ERF Wireless' Subsidiary Energy Broadband Enhances Multi-Year Revenue Stream by Securing Major New Fixed-Site Customer Contract
16 Julio 2013 - 7:00AM
ERF Wireless Inc. (OTCBB:ERFB), a leading provider of
enterprise-class wireless and broadband products and services,
announced today that the company's subsidiary Energy Broadband has,
over the past two quarters, entered into a significant number of
multi-year fixed-site contracts with oil and gas related customers
that are expected to generate almost one million dollars of revenue
in their first year and range from two to five years in duration.
These contracts are for fixed-site wireless broadband data services
over the Energy Broadband wireless network in the Eagle Ford Shale,
as well as associated engineering services during their
installation. Wireless services that are being provided include
data transport for hundreds of production well site collection
points, commercial field offices and storage sites located
throughout the Eagle Ford Shale region of South Texas. As part of
this series of multi-year contracts, Energy Broadband will also be
responsible for providing the wireless system hardware, trained
technicians for managing and performing all installations, and
testing of the total end-to-end data connectivity.
According to Tim Maxson, COO of ERF Wireless, "These fixed-site
contracts all utilize the recently completed South Texas wireless
network resources of the Energy Broadband subsidiary of ERF
Wireless. This extensive wireless network is also currently
providing wireless services to a significant number of active
drilling rigs using our mobile broadband trailer ("MBT") nomadic
service solution. The fixed-site contracts that we have been
signing up are in addition to this standard MBT service offering
and they are generating a separate monthly recurring revenue stream
for each location on multi-year contracts. In addition, each fixed
site also generates one-time revenue for installation. The
fixed-site revenue stream recently added in the Eagle Ford Shale
and other regions is rapidly elevating our fixed-site revenues into
a significant component of our overall oil and gas revenue. Energy
Broadband is currently adding new fixed-site service locations on a
regular basis as new oil and gas customers begin to realize the
extensive capabilities of the Energy Broadband wireless network in
the Eagle Ford Shale."
New or existing customers wishing to learn more about the
capabilities of the Energy Broadband wireless broadband network in
the Eagle ford Shale and elsewhere can call 1-888-770-7052 for more
information.
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 Bundled
Wireless Services, ERF Wireless Messaging Services and ERF Network
Services. 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 www.erfwireless.com, www.energybroadband.com and
www.erfwireless.net or call 281-538-2101. (ERFBG)
Forward-Looking Information
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 negative 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 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.
CONTACT: ERF Wireless Inc.
Clareen O'Quinn
281-538-2101 ext. 113
coquinn@erfwireless.com
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