Guess I need to post the rest of it. wow. :
Under the first agreement, ERF Wireless has retained the investment banking firm as its exclusive financial advisor in connection with debt consolidation financing of up to $5 million of existing debt. Under the second agreement, ERF Wireless has retained the investment banking firm as its exclusive financial advisor in connection with providing the cash portion of acquisition financing of up to $20 million. The planned acquisitions specifically target several organizations that offer accretive revenue and strategic value to the continued development and marketing of the wireless broadband products and services of ERF Wireless. Specific terms and conditions, which the company belives to be reasonable and attainable, must be met for these acquisitions.
The third agreement anticipates an up-listing to a national market and a public offering of $30 million on a firm-commitment basis. The planned public offering is subject to the company's successful acquisition(s) of one or more companies meeting the requirements of the investment banking firm.
ERFWireless' CEO, Dr. H. Dean Cubley, said, "We are exceedingly pleased to establish this relationship with such a prestigious New York Stock Exchange member firm, which validates our business plan and the value of our existing business that we have built over the past few years. We expect the assistance of this well established investment banker will continue to accelerate our growth. An aggressive acquisition program is already under way, and we are beginning due diligence on several highly qualified acquisition targets. Our management team believes we can satisfy the conditions in all three investment banking agreements and add significant value for our shareholders."
