dr. H. Dean Cubley, summarized the outlook: “Our market leadership position as the largest terrestrial wireless provider to the oil and gas industry in North America — coupled with an expected increase in demand for secure, high-speed, high-capacity, reliable wireless broadband circuits that replace slower, high-latency VSAT circuits at drilling rig sites by operators and producers — gives us confidence we can continue strong growth in calendar 2012. For calendar 2012, we are targeting consolidated revenues of $12-14 million with blended gross margins of 65-70%. If our backlog continues to grow in 2012 as it has in 2011, we are also targeting consolidated revenues in the range of $20-22 million for calendar 2013.”

Specific objectives and expectations include the following:

• Grow High Margin Revenue and Improve Overall Financial Posture
ERF Wireless plans to continue moving toward profitability by growing high-margin oil and gas revenue, while reducing corporate expenses and expanding their WISP, banking, education, and other vertical revenue. ERF has a substantial business backlog relating to new network coverage for the oil industry, as well as banking, educational, and hospital networks. Funding for part of the expansions is based upon already secured $3 million in debt financing.

• Maintain and Strengthen Company Position as the Largest Terrestrial Wireless Provider to the Oil & Gas Industry in North America
ERF Wireless currently owns and operates the biggest oil and gas based terrestrial wireless broadband network in North America, covering Texas, New Mexico, and Oklahoma, in addition to Arkansas, Colorado, Wyoming, and Alberta, Canada. The company is also completing a new network in North Dakota. In addition, there are plans for at least one acquisition to support the growing oil and gas broadband demand.

• Enhance Equity Structure and Grow Shareholder Value
ERF Wireless expects to leverage its growth in the oil and gas industry by taking its wholly owned subsidiary, Energy Broadband, public as a majority owned public subsidiary in the 2012-2013 period. In addition, debt will continue to be removed from the ERF Wireless balance sheet, and the company will continue its efforts to secure a listing on a national market stock exchange.

ERF Wireless Inc. is the parent company of Energy Broadband, Inc., ERF Enterprise Network Services, ERF Wireless Bundled Services, ERF Wireless Messaging Services, and ERF Network Operations.

For additional information, visit www.ERFWireless.com and www.ERFWireless.net

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ERF Wireless (ERFB) Diversifies to Ensure Stability and Continued Growth

Thursday, November 3rd, 2011

At a time when companies are losing money and reducing their work force, ERF Wireless is experiencing a boom. With year-over-year revenue growth of 212%, CEO Dr. Dean Cubley says that he is having a hard time keeping up with all of the business.

Texas based ERF Wireless is a wireless communications company with a broad market presence through 4 divisions:

• Bundled Wireless Services, providing Internet, voice, data, and video services across the country
• Enterprise Network Services, providing high-speed data and voice communications for banking
• Network Operations, providing maintenance of wireless broadband networks
• Wireless Messaging Services, providing wireless broadband system design and implementation

Since its founding, ERF Wireless has acquired 16 companies, mostly wireless companies in rural areas and, most recently, in oil and gas producing regions. Today the company is the nation’s leading provider of secure wireless networks for the regional banking industry and is one of the largest wireless Internet Service Providers (WISPs) in the country.

In addition, ERF Wireless has a wholly owned subsidiary, Energy Broadband, Inc., that provides wireless broadband to major oilfield producers, including data transmission to and from drilling rigs and production wells worldwide. Being based near Houston, the company is close to the energy industry. As the energy industry expands, moving into new territories, ERF Wireless is able to serve the companies as well as associated people and businesses. Although their current focus is in the southwest and south central states, the company plans to open an office in North Dakota, where there is also an energy boom.

ERF Wireless’ stated business strategy is to acquire and develop small wireless networks in rural areas, reaching out to additional businesses to grow the networks. If unable to directly acquire, ERF Wireless is open to partnering to build its base. It’s the company’s overall diversification that gives it a stable outlook and the opportunity for continued growth in an otherwise bad economy.

For additional information, visit the company’s website at www.ERFWireless.com

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ERF Wireless (ERFB) to Broaden IP Portfolio with Third CryptoVue Patent

Wednesday, October 12th, 2011

ERF Wireless, a leading provider of enterprise-class wireless and broadband products and services, announced this morning that its patent attorney has been notified by the U.S. Patent Office that a third patent the company had previously applied for related to the CryptoVue® encrypted security device has been approved. A patent will be issued as soon as the proper forms are submitted.

“We continue to be very pleased to report to our shareholders that now three of the patent applications submitted more than three years ago in connection with our CryptoVue security appliance product have reached the end of the patent process and that this third patent will be formally issued to ERF Wireless Inc. in the very near future,” stated Dr. H. Dean Cubley, CEO of ERF Wireless. “This is particularly satisfying since we have continued to work over the past year to upgrade both the software and hardware capabilities of our CryptoVue product in preparation for its introduction into a number of new markets as well as to broaden its application in bank networks.”

“We are currently readying a whole new generation of CryptoVue devices to begin upgrading some of our long-term customers,” he continued. “Having multiple patents to broaden our intellectual property protection, newly enhanced security software, and a more versatile and robust hardware platform should open up many new market opportunities in some of our other vertical markets for an already respected and proven product.”

The company also stated today that other CryptoVue patent applications covering different functions and features are under review.

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ERF Wireless (ERFB) Energy Broadband Subsidiary Revenues Grow by 212% Year-over-Year

Monday, September 19th, 2011

For the six month period ended June 30, 2011, ERF Wireless recently reported Positive Adjusted EBITDA of $1,136,000. The Company’s Energy Broadband subsidiary expanded significantly during the period, with revenues increasing by $800,000, or 212%. As a result of this growth, ERF Wireless was able to retire some $0.7 million in certain debt and capital leases, resulting in an overall $1.4 million decrease in current liabilities.

CFO Richard Royall commented, “We continued to lay the foundation for future growth by partnering with other large wireless network operators to provide wireless broadband connectivity in regions where ERF Wireless does not currently own networks and thus expand our operational footprint in active oil and gas drilling regions in preparation for the dramatic increases being experienced in the oil and gas industry. Given the foundation that we have put in place during the last two years along with recent new contract wins with major oil and gas producers, we expect to begin realizing substantially more recurring wireless circuit, construction and services revenues from all of our oil and gas contracts for the balance of calendar year 2011.”

Also notable, the Company reported a $1.5 million improvement in Shareholders’ Equity for the quarter, as compared to the most recent balance sheet at fiscal year ended December 31, 2010. During the first half of this year, the Company invested $1,300,000 in cash, mainly for the purchase of assets in its Energy Broadband subsidiary for continued expansion of networks and infrastructure, including increasing its Mobile Broadband Trailer fleet associated with the increased oil and gas business growth.

Specializing in providing wireless and broadband product and service solutions to enterprise, commercial and residential clients, ERF Wireless’ principals have accumulated more than forty years of experience in the wireless broadband, network integration, triple-play FTTH, IPTV and content delivery business. Leveraging the strength of its team, ERF Wireless continues to secure contracts with industry leading customers while increasing its product and service offerings for maximum growth potential.

For more information on ERF Wireless, visit the Company’s website at http://www.erfwireless.com

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ERF Wireless (ERFW) Improves Balance Sheet and Operations in Preparation of Further Expansion

Wednesday, March 16th, 2011

ERF Wireless, provider of wireless and broadband solutions to enterprise, commercial and residential clients on a regional, national and international basis, announced after the closing bell today that its financial and operational posture has undergone significant improvement. These positive changes come as the company’s Energy Broadband subsidiary experiences a significant increase in customer requests for service throughout North American oil and gas markets as well as internationally.

The recent sale of two of the ERF Wireless WISP networks not only resulted in more than three million dollars of liquidity, but also significantly reduced ERF Wireless’ overall employee payroll costs, bandwidth costs, tower rents, and many other operational costs. According to the company, much of the ERF Wireless balance sheet debt has now been eliminated and any remaining debt is mostly long term in nature.

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. In addition, our other business units have now been streamlined and are continuing to produce revenue in multiple business sectors. The ERF Wireless business plan to have a balanced mixture of wireless broadband revenue from oil and gas, WISP, banking, education, and health care is firmly in place; although, in the current economic environment, the oil and gas and WISP segments have recently represented the majority of the revenue.”

He continued, “We now see our oil and gas revenue surging as we also reduce our overall operational costs and increase our cash liquidity. If the current trends continue, these factors should significantly improve the potential for ERF Wireless to soon achieve our short term objective of becoming cash flow positive and ultimately achieve overall profitability.”

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ERF Wireless, Inc. (ERFW) is “One to Watch”

Tuesday, March 15th, 2011

ERF Wireless focuses its efforts on providing wireless and broadband product and service solutions to enterprise, commercial and residential clients on a regional, national and international basis. Leveraging a strategic business plan, ERF Wireless has successfully positioned itself as the nation’s leading provider of secure wireless networks for the regional banking industry and one of the largest wireless Internet Service Providers (WISPs) in the U.S.

Several community bank networks have replaced their expensive T1 telephone networks with ERF Wireless’ solutions, utilizing the Company’s proprietary CryptoVue® Network Security Appliance. ERF Wireless’ networks now connect more than one hundred banking locations across three states. Employing leading-edge wireless broadband technology and CryptoVue®, ERF Wireless has established an extremely competitive advantage in the banking industry.

The company also provides an array of other products and services, including a triple-play Voice, Video and Internet offering, to exclusive luxury resort communities over a Fiber-to-the-Home (FTTH) network. ERF Wireless combines the design and implementation of this advanced communications system with a menu of wireless broadband services to offer a unique turnkey package for the global market.

The market for wireless broadband products and services has grown substantially over the past few years and its growth rate is anticipated to dominate all wireless markets over the next ten years. Leveraging its solid position in the wireless broadband market, the company is aggressively building and operating wireless broadband networks nationwide, utilizing a combination of acquisitions, partnerships and new construction.

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ERF Wireless, Inc. (ERFW) is “One to Watch”

Friday, March 11th, 2011

ERF Wireless focuses its efforts on providing wireless and broadband product and service solutions to enterprise, commercial and residential clients on a regional, national and international basis. Leveraging a strategic business plan, ERF Wireless has successfully positioned itself as the nation’s leading provider of secure wireless networks for the regional banking industry and one of the largest wireless Internet Service Providers (WISPs) in the U.S.

Several community bank networks have replaced their expensive T1 telephone networks with ERF Wireless’ solutions, utilizing the Company’s proprietary CryptoVue® Network Security Appliance. ERF Wireless’ networks now connect more than one hundred banking locations across three states. Employing leading-edge wireless broadband technology and CryptoVue®, ERF Wireless has established an extremely competitive advantage in the banking industry.

The company also provides an array of other products and services, including a triple-play Voice, Video and Internet offering, to exclusive luxury resort communities over a Fiber-to-the-Home (FTTH) network. ERF Wireless combines the design and implementation of this advanced communications system with a menu of wireless broadband services to offer a unique turnkey package for the global market.

The market for wireless broadband products and services has grown substantially over the past few years and is anticipated to dominate all wireless markets over the next ten years. Wireless broadband provides users with a truly versatile communication medium that is less expensive than a wired solution, faster to implement, and can be configured for one or more applications. Although wireless broadband has been in use for a number of years, the recent advent of industry standards has made it possible to link the many small systems into a more robust wide area network.

Most recently, ERF Wireless has utilized its extensive wireless network coverage in oil and gas production regions of Texas, New Mexico, Oklahoma and Louisiana to provide wireless high-speed broadband communications to drilling and production operations. For less than the cost of “renting” expensive satellite circuits, through ERF Wireless’ innovative solutions enterprise customers can now choose to “own and control” their own static and remote ultra-high-speed network system that is reliable, easy to maintain and accommodates real-time applications.

In yesterday’s news, ERF Wireless announced that it has entered into an agreement with Bluebird Broadband Services for the delivery of Internet and bandwidth services to Energy Broadband Inc., the oil and gas subsidiary of ERF Wireless. Energy Broadband will use this enhanced wireless broadband coverage to deliver digital oil field solutions to oil and gas companies under existing contracts, as well as to other oil and gas companies active in the Haynesville Shale areas in northwest Louisiana and northeast Texas.

“Through our strategic relationship with Bluebird, our ability to fulfill requests for broadband service to drilling and production operations in key areas such as the Haynesville Shale Region in northwest Louisiana and northeast Texas has been greatly accelerated,” commented John Nagel, CEO of Energy Broadband. “Bluebird has put together an exceptional wireless broadband Internet service and we are proud to be working closely with their professional staff members. We are now capable of extending reliable, high-quality voice and data connectivity to our energy based customers located within their remote coverage areas.”

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ERF Wireless (ERFW.OB) Receives $4.7+ Million Order for Mobile Broadband Trailers

Friday, December 18th, 2009

ERF Wireless, a leading provider of enterprise-class wireless and broadband products and services, announced earlier today that the company entered into a $4.740,250.00 agreement with a major manufacturer to produce additional Mobile Broadband Trailers (MBTs) that will deploy the company’s high-speed wireless broadband digital-oilfield solutions into oil and gas drilling operations throughout North America.

According to Dr. H. Dean Cubley, CEO of ERF Wireless, “This agreement underscores the financial commitment ERF Wireless has made to expand the company’s capability to service the communications requirements of all its oil and gas drilling customers throughout North America, under existing as well as future contracts, with its full array of premier wireless broadband products and services.”

Dr. Cubley noted that the company has already amassed the largest terrestrial wireless broadband network covering the major oil and gas regions in North America through 15 network acquisitions and a continuing series of Master Service Agreements with other leading wireless providers. Earlier this year, ERF Wireless entered into an exclusive reseller contract with the world’s leading oil and gas service company to supply wireless broadband communications services to its customers throughout North America.

“By initiating the production of a large number of MBT units, which we will deploy along with our existing fleet, ERF Wireless has taken the next major step, in our continuing plan, to become the wireless broadband communications solution of choice for the oil and gas industry in North America,” said Dr. Cubley. “We fully expect in 2010 that the ERF Wireless Oil & Gas Services division will become the most profitable segment of our overall business strategy, which includes regional banking institutions, the healthcare industry and educational institutions as well as commercial and residential customers in rural communities throughout the country.”

“In addition, other areas these MBTs will be used for will include disaster recovery teams, first responders, pipeline and road construction, as well as special events. They can be utilized anywhere that a mobile communications capability is needed.” Cubley added, “After Hurricane Ike we utilized the MBTs to provide coverage to the Bolivar Peninsula just east of Galveston where the community was devastated and communications were non-existent for nearly 12 months following the storm.”

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ERF Wireless (ERFW.OB) Acquires Frontier Internet LLC and iTexas.net

Thursday, June 4th, 2009

ERF Wireless, a leading provider of enterprise-class wireless broadband products and services, announced this morning that it acquired the assets and operations of Frontier Internet LLC and iTexas.net, both headquartered in Granbury, Texas. These transactions, which closed on the first of the month, are the fourteenth and fifteenth such acquisitions by ERF Wireless of Texas-based Wireless Internet Service Providers (WISPs) and include a combined existing customer base of more than 1,800 customers and over $1,300,000 in profitable recurring annual WISP revenue.

The acquisitions include 16 towers strategically located south and southwest of Fort Worth, Texas. These towers provide ERF Wireless access to a large geographic area that includes coverage in Hood, Somervell, Johnson, Erath and Parker counties within the Barnett Shale area that covers approximately 6,000 square miles of natural gas and oil production territory. The company’s new wireless footprint allows it to market its unique suite of wireless products and services to extensive oil and gas exploration and production locations, thousands of businesses and residents, and a number of regional and community bank charters.

Dr. H. Dean Cubley, Chairman and CEO of ERF Wireless, stated, “These Barnett Shale acquisitions complement our growing WISP operations that now cover over 160,000 square miles across New Mexico, Texas and Louisiana. The accumulation of additional market service area in this rich oil and gas drilling territory will greatly enhance the value and recurring revenue generated from all of our oil and gas customers doing business in this market. We also expect to achieve significant market share increases in this growing rural region of the state from commercial, residential, regional and community banking customers, hospitals and clinics, school districts, and municipalities and government entities where we provide bundled wireless services, network operations, and wireless messaging services specifically addressing each entity’s unique needs.”

Ike Thomas, President of Frontier Internet LLC, commented, “In my opinion, ERF Wireless is in the process of executing one of the best business plans in the wireless broadband industry. By continuing to acquire strategically located networks in underserved rural America and marketing its products and services to oil and gas operations, regional banking institutions, and commercial and residential WISP customers, the company is building a solid foundation for long-term recurring revenue.”

Ronnie Franklin, owner of iTexas.net, added, “We’ve built a solid reputation in our markets and we’re looking forward to experiencing the growth ERF Wireless will bring to our network by applying its oil and gas expertise to the Barnett Shale.”

John Nagel, CEO of ERF Wireless’ Oil and Gas Services Division, said, “These acquisitions add excellent coverage in the North Texas and Barnett Shale oil and gas market service areas. Combining these new towers with the company’s existing towers across the state gives us a very large footprint from which to market our secure high-speed wireless broadband networks, Mobile Bandwidth Trailer System (MBTS), VoIPNet™ phone system, monitored IP video surveillance, video conferencing and offsite data storage.”

R. Greg Smith, Executive Vice President of ERF Wireless and the company’s lead on merger and acquisition activities, commented, “We expect to accelerate the acquisition of profitable wireless broadband networks in the second half of 2009, with primary focus on quality acquisitions that expand our footprint in the oil and gas producing regions of North America. Additionally, we’ll continue to pursue opportunities in these regions that will allow us to provide services, support and technical expertise to a number of our other vertical markets, including regional banking institutions, healthcare enterprises, school districts, and municipalities and government entities.”

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ERF Wireless (ERFW.OB) Adds Energy Sector Expert Douglas Gibson to the Team

Tuesday, May 19th, 2009

Today, ERF Wireless, a leading provider of enterprise class wireless products and services, announced that Douglas S. Gibson, a world-class energy industry consultant, will be joining the ERF Wireless team.

“We’re very pleased that Douglas has agreed to join the team,” stated John Nagel, CEO of the Oil & Gas Division of ERF Wireless. “We are confident that the experience he brings, both in terms of business strategy and energy consultation, will have a tremendous impact on both our immediate and long-term goals. He has operated between the oil centers of the world seeking the best and latest energy-related technologies, partnering with companies with flair and vision as well as building several successful start-ups of his own. He will round out ERF Wireless’ already outstanding team that is in place executing on our oil and gas business plan.”

Gibson has demonstrated profitable results in company start-ups, development of corporate strategy, international selling and negotiations, and overall technology development. In the mid-1990’s Gibson founded Petrosol, which generated more than $110 million in total sales through 2002. In 2000, Petrosol became a partner of Sensa, a company focused on developing fiber optic sensing technologies for use within the oil and gas industry. Schlumberger later acquired Sensa in 2001.

“I have been sitting back and watching ERF Wireless for a while now and am very impressed with the direction they are taking,” commented Mr. Gibson. “Three years ago, John Nagel and I first discussed the communications needs of the oil and gas sector. Since then, ERF Wireless has methodically and successfully positioned themselves as the leader of wireless broadband in this sector. The Digital Oilfield needs ERF’s wireless broadband network in order to fulfill its goal of real-time communications. ERF Wireless has taken the provisioning of high-capacity bandwidth to a whole new level. This has created a real step change from traditional VSAT communications. I see a company vision here that is driving towards great success on a global basis. I am very excited about this new opportunity.”

Dr. H. Dean Cubley, CEO of ERF Wireless, added, “We have been working hard on propelling our oil and gas business forward. ERF recently signed an exclusive agreement with Schlumberger for delivery of wireless broadband services throughout North America. Adding Douglas to our team will add invaluable knowledge and networking capabilities to this energy market that holds so much potential for our company.”

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ERF Wireless, Inc. (ERFW.OB) Installs Wireless Network for West Texas State Bank

Thursday, March 26th, 2009

ERF Wireless announced earlier today that its subsidiary has completed and initiated services on a BranchNet encrypted enterprise-class wireless banking network for West Texas State Bank. The wireless network connects the West Texas State Bank Operations Center located in Odessa, Texas, with all five of its branch locations in Monahans, Kermit, Midland and Odessa, Texas.

“West Texas State Bank is going to be amazed by the speeds generated by this network,” commented Jay Bilden, Senior Vice President of Engineering and Network Operations for ERF Wireless. “This is now one of our model networks and it empowers West Texas State Bank to not only deploy data-intensive applications, but also voice and video technologies which will bring efficiencies to almost every facet of their business. This network will also accommodate the bank’s growing broadband needs for many years to come and will result in a substantial decrease in their network operating costs.”

“We knew that it was time to take a serious look at our communications capability,” said Mark Sparks, CEO of West Texas State Bank. “There’s a continual introduction of new banking applications that, while improving our ability to provide our customers with real-time services, increases our bandwidth needs exponentially. We didn’t want to be in a position of reacting to those escalating requirements.”

Sparks continued, “We were ready to make a fundamental change that allowed us to focus our energies on superior customer service instead of how we were going to continue to incrementally address our communications needs. It was very much in keeping with our basic philosophy of providing the same services to our customers that larger banks are able to provide, while maintaining those qualities that make community banking personable and unique. We were also very impressed with the security features of an ERF Wireless network. We are pleased to say that we now have an extremely secure network that currently surpasses our needs and will allow us to grow with the technology. And, we really like the idea of owning the network. It just makes sense.”

R. Greg Smith, CEO of ERF Enterprise Network Services, added, “We’ve all been looking forward to getting this network up and running because we knew it was going to be one of our most powerful banking networks to date. This was the first project in which Jay Bilden was involved as our new Senior Vice President of Engineering and Network Operations and he brings a tremendous amount of RF knowledge and construction experience to the company. The use of licensed frequencies and the strength of the backbone are considerably more than what the local telco can offer and will result in a very powerful network for West Texas State Bank.”

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ERF Wireless, Inc. (ERFW.OB) and Schlumberger (SLB) Enter Exclusive Reseller Agreement for United States and Canada

Friday, January 16th, 2009

Today before the bell, ERF Wireless, Inc. and Schlumberger announced that they have signed an exclusive agreement for delivery of wireless broadband services throughout North America. As terms of the agreement, Schlumberger will exclusively resell wireless broadband and WiMAX terrestrial communications products and services from ERF Wireless in the North American oil and gas market.

“This joint contract with ERF Wireless provides Schlumberger with the ability to deliver cost effective ubiquitous communications to the oil and gas industry in the ERF Wireless coverage areas,” stated Slavo Pastor, vice president, Schlumberger Information Solutions, North America. “This will increase real-time activities and collaboration between remote sites and office-based asset teams.”

John Nagel, CEO of the ERF Wireless Oil and Gas Services subsidiary, commented, “The new Schlumberger and ERF Wireless broadband service empowers energy companies to execute on their digital oilfield initiatives. We’re proud to be working with Schlumberger to increase productivity, safety and crew welfare throughout the North American oil and gas sector.”

“Over the past year, the oil and gas industry has become an important part of the ERF Wireless business plan to further utilize the extensive wireless networks we have built and acquired over the past four years. Through this agreement with Schlumberger, we are developing a premiere oil and gas sales channel for our wireless broadband. This will be a powerful catalyst for our vertical markets growth into the oil and gas sector,” said Dr. H. Dean Cubley, CEO of ERF Wireless, Inc.

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ERF Wireless, Inc. (ERFW.OB) Signs Contracts with Banks in Texas and Louisiana

Tuesday, July 29th, 2008

ERF Enterprise Network Services, a subsidiary of ERF Wireless – a leading provider of wireless and broadband product and service solutions to enterprise, commercial and residential clients – has entered into a ten-year, multi-million dollar WiNet™ System contract with Louisiana-based Fidelity Homestead Bank and Texas-based Classic Bank to bring wireless broadband to certain rural communities in both Texas and Louisiana.

The new contracts are in addition to the previously announced seven-year BranchNet and US-BankNet contracts signed at the beginning of this year, and will utilize each bank’s excess wireless bandwidth and wireless infrastructure to provide wireless Internet products and services to the banks’ commercial and retail customers.

According to the terms of the agreement, the WiNet operations for both banks will be initiated in the fall of 2008 and the company will operate and support the product offerings through its wireless bundled services subsidiary. The agreement also states that, in regards to revenues, the banks will receive a percentage of the gross subscriber revenues as part of the agreement and – over the next ten years – the contracts are expected to generate more than $7 million in recurring revenues to ERF Wireless after the revenue share to the banks.

R. Greg Smith, CEO of ERF Enterprise Network Services, commented, “Because ERF Wireless has a relationship with their financial institution, the bank’s customers have a compelling reason to purchase Internet services from us rather than from a local cable or DSL provider. We also have the advantage of offering them unique products and services they simply can’t obtain anywhere else.”

Commenting on behalf of Classic Bank, Richard E. Williams, President, stated, “We have many customers who could use the WiNet services that include high-speed access to Internet banking, merchant check capture, spam-free email and web hosting. And we like the fact that giving our customers access to this advanced technology is another way our bank can bring more valued-added services to our community.”

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Small Cap Voice Featured Company: ERF Wireless, Inc. (ERFW.OB)

Friday, February 15th, 2008

ERF Wireless, Inc. (ERFW.OB) specializes in providing broadband wireless product and service solutions to commercial and residential clients on a national level. The company was originally founded with the purpose of applying wireless broadband to a select suite of enterprise, commercial and retail communications needs. ERF uses a combination of acquisitions, partnerships and new construction in North America to aggressively build wireless broadband networks.

ERF’s wireless broadband networks provide a versatile broadband communication medium that is more cost effective than wired solutions, is faster to implement, and is more secure and can be configured for one or more applications. The ERF Wireless network is designed to serve enterprise customers, private entities, cities, unincorporated municipalities and the general public.

ERF is comprised of four divisions: Enterprise Network Services, Wireless Messaging Services, Bundled Wireless Services and Network Operations. Each division provides solutions and services to different segments of the communications industry and the wireless broadband industry. The company’s principals have been in the network integration, triple-play FTTH, IPTV content delivery, and Internet banking and encryption technology businesses for more than 20 years. ERT has constructed encrypted, wireless broadband networks, fiber-to-the-home projects, as well as secure Internet banking solutions for hundreds of banks across America.

ERF Wireless strongly believes that wireless broadband networks will become a “third pipe” as an alternative to, and extension for, DSL and cable modem services, the two chief means of delivering high-speed connectivity today. This will be particularly true for all of the non-urban underserved areas of the country.

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ERF Wireless Inc (ERFW.OB) Jumps Up 21% on $1M Contract News

Wednesday, June 27th, 2007

Shares of ERF Wireless Inc. (OTCBB: ERFW) jumped up today after news of its $1 million contract with First Federal Bank of Louisiana. In early trading today, ERFW was up 6 cents (21 percent) to 41 cents per share on volume of 545,405 shares.ERFW announced today that its ERF Enterprise Network Services subsidiary has contracted with First Federal Bank of Louisiana to supply bandwidth transport across US-BankNet, ERF Wireless’ new, fault-tolerant encrypted enterprise-class wireless banking network. First Federal’s seven-year US-BankNet contract, which also includes a number of renewal provisions that could extend it up to 25 years, is in addition to the $1 million BranchNet contract recently signed with the bank.

“This is our first million-dollar US-BankNet contract in Louisiana. We are projecting that out of the state’s 282 banks and credit unions, we’ll add at least 19 more financial institutions to the Louisiana segment of our US-BankNet system over the next five years,” said John Burns – CEO of ERF Enterprise Network Services – in a press release.

While the BranchNet contract provides connectivity to First Federal’s 14 branches throughout southwestern and central Louisiana, the US-BankNet contract provides for delivery of additional digital services, including fast access to key banking service providers, redundant routing across the network, IP WAN transport and access to a 50-mbps Internet gateway.

“US-BankNet will not only provide wireless connectivity, fiber gateways, video-on-demand servers for storage and retrieval of training classes, access to network storage systems, high-definition video surveillance, and a host of other products and services to participating financial institutions, it will also be the primary interconnect to a number of BranchNet encrypted high-speed networks which the company has already installed for banks around the state,” concluded Burns.

ERFW specializes in providing secure wireless and broadband product and service solutions to banking and commercial clients on a national and international basis. Its principals have been in the network integration, triple-play FTTH, IPTV content delivery, Internet banking and encryption technology businesses for more than twenty years and have constructed encrypted, wireless broadband networks as well as secure Internet banking solutions for hundreds of banks across America.