ERF Wireless Visualizes Major Expansion of Energy Broadband Revenue Sources in 2014
Oil and Gas Fixed-Site Long-Term Recurring Revenue Becomes Major Revenue Source in 2014
January 29, 2014 --
LEAGUE CITY, TX -- (Marketwired) -- 01/29/14 -- ERF Wireless (OTCQB: ERFB), the operator of the nation's largest terrestrial wireless broadband network servicing the U.S. oil and gas sector, announced today that revenues from its fixed-site operations has already exceeded company projections, and is continuing to rapidly grow to become a significant percentage of the overall Energy Broadband oil and gas revenue stream. Energy Broadband has focused most of its day-to-day resources on supplying "nomadic" wireless broadband and other services to the drilling rig locations while over the last four years quietly building a major source of fixed-site long-term recurring revenue. This diverse revenue allows for a healthy balance of oil and gas related revenue significant to Energy Broadband and ERF Wireless in that all of the fixed-site revenue has strong margins and is concentrated in the same geographical areas where Energy Broadband already has operational presence. The margins on this revenue are further enhanced by delivering the signal over the same ERF Wireless-owned networks that supply service to the existing Energy Broadband drilling rig customers.
Tim Maxson, COO of ERF Wireless, stated, "Some of our key operational objectives for 2014 were recently conveyed to our stockholders and one of these objectives was to improve the overall operational efficiencies of ERF Wireless. I cannot provide a more complete example of this concept than to utilize exactly the same wireless networks and operational personnel to generate a completely unique and separate high-margin revenue stream while adding minimal expense. Since this fixed-site revenue is under long-term contract, it is much more immune to fluctuations in the energy industry due to economic conditions and provides ERF Wireless a more balanced and stable overall revenue stream. The fixed-site revenue is just one example of our improvement in operational efficiency that will make 2014 a good year for all of ERF Wireless."
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/ and http://www.energybroadband.com/ or call 281-538-2101. (ERFBG)
Forward-looking statements in this release regarding ERF Wireless Inc. and Energy Broadband Inc. are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products, increased levels of competition, new products and technological changes, the company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.
ERF Wireless Inc.
281-538-2101 ext. 113
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