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ERFB- UP $.18
ERF Wireless Receives U.S. Patent Office Notice of Third CryptoVue Patent Award and Broadens Intellectual Property Base
LEAGUE CITY, TX--(Marketwire -10/12/11)- ERF Wireless (OTC.BB: ERFB.OB - News), a leading provider of enterprise-class wireless and broadband products and services, announced today that the company's patent attorney recently received correspondence from the U.S. Patent Office that a third patent the company had previously applied for related to the CryptoVue® encrypted security device, has been approved and that a patent will be issued as soon as the proper forms are submitted. The announcement that an initial CryptoVue patent had been awarded was made in 2010 and the second patent award was made in January 2011. The company also noted that other CryptoVue patent applications that cover different functions and features are still under review.
Dr. H. Dean Cubley, CEO of ERF Wireless, commented, "We continue to be very pleased to report to our shareholders that now three of the patent applications submitted more than three years ago in connection with our CryptoVue security appliance product have reached the end of the patent process and that this third patent will be formally issued to ERF Wireless Inc. in the very near future. This is particularly satisfying since we have continued to work over the past year to upgrade both the software and hardware capabilities of our CryptoVue product in preparation for its introduction into a number of new markets as well as to broaden its application in bank networks. We are currently readying a whole new generation of CryptoVue devices to begin upgrading some of our long-term customers. Having multiple patents to broaden our intellectual property protection, newly enhanced security software, and a more versatile and robust hardware platform should open up many new market opportunities in some of our other vertical markets for an already respected and proven product."
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 and www.erfwireless.net or call 281-538-2101. (ERFBG)
Forward-looking statements in this release regarding ERF Wireless Inc. are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products, increased levels of competition, new products and technological changes, the company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.
ERFB- GET READY!
ERF Wireless Receives U.S. Patent Office Notice of Third CryptoVue Patent Award and Broadens Intellectual Property Base
LEAGUE CITY, TX--(Marketwire -10/12/11)- ERF Wireless (OTC.BB: ERFB.OB - News), a leading provider of enterprise-class wireless and broadband products and services, announced today that the company's patent attorney recently received correspondence from the U.S. Patent Office that a third patent the company had previously applied for related to the CryptoVue® encrypted security device, has been approved and that a patent will be issued as soon as the proper forms are submitted. The announcement that an initial CryptoVue patent had been awarded was made in 2010 and the second patent award was made in January 2011. The company also noted that other CryptoVue patent applications that cover different functions and features are still under review.
Dr. H. Dean Cubley, CEO of ERF Wireless, commented, "We continue to be very pleased to report to our shareholders that now three of the patent applications submitted more than three years ago in connection with our CryptoVue security appliance product have reached the end of the patent process and that this third patent will be formally issued to ERF Wireless Inc. in the very near future. This is particularly satisfying since we have continued to work over the past year to upgrade both the software and hardware capabilities of our CryptoVue product in preparation for its introduction into a number of new markets as well as to broaden its application in bank networks. We are currently readying a whole new generation of CryptoVue devices to begin upgrading some of our long-term customers. Having multiple patents to broaden our intellectual property protection, newly enhanced security software, and a more versatile and robust hardware platform should open up many new market opportunities in some of our other vertical markets for an already respected and proven product."
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 and www.erfwireless.net or call 281-538-2101. (ERFBG)
Forward-looking statements in this release regarding ERF Wireless Inc. are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products, increased levels of competition, new products and technological changes, the company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.
ERFB- NEW UPDATE!
ERF Wireless Receives U.S. Patent Office Notice of Third CryptoVue Patent Award and Broadens Intellectual Property Base
LEAGUE CITY, TX--(Marketwire -10/12/11)- ERF Wireless (OTC.BB: ERFB.OB - News), a leading provider of enterprise-class wireless and broadband products and services, announced today that the company's patent attorney recently received correspondence from the U.S. Patent Office that a third patent the company had previously applied for related to the CryptoVue® encrypted security device, has been approved and that a patent will be issued as soon as the proper forms are submitted. The announcement that an initial CryptoVue patent had been awarded was made in 2010 and the second patent award was made in January 2011. The company also noted that other CryptoVue patent applications that cover different functions and features are still under review.
Dr. H. Dean Cubley, CEO of ERF Wireless, commented, "We continue to be very pleased to report to our shareholders that now three of the patent applications submitted more than three years ago in connection with our CryptoVue security appliance product have reached the end of the patent process and that this third patent will be formally issued to ERF Wireless Inc. in the very near future. This is particularly satisfying since we have continued to work over the past year to upgrade both the software and hardware capabilities of our CryptoVue product in preparation for its introduction into a number of new markets as well as to broaden its application in bank networks. We are currently readying a whole new generation of CryptoVue devices to begin upgrading some of our long-term customers. Having multiple patents to broaden our intellectual property protection, newly enhanced security software, and a more versatile and robust hardware platform should open up many new market opportunities in some of our other vertical markets for an already respected and proven product."
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 and www.erfwireless.net or call 281-538-2101. (ERFBG)
Forward-looking statements in this release regarding ERF Wireless Inc. are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products, increased levels of competition, new products and technological changes, the company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.
ERF Wireless Receives U.S. Patent Office Notice of Third CryptoVue Patent Award and Broadens Intellectual Property Base
LEAGUE CITY, TX--(Marketwire -10/12/11)- ERF Wireless (OTC.BB: ERFB.OB - News), a leading provider of enterprise-class wireless and broadband products and services, announced today that the company's patent attorney recently received correspondence from the U.S. Patent Office that a third patent the company had previously applied for related to the CryptoVue® encrypted security device, has been approved and that a patent will be issued as soon as the proper forms are submitted. The announcement that an initial CryptoVue patent had been awarded was made in 2010 and the second patent award was made in January 2011. The company also noted that other CryptoVue patent applications that cover different functions and features are still under review.
Dr. H. Dean Cubley, CEO of ERF Wireless, commented, "We continue to be very pleased to report to our shareholders that now three of the patent applications submitted more than three years ago in connection with our CryptoVue security appliance product have reached the end of the patent process and that this third patent will be formally issued to ERF Wireless Inc. in the very near future. This is particularly satisfying since we have continued to work over the past year to upgrade both the software and hardware capabilities of our CryptoVue product in preparation for its introduction into a number of new markets as well as to broaden its application in bank networks. We are currently readying a whole new generation of CryptoVue devices to begin upgrading some of our long-term customers. Having multiple patents to broaden our intellectual property protection, newly enhanced security software, and a more versatile and robust hardware platform should open up many new market opportunities in some of our other vertical markets for an already respected and proven product."
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 and www.erfwireless.net or call 281-538-2101. (ERFBG)
Forward-looking statements in this release regarding ERF Wireless Inc. are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products, increased levels of competition, new products and technological changes, the company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.
ERFB UP TODAY! BIG NEWS RELEASE!
ERF Wireless Receives U.S. Patent Office Notice of Third CryptoVue Patent Award and Broadens Intellectual Property Base
LEAGUE CITY, TX--(Marketwire -10/12/11)- ERF Wireless (OTC.BB: ERFB.OB - News), a leading provider of enterprise-class wireless and broadband products and services, announced today that the company's patent attorney recently received correspondence from the U.S. Patent Office that a third patent the company had previously applied for related to the CryptoVue® encrypted security device, has been approved and that a patent will be issued as soon as the proper forms are submitted. The announcement that an initial CryptoVue patent had been awarded was made in 2010 and the second patent award was made in January 2011. The company also noted that other CryptoVue patent applications that cover different functions and features are still under review.
Dr. H. Dean Cubley, CEO of ERF Wireless, commented, "We continue to be very pleased to report to our shareholders that now three of the patent applications submitted more than three years ago in connection with our CryptoVue security appliance product have reached the end of the patent process and that this third patent will be formally issued to ERF Wireless Inc. in the very near future. This is particularly satisfying since we have continued to work over the past year to upgrade both the software and hardware capabilities of our CryptoVue product in preparation for its introduction into a number of new markets as well as to broaden its application in bank networks. We are currently readying a whole new generation of CryptoVue devices to begin upgrading some of our long-term customers. Having multiple patents to broaden our intellectual property protection, newly enhanced security software, and a more versatile and robust hardware platform should open up many new market opportunities in some of our other vertical markets for an already respected and proven product."
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 and www.erfwireless.net or call 281-538-2101. (ERFBG)
Forward-looking statements in this release regarding ERF Wireless Inc. are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products, increased levels of competition, new products and technological changes, the company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.
ERFB CryptoVue® encrypted security device, has been approved!
ERF Wireless Receives U.S. Patent Office Notice of Third CryptoVue Patent Award and Broadens Intellectual Property Base
LEAGUE CITY, TX--(Marketwire -10/12/11)- ERF Wireless (OTC.BB: ERFB.OB - News), a leading provider of enterprise-class wireless and broadband products and services, announced today that the company's patent attorney recently received correspondence from the U.S. Patent Office that a third patent the company had previously applied for related to the CryptoVue® encrypted security device, has been approved and that a patent will be issued as soon as the proper forms are submitted. The announcement that an initial CryptoVue patent had been awarded was made in 2010 and the second patent award was made in January 2011. The company also noted that other CryptoVue patent applications that cover different functions and features are still under review.
Dr. H. Dean Cubley, CEO of ERF Wireless, commented, "We continue to be very pleased to report to our shareholders that now three of the patent applications submitted more than three years ago in connection with our CryptoVue security appliance product have reached the end of the patent process and that this third patent will be formally issued to ERF Wireless Inc. in the very near future. This is particularly satisfying since we have continued to work over the past year to upgrade both the software and hardware capabilities of our CryptoVue product in preparation for its introduction into a number of new markets as well as to broaden its application in bank networks. We are currently readying a whole new generation of CryptoVue devices to begin upgrading some of our long-term customers. Having multiple patents to broaden our intellectual property protection, newly enhanced security software, and a more versatile and robust hardware platform should open up many new market opportunities in some of our other vertical markets for an already respected and proven product."
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 and www.erfwireless.net or call 281-538-2101. (ERFBG)
Forward-looking statements in this release regarding ERF Wireless Inc. are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products, increased levels of competition, new products and technological changes, the company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.
ERF Wireless Receives U.S. Patent Office Notice of Third CryptoVue Patent Award and Broadens Intellectual Property Base
LEAGUE CITY, TX--(Marketwire -10/12/11)- ERF Wireless (OTC.BB: ERFB.OB - News), a leading provider of enterprise-class wireless and broadband products and services, announced today that the company's patent attorney recently received correspondence from the U.S. Patent Office that a third patent the company had previously applied for related to the CryptoVue® encrypted security device, has been approved and that a patent will be issued as soon as the proper forms are submitted. The announcement that an initial CryptoVue patent had been awarded was made in 2010 and the second patent award was made in January 2011. The company also noted that other CryptoVue patent applications that cover different functions and features are still under review.
Dr. H. Dean Cubley, CEO of ERF Wireless, commented, "We continue to be very pleased to report to our shareholders that now three of the patent applications submitted more than three years ago in connection with our CryptoVue security appliance product have reached the end of the patent process and that this third patent will be formally issued to ERF Wireless Inc. in the very near future. This is particularly satisfying since we have continued to work over the past year to upgrade both the software and hardware capabilities of our CryptoVue product in preparation for its introduction into a number of new markets as well as to broaden its application in bank networks. We are currently readying a whole new generation of CryptoVue devices to begin upgrading some of our long-term customers. Having multiple patents to broaden our intellectual property protection, newly enhanced security software, and a more versatile and robust hardware platform should open up many new market opportunities in some of our other vertical markets for an already respected and proven product."
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 and www.erfwireless.net or call 281-538-2101. (ERFBG)
Forward-looking statements in this release regarding ERF Wireless Inc. are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products, increased levels of competition, new products and technological changes, the company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.
Strategic American Oil Corporation Increases Proved Reserves
HOUSTON, Oct. 11, 2011 (GLOBE NEWSWIRE) -- Strategic American Oil Corporation (OTCBB:SGCA.OB - News) today announced that it has received its fiscal year end independent reserve report for the company's productive interests in Texas and Louisiana as of July 31, 2011, which was prior to the recent acquisition of SPE Navigation I, LLC.
The report, not including reserves from the acquired interests of SPE, estimates net proved reserves of 1.2 million barrels of oil and 12.5 Bcf (billion cubic feet) of natural gas which translates to approximately $97.3 million undiscounted or $58.9 million discounted at 10 percent in net proved reserves for Strategic American Oil.
If the SPE interests are included, the numbers increase to an estimated net proved reserves of 1.6 million barrels of oil and 16.6 Bcf (billion cubic feet) of natural gas which translates to approximately $128.2 million undiscounted or $77.7 million discounted at 10 percent in net proved reserves for Strategic American Oil.
Strategic's recently completed acquisition of SPE Navigation I, LLC brought with it additional working interest in Galveston Bay and one million shares of Hyperdynamics stock (NYSE:HDY - News).
Strategic American Oil President and CEO, Jeremy G. Driver, stated "The acquisition of Galveston Bay Energy has proven to be a valuable investment as evidenced by our increasing reserves, production and drilling opportunities. Our reserves have increased even further since our recent acquisition of SPE, which greatly enhances our revenues and cash flow."
The independent reserve report was prepared by Ralph E. Davis Associates, Inc., a Houston-based petroleum engineering consulting firm since 1924.
An updated corporate fact sheet is also now available from the company's website. The latest video "The Focus of Strategic American Oil Corporation" is also available at
ERF Wireless (ERFW) Continues to Expand as Key Provider of Wireless Broadband
ERF Wireless was founded with the goal of providing wireless broadband technology to rural wireless service markets in North America, as well as to specialized vertical markets such as banking and the oil/gas industry. ERF has now become one of the largest wireless Internet service providers in the country, and is a leading provider of secure wireless networks for the regional banking industry. ERF serves customers in nine primarily mountain and south central states and two Canadian provinces.
The company’s rapid but carefully orchestrated growth rests largely on its aggressive acquisition of 16 competing wireless broadband networks in these largely rural markets, together with the expansion of wireless coverage where needed. ERF has also developed several master service agreements with wireless companies throughout much of the U.S. and Canada, further extending its reach. In addition to traditional rural residential and commercial customers, the company serves regional banks, healthcare institutions, educational institutions, and various enterprises. Service areas include Texas, Louisiana, Arkansas, Kansas, Oklahoma, New Mexico, Colorado, Wyoming, and North Dakota where a new regional office is being opened.
Today one of the fastest growing markets for ERF is the oil and gas industry. Through its wholly owned subsidiary, Energy Broadband, Inc., ERF now serves the wireless broadband needs of the industry throughout rural North America. Carefully located acquisitions have given the company the largest wireless broadband network in North America’s principal oil and gas regions. As the industry’s software has become more sophisticated, and associated communications requirements have increased, standard satellite links are proving ineffective, creating a need for superior land-based solutions. ERF Wireless has become the preferred answer, addressing the large and growing demand. The company plans to expand operations, opening up new service regions and adding new products.
NEW NEWS!
LEAGUE CITY, TX--(Marketwire -10/05/11)- ERF Wireless (OTC.BB: ERFB.OB - News), a leading provider of enterprise-class wireless broadband products and services, announced today that it has entered into a binding commitment agreement with Dakota Capital Fund LLC of Sioux Falls, South Dakota, for an initial round of debt financing of up to $3,000,000 to be utilized by ERF Wireless to quickly expand its Energy Broadband subsidiary's presence in all of the major oil and gas exploration regions of North America. Dakota Capital Fund has a special interest in having Energy Broadband initiate its oil and gas wireless broadband services in the Bakken Shale region of North Dakota and initial efforts to that end have already begun.
Terms of the agreement call for the definitive funding agreement to be available for signature on or before October 31, 2011, with a financing of $2,000,000 to be available by that date to be utilized to acquire revenue producing assets. Dakota Capital Fund LLC also has the option of funding an additional $1,000,000 within 90 days of October 31, 2011, under the same terms. ERF Wireless may take down any amount up to the full amount of the credit line at any time during the two-year term of the agreement and pays interest only on any funds that have actually been received from the credit line. The financing received under this credit line is secured by certain ERF Wireless assets and there is no prepayment penalty.
For more information regarding the products and services of Energy Broadband, including their capabilities in the oil and gas industry, please visit the new Energy Broadband website at www.energybroadband.com. This website includes the coverage in the Eagle Ford Shale region, as well as certain coverage planned in some of the other oil and gas regions in North America. Potential customers requiring more detailed information or a quotation for product or services should contact the Energy Broadband sales staff at 888-770-7052.
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 http://www.erfwireless.com/ and http://www.erfwireless.net/ or call 281-538-2101. (ERFBG)
Forward-looking statements in this release regarding ERF Wireless Inc. and Energy Broadband Inc. are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products, increased levels of competition, new products and technological changes, the company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.
Definitive Purchase and Sale Agreement
http://finance.yahoo.com/news/Strategic-American-Oil-Enters-pz-168168795.html?x=0&.v=1
STOCK DIVIDEND!!!!
LEAGUE CITY, TX--(Marketwire -09/21/11)- ERF Wireless (OTC.BB: ERFB), a leading provider of enterprise-class wireless broadband products and services, issued an update today regarding the company's previously announced decision to issue a dividend to ERF Wireless shareholders of up to 5% of the existing common stock in Energy Broadband, the company's wholly owned oil and gas private subsidiary. Previously, ERF Wireless announced that for each 200 shares of ERF Wireless common stock, or preferred stock convertible into 200 common shares, that a shareholder owns as of September 30, 2011, the shareholder will receive one unit of Energy Broadband securities consisting of 100 Energy Broadband common shares, one warrant to purchase 100 shares at a fixed price of $4.00 per share and one warrant to purchase an additional 100 shares at a fixed price of $6.00 per share. The purpose of this press release is to provide more details regarding the actual dividend process.
If you are an ERF Wireless shareholder holding your shares in a brokerage account and you are a non-objecting beneficial owner, you will not have to take any action to receive your units. You will receive your units based on the number of full 200-share increments of ERF Wireless you hold in your account as of the record date. The units will be sent to the address on the account unless you instruct us otherwise in writing. If you are holding your shares in certificate form, you will receive your units based on the transfer agent record of the number of shares you own at the address in that record unless you instruct us in writing otherwise. If you are an objecting beneficial owner holding your shares in a brokerage, you must submit written proof to ERF Wireless of your ownership as of the record date and provide us with current contact information so that we may send you your units. If you have shares in more than one account under exactly the same name, they may be combined for the purpose of the dividend. However, accounts in different names or with another person will be treated as separate accounts.
It is anticipated that most stockholders will receive their units within 90 days of the record date, unless we are unable to contact you at the address in our records. If you do not receive your units within 120 days following the record date and you believe you are qualified to receive units, please contact us at the official address shown below. All distributions of dividend units will be completed within 180 days following the record date and no requests that are received after that date can be honored.
For more information regarding the products and services of Energy Broadband, including their capabilities in the oil and gas industry, please visit the new Energy Broadband website at www.energybroadband.com. This website includes the coverage in the Eagle Ford Shale region, as well as coverage planned in other oil and gas regions in North America. Potential customers requiring more detailed information or a quotation for product or services should contact the Energy Broadband sales staff at 888-770-7052. If you need to contact us regarding your units, please mail to ERF Wireless Inc., Attn: Unit Distribution, 2911 South Shore Blvd., Suite 100, League City, Texas 77573.
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 http://www.erfwireless.com/ and http://www.erfwireless.net/ or call 281-538-2101. (ERFBG)
Forward-looking statements in this release regarding ERF Wireless Inc. and Energy Broadband Inc. are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products, increased levels of competition, new products and technological changes, the company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.
http://finance.yahoo.com/news/ERF-Wireless-Finalizes-iw-4115894165.html?x=0&.v=1
IMPORTANT INFO!
Strategic American Oil Corp. recently announced that it has signed a letter of intent ("LOI") to acquire SPE Navigation I, LLC ("SPE"). In exchange for SPE, Strategic American Oil has agreed to issue to the shareholders of the company an aggregate of 95 million restricted common shares upon the completion of the acquisition.
The material assets of SPE include certain oil and gas working interest equal to one third the working interest of the company in and to four producing oil and gas fields located in Galveston Bay, Texas, as well as one million shares of Hyperdynamics Corporation (NYSE:HDY). SPE is currently managed by Michael E. Watts, the father-in-law of Jeremy G. Driver, the CEO of Strategic American Oil, and the owners of SPE are the children of Mr. Watts which include the wife of Mr. Driver.
Jeremy G. Driver, CEO, commented, "This acquisition strengthens the Company's balance sheet tremendously and provides the Company with a great deal of valuable cash-producing assets to help facilitate our growth. This transaction should convey to every shareholder and potential investor that my family and I are entirely committed to seeing the value of Strategic American Oil move higher."
Texas produces more than one billion barrels of oil/gas each year. Recognizing the state’s impressive history of oil/gas production and myriad of opportunities for further exploration and development, Strategic American Oil is focused on leveraging 3D seismic data and other proven exploration and production technologies to locate and produce oil and natural gas in new and underexplored areas.
The proposed acquisition has been approved by Strategic American Oil’s independent Board members. Although it is still subject to the negotiation and execution of a definitive purchase agreement, as well as customary closing conditions, adjustments and an acceptable fairness opinion to be rendered by an independent expert, the company anticipates that the proposed acquisition may close before the end of next month.
IMPORTANT INFO!
For the six month period ended June 30, 2011, ERF Wireless recently reported Positive Adjusted EBITDA of $1,136,000. The Company’s Energy Broadband subsidiary expanded significantly during the period, with revenues increasing by $800,000, or 212%. As a result of this growth, ERF Wireless was able to retire some $0.7 million in certain debt and capital leases, resulting in an overall $1.4 million decrease in current liabilities.
CFO Richard Royall commented, “We continued to lay the foundation for future growth by partnering with other large wireless network operators to provide wireless broadband connectivity in regions where ERF Wireless does not currently own networks and thus expand our operational footprint in active oil and gas drilling regions in preparation for the dramatic increases being experienced in the oil and gas industry. Given the foundation that we have put in place during the last two years along with recent new contract wins with major oil and gas producers, we expect to begin realizing substantially more recurring wireless circuit, construction and services revenues from all of our oil and gas contracts for the balance of calendar year 2011.”
Also notable, the Company reported a $1.5 million improvement in Shareholders’ Equity for the quarter, as compared to the most recent balance sheet at fiscal year ended December 31, 2010. During the first half of this year, the Company invested $1,300,000 in cash, mainly for the purchase of assets in its Energy Broadband subsidiary for continued expansion of networks and infrastructure, including increasing its Mobile Broadband Trailer fleet associated with the increased oil and gas business growth.
Specializing in providing wireless and broadband product and service solutions to enterprise, commercial and residential clients, ERF Wireless’ principals have accumulated more than forty years of experience in the wireless broadband, network integration, triple-play FTTH, IPTV and content delivery business. Leveraging the strength of its team, ERF Wireless continues to secure contracts with industry leading customers while increasing its product and service offerings for maximum growth potential.
For more information on ERF Wireless, visit the Company’s website at www.erfwireless.com