ERFW NEWS: ERF Wireless Launches Wireless Broadband Network to Service Over 100 Cities, Towns, and Communities in Central Texas
Monday June 19, 2:10 pm ET
Wireless Broadband Footprint Covers More Than 2,000 Square Miles
LEAGUE CITY, Texas--(BUSINESS WIRE)--June 19, 2006--ERF Wireless (OTCBB:ERFW - News), a leading provider of enterprise-class wireless broadband products and services, announced today that the company has completed the construction of the majority of its Central Texas wireless broadband network in the area between Houston and Austin and will immediately begin offering wireless ISP and other wireless services across a more than 2,000 square mile coverage area. This area includes more than 100 cities, towns and communities, the majority of which have previously had no broadband services whatsoever. The wireless broadband services being offered in this new service area include commercial and residential wireless broadband Internet connectivity, Voice over IP (VoIP) telephone service and wireless broadband data services. The services will be provided from a number of strategically located wireless towers recently purchased by ERF Wireless, as well as from tower locations included in the regional bank networks constructed by ERF Wireless over the past few years.
ADVERTISEMENT
R. Greg Smith, CEO of ERF Wireless, commented, "The company is now in a position to begin realizing revenues from a variety of services being offered in our Central Texas Network. In addition to the revenues already being generated from our Wireless Messaging Services Division and our Enterprise Network Services subsidiary, a central part of our revenue strategy has always been the generation of significant recurring revenues from a wireless broadband footprint which overlays our regional banking business network construction. And, in many cases, we can be provide wireless broadband services without significant capital expenditure to ERF Wireless by simply leveraging the service off of our existing banking networks through a revenue sharing arrangement with the banks. Many of the banks see this as a perfect way to recapture some of the cost of their network while at the same time strengthening their relationships with their banking customers."
Smith went on to note that in those areas where the company is already servicing bank networks and the bank network is not currently available, ERF Wireless can easily build or buy wireless broadband capability and still take advantage of dual usage of our local personnel. "Our prime objective is to generate both one-time and recurring revenue for ERF Wireless every time we deploy any of our personnel in the field. The overlaying of wireless broadband services on our banking network territory is a good example of this principle."
"This new Central Texas network is a significant addition to the growing wireless network footprint of ERF Wireless," said Jesus Jimenez, CEO of the company's Wireless Bundled Services Division. "Our new area of coverage provides ERF Wireless a very large underserved or unserved marketing territory that we expect will respond very positively to the advantages associated with commercial and residential wireless broadband Internet services. We're looking forward to expanding the ERF Wireless recurring revenue base in this new territory, as well as in our other networks in Texas and other states."
ABOUT ERF WIRELESS:
ERF Wireless Inc. is a fully reporting public corporation located in League City, Texas. The company specializes in providing wireless broadband product and service solutions to enterprise, commercial and residential clients on a regional and national basis. For more information, please visit our website at www.erfwireless.com or call 281-538-2101. To automatically receive periodic company information that has appeared in the media, please visit our website and join our opt-in Investor Information Program. (ERFWG)
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.
Contact:
ERF Wireless Inc.
Clareen O'Quinn, 281-538-2101 ext. 113
coquinn@erfwireless.com
--------------------------------------------------------------------------------
Source: ERF Wireless
