ERF Wireless, Inc. (ERFB)

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Dr. H. Dean Cubley stated, The sale of our residential networks in Texas is an important first step in our overall list of business objectives for 2014 that we outlined in our August 14, 2014 press release. We plan to combine the proceeds of this sale with other financing that is being arranged to completely upgrade the ERF Wireless balance sheet over the remainder of 2014. We will also seek to complete one or more acquisitions in 2014 of other compatible companies in our industry using the third party acquisition fina ncing announced in our press release on April 30, 2014.

Read more: http://www.nasdaq.com/press-release/erf-wireless-completes-multimillion-dollar-sale-of-the-majority-of-its-residential-and-home-20140917-00230#ixzz3JLLKr1eE