ERF Wireless Implements 1 for 500 Reverse Stock Split

ERF Wireless

announced today that, having received all required regulatory and stockholder approvals, the company has implemented a reverse stock split of 1 for 500 effective August 5, 2011. The company's board of directors and stockholders with a majority of the company's voting power previously approved an amendment to the company's Articles of Incorporation stating that, the board of directors at its discretion, could at any time within twelve months following the amendment effect a reverse split of the company's common stock at a ratio of between 1 for 2 and 1 for 500. Any whole number of outstanding shares between and including 2 and 500 would be combined into one share of common stock, at a ratio selected by the board. There would be no change to the authorized shares of common stock of the company as a result of the reverse stock split and any fractional shares would be rounded up.