UPDATE: ERF Wireless Offers Guidance for 2014 Corporate Objectives
Plans New Growth and Other Opportunities in 2014
January 21, 2014 --
LEAGUE CITY, TX -- (Marketwired) -- 01/21/14 -- ERF Wireless Inc. (OTCQB: ERFB), the operator of the nation's largest terrestrial wireless broadband network servicing the domestic oil and gas sector, today 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)
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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