ERF Wireless Expands Oil and Gas Operations Into Two Additional Regions
Oil and Gas Operations Move Into Upper Eagle Ford and Barnet Shale Regions
June 12, 2014 --
LEAGUE CITY, TX -- (Marketwired) -- 06/12/14 -- ERF Wireless Inc. (OTCQB: ERFB), the operator of the nation's largest terrestrial wireless broadband network servicing the domestic oil and gas sector, today announce that it has commenced serving oil and gas drilling operations in the Central Texas region of the upper Eagle Ford Shale from its Central Texas wireless network. Also announced is the resumption of services to oil and gas operations in the Barnet Shale. ERF Wireless had previously provided such services in the Barnet Shale but migrated its services to the lower Eagle Ford Shale and the Permian Basin regions several years ago along with many of its major customers when those shale regions attracted a majority of the drilling rigs away from the Barnet Shale region. However, now -- with the current oil and gas price levels -- all of these oil and gas regions are experiencing more active production.
ERF Wireless CEO Dr. H. Dean Cubley stated, "The expansion of our services into these new regions is an important part of our overall business strategy for 2014 and is expected to contribute to our overall revenue growth. We will continue to execute operations in all business segments with the objective of achieving cash flow positive and profitable operations in the year 2014."
About ERF Wireless Inc.
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 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)
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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