ERF Wireless, Inc. (ERFB)

[Penny Stocks 2.0]

ERF Wireless Reduces Corporate Debt More Than Seventy Percent Over Past Two Years

       

ERF Wireless Board Resolves to Accept No New Source of Convertible Debt

LEAGUE CITY, TX--(Marketwired - Feb 13, 2017) - ERF WIRELESS, INC. (OTC PINK: ERFB) on Monday announced that over the past two years it has successfully been able to eliminate more than six million dollars of its corporate debt, representing more than seventy percent of its total debt. This debt reduction has come as a result of asset sales, exchange of convertible debt and Bonds for Preferred B stock, and negotiated settlements. More recently, as a part of our workout efforts associated with our contract with Asset Econometrics, we are taking steps to reduce our remaining debt and to prepare the company for future growth. Additionally, on February 9th, 2017, as a part of the overall long term company planning, the Board of Directors approved a resolution to direct management to not accept any future convertible debt debenture contracts or any other form of "TOXIC FUNDING."

About ERF
ERF Wireless (www.erfwireless.com) was founded in 2004 as a "Critical Communications Infrastructure" company applying advanced wireless broadband technology and other communications technology to a select suite of enterprise, commercial, and retail critical communications needs. ERF has historically offered high-speed wireless broadband products and services to specialized critical communications needs, such as banking, healthcare, education and oil and gas.