ERF Wireless Introduces New Leadership of Financial Operations
New Chief Financial Officer and Controller Positions in Place
March 26, 2014 --
LEAGUE CITY, TX -- (Marketwired) -- 03/26/14 -- ERF Wireless Inc. (OTCQB: ERFB), a leading provider of enterprise-class wireless broadband products and services, announced today that R. Greg Smith has been appointed as Chief Financial Officer. Effective immediately, Mr. Smith has been given executive oversight responsibilities for all SEC-required financial reporting and General Accounting functions for ERF Wireless. Smith has held numerous roles with the company since its inception in 2004 including holding a continuous seat on the Board of Directors. Smith carries with him 32 years of senior-level experience as well as18 years in executive roles of publicly traded companies. He joined ERF Wireless in August 2004 and led the formation and public trading of ERF Wireless in the summer and early fall of 2004. Smith is leaving the role of Executive Vice President which he has held since early 2013. He will be reporting directly to Dr. Dean Cubley Chairman and Chief Executive Officer.
Dr. Cubley commented, "I am very pleased that Greg has accepted the challenge of CFO. I have asked him to fill a tough role in our company as we prepare to move the company away from a bulletin board traded stock and onto a nationally recognized exchange. I am also confident that Greg's years of familiarity and experience with ERF Wireless make him a natural choice to help me continue to execute on the strategic direction of the company."
ERF Wireless will also benefit from the hiring of Wesley Sherer as the new Financial Controller. Wesley holds a CPA license in the state of Texas, a Chartered Global Management Accountant Certificate and a Masters of Business Administration from the University of Houston. Wesley has also been accepted and is the process of earning a degree in Six Sigma Management from Villanova University. Having held previous CFO and Controller positions with key Texas energy corridor companies has prepared Sherer to lead the day-to-day accounting activities at ERF Wireless. Mr. Sherer will report directly to the incoming CFO R. Greg Smith.
About ERF Wireless
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/, http://www.energybroadband.com, and http://www.erfwireless.net/ or call 281-538-2101. (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.
ERF Wireless Inc.
281-538-2101 ext. 113
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