ERF Wireless' Subsidiary Energy Broadband Enhances Multi-Year Revenue Stream by Securing Major New Fixed-Site Customer Contracts in Eagle Ford Shale
LEAGUE CITY, Texas, July 16, 2013 (GLOBE NEWSWIRE) -- 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)
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.