ERF Wireless Focuses on CY 2015 with New Products and Services to Grow Revenues and Margins
Proceeds of Non-Core Network Sale Partially Used to Add Products, Expand Service Areas and Diversify Customer Base
LEAGUE CITY, TX / ACCESSWIRE / November 25, 2014 -- ERF Wireless Inc. (OTCQB: ERFB) announced today that its recent residential network divestiture ideally positions it in CY 2015 to focus its Energy Broadband Inc. ("EBI") subsidiary on the highly profitable oil and gas sector in a totally new and dynamic manner. Specifically, the available new resources are contributing to this new EBI growth opportunity in three distinctive ways.
ERF Wireless and EBI recently have begun development of a number of new products and services that are in great need by the oil and gas industry. The available additional resources now allow the full deployment to the oil and gas marketplace of these new products including very high bandwidth wireless delivery technology and products in addition to more and diversified drilling site products.
Some of the new products not only deliver a higher bandwidth service to the EBI oil and gas customers but also should allow EBI to offer this same level of service to its oil and gas customers well beyond the existing wireless footprint of the currently owned ERF Wireless networks due to the unique manner in which the new products deliver the bandwidth to the customers.
One of the primary CY 2015 ERF Wireless business objectives and also an expected by-product of the expanded new products and service areas is the anticipated increase of the number of active oil and gas companies on the EBI customer list. EBI has typically had over the past few years a central core of several dozen oil and gas customers for fixed-site as well as drilling operations but, with new expanded product and service offerings and service areas that are not limited to company-owned wireless footprints, the available potential customer list is almost limitless.
