ERF Wireless Expands Focus on Oil and Gas Sector Service Business by Expanding Market Areas and Adding New Products
League City, Tx, United States, 10/28/2014
ERF Wireless Inc. (OTCQB: ERFB), a leading provider of enterprise-class wireless and broadband products and services, announced today that following its recent sale of the majority of its residential wireless business it is continuing to restructure its balance sheet and pay off certain debt as available resources dictate. In addition, ERF Wireless is expanding its geographical service areas as well as its product mix to continue to improve and grow its oil and gas sector service business throughout all of its service areas in Texas, New Mexico, Oklahoma, and Louisiana. More specifically, the Energy Broadband (“EBI”) oil and gas subsidiary of ERF Wireless is currently designing and constructing new networks in certain new oil and gas production areas of central Texas to supplement existing wireless network coverage already available to EBI through contractual agreements.
In addition to the revenue increase anticipated by the expansion of these oil and gas service areas, EBI has also significantly increased its revenue per drilling customer rig site throughout its entire operations by adding to its product offerings a broad range of IT products such as wireless intercom systems, cellular repeaters, voice over Internet protocol (VOIP) telephone service, laptop computers, monitors, printers, scanners, and FAX capability. In addition, ERF Wireless is currently in discussions with a number of potential acquisition candidates in the oil and gas service sector that also have products that would be added to the product mix following any successful acquisition. For those areas where EBI customer drilling exists outside of the ERF Wireless network coverage, EBI has also begun deploying at customer sites a new satellite-based technology that is proving to be far superior in capabilities to other legacy products being offered by our competitors.
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: http://finance.yahoo.com/news/erf-wireless-expands-focus-oil-120000285.html
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