UPDATE: ERF Wireless Offers Guidance for 2014 Corporate Objectives
January 21 2014 - 12:28PM
Marketwired
UPDATE: ERF Wireless Offers Guidance for 2014 Corporate Objectives
Plans New Growth and Other Opportunities in 2014
LEAGUE CITY, TX--(Marketwired - Jan 21, 2014) - ERF Wireless
Inc. (OTCQB: ERFB), the operator of the nation's largest
terrestrial wireless broadband network servicing the domestic oil
and gas sector, today is reviewing the highlight company events of
2013 as well as focusing its shareholders on anticipated 2014 key
company objectives.
During 2013, ERF Wireless continued to expand its operations and
gain market share in all of its three major business sectors; (1)
Delivery of broadband Internet and other services to the U. S. oil
and gas industry; (2) Wireless broadband delivery to commercial and
residential customers throughout the extensive ERF Wireless
networks in Texas, New Mexico, Louisiana, and Oklahoma; (3)
Enterprise level wireless networks for the Regional Banking
Industry. Of the three business units, the oil and gas sector being
serviced by the Energy Broadband subsidiary of ERF Wireless
continued to lead the way with strong growth and a strong oil and
gas price. Also, during 2013 ERF Wireless expanded its sales force
and cut operational cost in a number of key areas.
ERF Wireless CEO Dr. H. Dean Cubley stated, "The new year of
2014 has already started a flare with major activity in our oil and
gas sector occurring 24/7 throughout the holidays and New Year's
Day being extremely busy for our field operations crews. We
anticipate that with continued expansion of the U.S. oil and gas
exploration and production in 2014 we will continue to maintain and
grow this level of activity. We have a number of specific key
objectives planned for 2014 that we believe will be extremely
beneficial to our shareholders, including those noted below:"
- Paying down and eliminating company debt to clean up the
balance sheet and to reduce interest and other capital costs.
- Continuation of our ongoing program to eliminate unnecessary
cost and to improve operational efficiencies.
- Evaluation of the possible sale of certain of our wireless
networks that are non-core to our oil and gas business for
additional improvement of our balance sheet and for expansion of
our oil and gas business.
- Possible investment in/from, or partnering with, other
innovative technology companies to increase ERF Wireless revenues
and cash flow.
- Attempt to complete the requirements for and obtain an
up-listing to one of the national markets to improve stockholder
value.
- Execute operations in all business segments with a plan to
achieve cash flow positive and profitable operations in the year
2014.
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.
Contact: ERF Wireless Inc. Clareen O'Quinn 281-538-2101
ext. 113 coquinn@erfwireless.com
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